PRIVATE LOAN
Loans from cashgate
As well as its own branches, cashgate, a Cembra Money Bank AG brand, has partnerships with Raiffeisen banks as well as numerous Swiss cantonal and regional banks. It offers traditional instalment loans at fixed interest rates as well as special loans. Despite the acquisition of cashgate by Cembra Money Bank mid-2019, cashgate loans continue being offered and processed under the cashgate brand.
cashgate personal loan
Traditional instalment loans
Effective annual interest rates of 7.95% to 11.95%
Loan amounts from CHF 1,000 to CHF 250,000
Repayment terms from 6 to 84 months
The lender is Cembra Money Bank AG, based in Zurich.
cashgate personal loans features
cashgate offers a payment protection insurance product called cashgatePROTECT. This covers your instalment payments in the event of unemployment, disability and incapacity for work due to illness or accident.
Residual debt insurance in the event of death is included.
All Raiffeisen banks, most cantonal banks and selected regional banks exclusively offer cashgate loans.
You are required to notify the lender of any change of address.
If you move abroad, you must notify the lender of your address and settle the outstanding debt in its entirety.
All fees for address searches, collection expenses, debt enforcement costs and payment reminders are charged to the customer.
Regular interest statements are issued free of charge.
Additional statements cost CHF 25 each. The amount is paid into a postal or bank account in the name of the applicant/borrower.
In exceptional cases, cashgate offers loans for amounts greater than CHF 250,000.
Since the criteria are clear, you know what interest rate you will get before you apply for the loan. However, lenders do not publish their full lending and interest rate criteria. Whether your loan will be approved depends on your personal situation.
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.