English

More than one loan at the same time in Switzerland

Here you will find the right answers

Forum Banking Forum Loans & Leasing More than one loan at the same time in Switzerland

Your web browser does not support JavaScript, or you have temporarily disabled scripting. This site needs JavaScript to function correctly.

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Forum

Categories

BenutzernameMoneyland User Questions
Status Member
Registriert seit1/27/17
Beiträge2145

March 27, 2017, 12:07:09 PM

Is it technically possible to have more than one loan at the same time in Switzerland?

BenutzernameMoneyguru von moneyland.ch
OrtSchweiz
Status Expert
Registriert seit8/4/15
Beiträge4079

March 29, 2017, 12:02:34 PM

Greetings,

It is possible to be approved for more than one loan simultaneously if your creditworthiness is good enough.

According to statistics released by the ZEK in 2015, aroudn 14.4% of Switzerland's residents are servicing two loans. Aroung 3.3% of residents have more than two loan agreements.

In some circumstances it can make sense to replace your existing loan with a larger loan through refinancing, rather than getting two separate loans.

Best regards from Moneyguru

More on this topic:
Loan refinancing explained
Loan refinancing calculator
Personal loan comparison