A person withdraws money from the bank that lent them money.
10.01.2023

Which financial institutions grant loans? What choice should you make? We go through the options menu with you.

There are many financial institutions that offer financing solutions. We explain the differences and how to choose the right offer.

 

Your tastes, your preferences

When you're out at a restaurant, the menu can be inspiring. 

You study the dishes, you compare the proposals, you choose the accompaniments and if your finances are a little tight, you also take a look at the prices displayed.

It all ultimately depends on how hungry you are, what you like, and what kind of restaurant you can afford. The choice is vast and the type of cuisine varied.

The comparison with a credit search approach is not that far off. 

You simulate the amounts borrowed, you compare the services offered, you choose certain options and, depending on what your budget allows, you choose a partner and a financing formula that suits you.

Let's take a closer look at the menu...

 

The Classic

Most banks in Switzerland have branches that offer consumer loans. 

However, some do not provide for this type of solution.

Rates and conditions vary regularly, but for the most part, this is a serious and professional service. Nothing that's not hard to digest. These institutions include Migros Bank, BCGE, BCJ  and Schweizer Kredit, to name but a few. 

Be careful, however, not to put all your eggs in one basket. Diversification of your financial operations is often an advantage in future negotiations.

Finally, be careful not to approach multiple financial institutions at the same time. This may limit your scope of action, as all your procedures are registered with the credit information centres.

 

The Trap Dish

The rates are tempting, the offer makes you salivate and there is nothing comparable to the menu. Too good to be true?

That's the risk. The rates applied on the market are roughly similar, so beware of lofty promises. On the other hand, if you are asked to contribute to cover 'application fees' or 'administrative costs', run away.

Our advice: don't fall into the pot. If it's too good to be true, it often is. There's nothing stopping you from doing more information, but check the company's history and don't pay anything! Failure to do so would lead to good indigestion.

 

The plate to share

What if you went through an intermediary that offers a crowdlending solution  ? In a way, private individuals or companies invest in your project. The intermediary takes a commission. 

The result is similar to that obtained by going through a bank; The capital, however, comes from a third party or several investors. In return, your creditors benefit from an interest rate close to those of the market.

This is an interesting approach and some players such as Lendora and Lend,  both partners of Milenia, offer this solution. It's a formula that's in tune with the times.

 

The Signature Dish

A blend of all the best in the kitchen at your disposal. You taste, you choose, you taste. All this, offered on an easily accessible platform, 24 hours a day, 7 days a week.

This is what is offered through a  financing platform established in Switzerland and benefiting from an unparalleled quality referencing. 

With a wide range of renowned banking partners, you will benefit from a solution tailored to your needs. Some examples of partners are BANK-now, Cembra Money Bank or Bob Finance. All are recognized and respected. A personal advisor will be able to guide you towards the best choice that respects your budget. 

Cooking time? Slow in taste but quick in execution. A financing package is offered to you within 24 hours and your file is then put together. The contract follows so that you have all the information related to the terms and conditions. Do you have a question? We're here for you.

You are accompanied every step of the way. In addition, you will be sure that the procedures will meet the legal regulations in force. Every precaution is taken to avoid a case of over-indebtedness. Your personal interests are taken into account. 

Your money is immediately transferred to your bank account.

The price? 

From the simulation to the preparation of the supporting documents file, from the submission of your file to the signing of the loan contract to the payment of the amount concerned... All of this is offered. The financing platform is remunerated through the lending partner bank. Whether your application is accepted or not, whether you change your mind during the process, or whether you decide to wait before making a decision, you will not be asked to pay any money.

The rate? No empty promises, no unpleasant surprises. Everything is clearly communicated and you benefit from the offer that best suits your personal situation and the needs of your project.

A dessert with that?

Of course! And let's plan for a quality wine as well. Complementary solutions are available in the form of a credit card with advantageous options and coverage for loss of  income is the highlight of the culinary outing.

No more joking

You will have noticed the good-natured 2of this comparison, but the information provided is objective and rooted in an experience that covers years of service with loyal customers who trust us for their credit.

A consumer loan is not something to be rushed. The process deserves your full attention and serious support from a recognized and referent platform in Switzerland.

The terms applied are of paramount importance in your choice, but at the end of the day, trust is the most valuable value when you sign a financing contract. People must remain at the centre of your interlocutor's concerns and this is a rare commodity. 

This will be the case if you opt for our support to finance your real estate project, the payment of your studies, the coverage of expenses related to your marriage or the purchase of your vehicle. Whether you are an individual or  a company director, you have the same service, the same enthusiasm.

At Milenia, our values guide our actions. At Milenia, every customer deserves personalized and committed attention. At Milenia, our sense of responsibility is at the top of our minds when we advise you and when we draw up your case.

Our mission is to improve people's lives. We are committed to this every day as long as the proposed solution makes sense, respects your reality and adds added value to the quality of your life.

Enjoy your meal!

