cashgate personal loan
Traditional instalment loans
Effective annual interest rates of 3.9% to 9.9%
Loan amounts from CHF 5,000 to CHF 250,000
Repayment terms from 12 to 84 months
The lender is Cembra Money Bank AG, based in Zurich.
cashgate personal loans features
The special interest rate of 3.9% to 5.9% applies to homeowners and condominium owners who occupy their property themselves in Switzerland.
Individuals with a higher risk profile, such as self-employed persons or retirees, are excluded from credit approval.
In the event of death, the outstanding debt is insured up to CHF 60,000.
With cashgate, a fee-based instalment payment protection insurance can be taken out, covering involuntary unemployment, disability, illness, accident, or death.
Any change of address or name must be reported.
All collection fees, debt enforcement costs, and special services will be charged to the customer.
The final interest rate is determined during the application process based on clearly defined criteria. However, the approval criteria are only partially publicly available. Whether you receive a loan 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.