The services of Good Finance are currently only available in German. French and Italian versions are planned.
good finance private loan
Traditional instalment loans
Effective annual interest rates ranging at 6.9%, 7.9% or 8.9%
Loan amounts from CHF 5,000 to CHF 80,000
Lend offers repayment terms of 12 to 84 months
Special features good finance loan
Good Finance offers separate insurance for unemployment and incapacity for work. The maximum amount per insured claim is CHF 1,500 per month for a maximum of 12 months.
It is also to possible to take out payment protection insurance for the event of the borrower’s death.
You are required to notify the lender of any change of address.
Customers from the Principality of Liechtenstein will not be granted a loan.
Payments are only made to a Swiss bank account.
Interest statements are free of charge. All address enquiries, reminder fees and collection expenses are charged to the customer.
Early repayment is possible at any time free of charge.
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 However, lenders do not publish their full lending and interest rate criteria.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.