 

 

 



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Telecommuting: flop or not?

Since the Covid pandemic, companies have multiplied remote working methods. The most widely used is telecommuting. Two years later, has this method been successful?

 

Let's take a step back

During the lockdown, the world of work experienced a real shift.

Companies had to adapt and various means were put in place to ensure the continuity of services, sales, and the very functioning of the organization.

Do you remember?

The famous cardboard box filled with a computer, a mouse and a screen that the employees took home...

We somehow settled down somewhere in our apartment or our house.

The less fortunate had to sit on an old table at the back of their bedroom.

Children screamed in the background and parents had to juggle their work responsibilities with those of being a mother or father.

Ah... What wonderful memories!

In addition, the schedules became confused. There was no beginning and no end. We were already connected before, but now the workplace had invited itself into our home, into the family, into our home.

However, not everything had to be thrown away.

The doctor's appointment, the receipt of the Zalando package, the visit of the plumber... What required us to take time off or organize ourselves differently simply fit into his work schedule, on site.

Above all, no more time wasted on the road or on the train. We earned two hours of our living every day. That's no small feat...

We weren't the only ones. Hundreds of millions of people around the world, by obligation or freely, switched to this new way of working.

It was necessary to put in place state-of-the-art technological and IT infrastructures to enable more secure virtual exchanges of information via videoconferencing or e-mail.

It was necessary to set up a teleworking policy to give directives on working hours, the availability of employees and managers so as not to be too intrusive in private life.

Finally, regular reviews were required to assess the effectiveness of telework policies and gather feedback from employees.

The big winners? Zoom, Teams, Skype, Webex... It was a good time and the number of users exploded

 

Video conferencing platforms

In order to establish clear and effective communication channels, it is necessary to have instant messaging and video conferencing tools to maintain smooth communication between team members. This transition is being made by different players who bring specificities specific to each sector.

You may have seen that.

Some companies will use the Zoom platform, which allows simple video conferences with a discussion thread, which is easy to use and not very connected to other services.

Others will use Microsoft Teams or Webex, which offer more integrated and secure business solutions.

Skype and Google Meet round out the market leaders, at least in Europe.

 

And what about employers?

The main fear of some employers during this pandemic?

Decreased productivity.

The prevailing thought was that employees, less supervised than before, would work less given this new organizational freedom.

The endless breaks, the last-minute shopping, the Netflix binging...

We're not going to lie, the majority of teleworkers have taken advantage of this to better combine professional and personal needs.

There have been many productivity studies, too many to mention here.

In the end, productivity dropped slightly on average, but this varied enormously depending on the functions and responsibilities.

Profiles whose tasks were recurrent completed their work more quickly and, not needing to do more, to take advantage of the time available to go about their personal business.

Others worked even harder, especially early in the morning, late at night, or on weekends.

Where some managers suffered from a lack of supervision (monitoring?) of their teams; Some employees did not take well to the distance, the lack of clarity on the establishment of rules... All of them missed interpersonal relationships and this may have impacted the corporate culture and sense of well-being.

In conclusion, there is neither one statistic valid for everyone nor a representative feeling of all employers and employees. However, there is no doubt that the world of work has changed and the effects continue today.

 

Exactly. And today?

Companies are adapting to the demands of employees, especially young people entering the workforce.

They demand flexibility, adapted schedules and, yes, telecommuting.

In Switzerland, the job market is in favour of job applicants. Companies must therefore remain attractive and take these demands into account.

Companies are implementing hybrid work modes that allow the employee more time to work from home but require them to be present for a certain number of days in the office. Again, there is no single rule.

Some organizations simply refuse the principle of remote work.

Others impose a fixed day of attendance.

Some leave the choice to their teams.

One thing is for sure, remote work is here to stay, in one form or another.

More than controlling productivity, more than managing teams and workloads, the real challenge is to keep the links between employees, to ensure proximity between managers and their teams.

Finding a balance between the attractiveness of the employer brand, individual well-being and the needs of the company; This is where the effort must be directed for the future.

 

At work and at home, Milenia is always available

Accessing credit through our financing platform has never been easier.

Everything is within your reach, with customization according to your projects, we accompany you from start to finish so that your projects can see the light of day.

For your personal loan, we offer the best market conditions with 0 application fees. Everything is designed to make your life easier.

Your loan application can be done entirely remotely, with support from your personal advisor or both at the same time.

The flexibility, adaptability, personalization of your offer... All of this is embedded in our approach and services.

As the leading credit player in Switzerland, place your trust in us so that your personal dreams and projects come true.

 

 

 

 

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Loan illustration: loan of CHF 10'000. Effective annual interests rates between 4.9% and 11.95% over a 12 month period lead to total interests of between CHF 261.80 and CHF 624.80. Duration: 6-120 months; Maximum annual interest rate (including all loan handling costs) 11.95%. Loans approval are prohibited if they lead to excess debt for the consumer. (Art. 3 LCD)

 

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