123CREDIT

Requirements for a Personal Loan

As a specialised credit broker, 123CREDIT GmbH supports individuals in Switzerland with the professional application and arrangement of personal loans.

In order to successfully review a credit application and forward it to our financing partners, certain legal and banking requirements must be met.

Basic Requirements

  • You are a natural person aged at least 18 years.
  • Your permanent residence is in Switzerland.
  • You have a regular income from a permanent employment relationship.
  • You hold a personal Swiss bank account.
  • You have a valid private email address and a reachable mobile phone number.
  • Your credit rating is positive and there are no open debt enforcement proceedings or serious negative entries.

The final assessment is always made by the respective credit institution in accordance with the applicable legal requirements, in particular the Consumer Credit Act (KKG).

Responsible Credit Brokerage

123CREDIT GmbH attaches great importance to serious and sustainable credit brokerage. Financing may only be granted if it is economically viable for the applicant and does not lead to over-indebtedness.

Three Steps to Your Personal Loan

1

Submit Online Application

Via www.123credit.ch you can submit your non-binding credit request digitally. You specify the desired loan amount and the desired term. Optionally, you may include residual debt insurance in your application. Based on your details, an indicative calculation of the expected monthly instalment is provided. 123CREDIT GmbH's credit brokerage covers, depending on creditworthiness and partner bank, financing amounts from CHF 4,000 to CHF 500,000 with terms between 6 and 120 months.

2

Pre-Review and Feedback

After receipt of your application, a structured pre-review of your details is carried out. You will receive prompt initial feedback on the general feasibility of financing. The definitive credit decision is subsequently made by the responsible credit institution.

3

Document Review and Disbursement

After submission of all required documents, the credit institution carries out the final review. Upon a positive decision and after expiry of the legally prescribed withdrawal period of 14 days, the approved loan amount is transferred directly to your Swiss bank account.

Note

123CREDIT GmbH acts exclusively as a credit broker. There is no legal entitlement to the conclusion of a credit agreement. The granting of credit is at the sole discretion of the cooperating banks and financial institutions.

123CREDIT

Granting credit is prohibited if it leads to over-indebtedness of the consumer (legal information pursuant to Art. 3 UWG).

Effective annual interest rate: 4.7%–9.95%. Representative example: Loan amount CHF 10,000, term 48 months, effective annual interest rate 7.9%, monthly instalment CHF 242.05, total cost CHF 11,618.40. Interest rates from 4.7% for homeowners. 123CREDIT GmbH is a licensed credit broker (not a lender) under the Consumer Credit Act (KKG).

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