Applying for a loan brings its share of questions. Our team has the answers.
Let's set the scene first.
You need a personal loan to finance your new kitchen. The custom-made countertops, the built-in hood, the marble worktop, the ultra-modern appliances... All this comes at a price, but you have made up your mind and your monthly budget allows you to take out a loan.
You do your research, you simulate your loan and everything seems clear. However, there are some questions that are on your mind, so you can take the opportunity to ask your personal advisor.
The latter is well aware of the progress of your file and takes care to answer you in detail.
I'm willing to build a credit file, but why are you asking for my detailed account statements?
The reason is simple. This is a mandatory criterion in the constitution of your file. Our wish is to maximize your chances of acceptance. Your statements support this approach.
How?
Your statements allow you to verify certain transactions, especially those abroad or with beneficiaries who represent a risk to your finances.
What are the risks?
Let's say you make regular payments at a casino. This would not be a reassuring factor for a financial institution that lends you money.
Betting is legal but as far as we are concerned, we are not playing with your future or the reputation of our banking partners.
Ok, but why are you also asking me to add my spouse to my credit application?
In this case too, the spirit of the approach is to strengthen your credit application file.
By increasing your budget capacity, you have a better chance of having your request accepted. The accumulation of salaries and/or pensions can be a determining factor.
If there are two of you, the same logic applies to dividing your expenses, which also improves your bottom line.
This reflects your reality, so we only reproduce it in your file, to your advantage.
And if I insure my monthly payment, does that work in my favor to get an agreement from the bank?
Are you talking about our Income Protect solution? This is an insurance policy that covers your monthly payment in the event of involuntary unemployment or an accident. It's an interesting cover that's worth considering.
On the other hand, this does not affect whether or not you obtain a loan from our banking partners. Other criteria, such as your creditworthiness, are more decisive.
What if I want to repay my loan before the due date? Is this possible?
This is perfectly possible. Fees are minimal or non-existent, depending on the bank.
You can decide to pay back a little more each month or pay off the remaining amount all at once. The choice is yours.
This is a notable advantage of financing in the form of consumer credit.
What would be the reasons for the bank's refusal?
Our role is to put together an application that has a maximum chance of being accepted.
That's why our financing platform has an excellent reputation.
From the outset, applications from people who are not professionally active in Switzerland, who have not reached the age of majority, who are registered for prosecution or who simply do not submit the required supporting documents are rejected.
Our analysts study each file to be sure of the right degree of creditworthiness and search databases relating to your financial history.
Of course, we cannot guarantee that your application will be validated. This is a right reserved for the lender, in this case the bank. The Commission may adopt new selection measures or new analysis criteria at any time.
What if I spread my repayments over a longer period of time?
This reasoning is understandable. However, it is important to know that the two key factors when studying your file are your budget and your degree of creditworthiness.
The repayment period is taken into account but is not decisive.
I'm assuming you choose the lending bank based on your commission?
This is a perfectly valid question. Like any platform, we have business relationships with our partners
However, you are our customer!
Our teams are responsible for meeting your needs. We are working in this direction as a priority.
Of course, we owe a duty of care to you and our partners. The preparation of a file must be fair and equitable.
It is in the interest of all three parties to cooperate so that you, the customer, have a balanced credit offer that is competitive under the conditions applied and complies with the laws in force.
But by the way, could I apply directly to a bank?
Banks call on our services because we have expertise in the constitution and analysis of files. This task saves you time, simplifies administrative procedures and reduces the risk of refusal.
It is also important to note that the multiplication of credit applications is indicated in the ZEK database. This database serves as a source of information for lending banks, insurers and other financial institutions. These institutions take a dim view of several pending applications and consequently refuse the credit application.
Going through our platform eliminates this risk. In addition, our services do not generate any costs for you. They are paid by our partners.
So why choose you over another financing platform?
You're right to do some market research. Taking out a loan is a contractual commitment that deserves careful consideration.
If we are the largest financing platform in Switzerland, thanks to our association with credaris, it is for reputational reasons.
Milenia is recognized for its human approach, its professionalism, a strict application of federal regulations and its mission is to put our loyal customers at the center of every action carried out.
This reputation is built over time, with our partners who trust us, and with our customers who show us their gratitude.
Simulate your credit on a platform such as Milenia, talk to your personal advisor and benefit from tailor-made support and expertise that meets your expectations and commitment.
If you have any further questions, feel free to visit our blog or visit us in person; we'd love to hear from you!
