A man and a woman serve each other in each other's arms at their dream wedding!
23.01.2023

Take out a loan. When, why, how?

Whatever your project, a personal loan may be the solution. Sometimes misperceived, this form of financing is nevertheless fast, secure and flexible.

 

When?

When you take out a loan, the necessary steps are taken during the preparation of your file to ensure your creditworthiness.

The credit industry is highly regulated. The conditions for accepting your application are based in particular on a high degree of confidence in your ability to repay the amount borrowed within the agreed time and under the contractual conditions.

So when can you take out a loan?  

At any time as long as you are of legal age and provided that you have a sufficiently healthy financial situation to take out a loan.

In addition, there is the obligation to have an income, of course, and to work in Switzerland. If you are married, your spouse's information will also be collected and taken into consideration.

Do you have to wait a long time for an answer?

No, the process of drawing up the supporting documents is quick and the answer is provided immediately allowing you to sign the credit agreement and collect the funds in your bank account. 

 

For what?

For any personal project that requires financial support. This support can compensate for a lack of cash flow or allow you to avoid drawing on your reserves by benefiting from a repayment solution spread over time.

For any project?

Yes, for any project. Credit offers the advantage of not being dedicated to an investment that must be justified through a contract, invoices or a project. In other words, you are free to use the amount advanced as you see fit, according to the needs identified.

For a project related to my company?

Also. Individuals, as well as self-employed persons or business owners, can take out a personal loan or a business loan without constraint for one or the other; apart from the study of your file as explained above

So if I want to paint my house neon yellow or buy a crocodile, can I?

In principle, yes. However, we advise you to review the colour so as not to upset your neighbours and to check with the health authorities if you are allowed to import a crocodile.

Let's list some concrete examples of the most frequently encountered scenarios:

  • Vehicle purchase.  The buyer prefers to opt for a loan rather than a lease.
  • Real estate project. A couple wants to renovate the apartment and redo the kitchen.
  • Financing of studies. The student has to finance his enrolment in the school of his choice and lacks cash flow because he does not have an income. His parents can do what is necessary.
  • Wedding financing. The bride and groom want the ceremony and party of their dreams. It's a magical moment that they hope will be unforgettable.
  • To simply cope with unexpected loads. An unexpected bill, an unbudgeted repair, undervalued taxes... There are many examples of unpleasant surprises. Sometimes you just need a boost.

For SMEs, it is essentially a compensation for missing cash flow or a supplement to the investment budget to modernise a work tool. 

 

How?

It couldn't be easier.

All you have to do is simulate your personal loan on a financing platform such as the one offered by Milenia. You will have the opportunity to:

  • Simulate your loan by entering the desired amount and the term. The best available rate will be proposed, leading to a calculation of your monthly payments.
  • Be aware of the administrative measures to be undertaken. They are not cumbersome but necessary for the proper preparation of your file.
  • Browse credit-related articles; Articles that cover a variety of topics such as the possibilities of refinancing or refinancing your loan, the banking partners who lend the money, the protection of your personal data, the rates applied, credit compared to leasing etc...
  • Discover the many testimonials of customers who have been able to use the services offered by Milenia.
  • Find out about the unemployment insurance offer  that allows you to  compensate for the loss of income due to job loss; compensation that would help you repay your financial obligations.

 

Who?

Indeed, after deciding when, for what and having understood the how, you still have to make a choice with regard to your financial partner.

This is therefore a crucial issue as trust and transparency play a key role in the level of quality of the service provided to you. After all, it is indeed a financial commitment on your part that deserves the full attention of your interlocutor as well as wise and benevolent advice.

The best choice is proximity and experience. To be able to rely on "Made in Switzerland" expertise and to be able to rely on know-how that has proven itself over time.

Milenia offers this. A financing platform located near Lausanne and with a team dedicated to the realization of your projects, the company enjoys an excellent reputation in the consumer lending sector. This is reflected in the continuous growth of its business and the level of satisfaction of its customers, as evidenced by Proven Expert.

Still not convinced? There's no harm. Comparing offers is healthy and we encourage you to do so. Be careful, however, not to open credit requests in multiple places at once; this is not well regarded by banks that have access to databases such as ZEK. These register requests for loans. Too many applications decrease your chances of acceptance.

Also be wary of providers who require payment to cover administrative costs or who do not have an extensive network of banking partners.

You should know that you are in no way obliged to provide for advances on costs and that the entire process of applying for a loan must be completely free of charge. The platforms are paid by the lending bank, so don't fall for it.

At the end of the day, your desire to take out a loan is intended to make your life easier, not more complicated. So don't take any unnecessary risks and opt for a service rooted in transparency and industry best practices. If you have a question, simply contact your personal advisor within Milenia; either through the platform or by calling directly. 

Your advisor will be able to ask you the right questions and advise you clearly, in your native language and with your interests in mind.

 

 

 



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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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