bob Finance loan
Traditional instalment loans
Effective annual interest rates ranging from 5.9% to 10.9%
Loan amounts from CHF 1,000 to CHF 80,000
Repayment terms from 6 to 120 months
bob Finance loans product features
bob Finance AG gives you the option of purchasing payment protection insurance to cover involuntary unemployment, disability, illness, accident or death.
You can provide identification by presenting your personal ID card at a k kiosk.
Collection expenses and debt enforcement costs are charged to the customer.
bob Finance loan approval
The actual interest rate for your loan will be determined after the application is submitted.
Compared to other lenders, bob Finance AG tends to have stricter lending criteria. It will not approve loans for pensioners, self-employed persons or temporary employees.
Lenders do not publish their full lending and interest rate criteria.
Our loan comparison provides an overview of the interest rates offered by other lenders.
1. Protection from over-indebtedness
The Consumer Credit Act applies to loans of up to CHF 80,000. For loans above this amount, consumers are not protected by the Consumer Credit Act. Calculate approximately how much you can afford to borrow.
2. Choose repayment term
The benefit of a longer repayment term is that the monthly instalments are lower. The longer the repayment term, however, the higher the total cost of the loan.
Nevertheless, it is advisable to plan realistically and, in particular, budget for irregular and unexpected costs.
You can pay off (amortize) the loan earlier at any time, which will reduce the cost of your loan.
3. ZEK and credit check
The Central Office for Credit Information (ZEK) is a platform for banks to exchange information on the credit standing of their clients. The ZEK registers all information on transactions involving personal loans, car leases and credit cards. If anybody promises you a loan without involving the ZEK, this is usually an untrustworthy lender.
Learn more about credit score.
4. Eligibility criteria
Each lender specifies his own risk and approval criteria, which are not or only partially communicated to customers or the general public for security reasons. Visit loan eligibility criteria and applying for a loan for more information.
Did you know…
Each loan provider assesses your profile differently.
Around 50% of loan applications sent directly to lenders are rejected.
If your application is rejected, you usually won't learn the reason why.
Every rejected loan application is registered with the ZEK and can be viewed by member lenders for a period of two years.
Increase your chances of getting a personal loan: Comparis works with Credaris to improve the provision of independent advice on the Swiss credit market.
Credaris reviews the client's individual situation in detail and negotiates with lenders to get the best deals available on the market.