Do you receive an AHV or IV pension and would like to obtain a personal loan? Find out about the conditions, interest rates and steps to follow to maximize your chances of getting a loan in Switzerland.
Why is it more difficult for annuitants to obtain a loan?
Banks assess a borrower's creditworthiness mainly based on the stability and amount of their income.
For beneficiaries of AVS/AI pensions, fixed income is often perceived as less secure than a regular salary. In addition, certain age restrictions can also make it difficult to obtain a loan.
However, this does not mean that access to private credit is impossible.
By knowing the eligibility criteria and carefully preparing your application, you increase your chances of obtaining suitable financing.
The conditions for obtaining a personal loan as an annuitant
In order for your credit application to be accepted, you must meet certain essential criteria:
- Your pensions must amount to at least CHF 3,000 per month
- You do not receive additional benefits or daily allowances
- You are not over 70 years old
- You have no ongoing lawsuits (certificates of default included)
- You are not placed under curatorship
At Milenia, we analyse your situation carefully and present your application transparently to our credit partners. This helps to optimize your chances of getting a suitable offer.
What about contract durations?
Banks in Switzerland usually set an age limit for repaying a personal loan, specifically the year you turn 64.
However, one of our partners can accept contracts of up to 70 years.
For AHV pensioners, the maximum duration of the contracts is generally 36 months.
What are the interest rates for beneficiaries of AVS/AI pensions ?
Interest rates for a personal loan for beneficiaries of AVS/AI pensions generally vary between 7.9% and 10.95%.
What documents should you prepare for your loan application?
To build a strong case, prepare the following documents:
- A copy of your Swiss ID or residence permit.
- The last three bank account statements showing the receipt of the annuities.
- A copy of the official certificates of your pensions (AHV or IV).
- Your rental lease (if tenant) or mortgage agreement (if owner).
- Proof of your health insurance premiums (KVG) for you and your family.
Depending on your personal situation, additional documents may be required, for example in the case of alimony (divorce decree or maintenance agreement).
What to do in the event of a negative solvency?
Banks consult various registers to check the creditworthiness of applicants.
If you've encountered payment incidents or lawsuits, your claim may be compromised.
To avoid refusals and preserve your file, call on Milenia. We will be able to analyse your situation and advise you on the most appropriate steps.
Why choose Milenia?
Not all banks accept loan applications from beneficiaries of AVS/AI pensions.
To avoid successive refusals and the risk of negative entries in the register of the Central Credit Union (ZEK), it is preferable to call on Milenia, which is the Swiss credit platform.
Thanks to our network of partners and our expertise, we help you obtain a personalized and advantageous offer within 24 hours.