What conditions must be met to apply for a personal loan in Switzerland?

  • You are between 18 and 68 years old
  • You are of Swiss nationality
  • Or you are in possession of a:
    • C, B or L residence permit
    • G residence permit (cross-border permit) valid since 3 years
    • Legitimation card

If you meet these criteria, you are then eligible for a personal loan in Switzerland.

Some blog articles on the subject :

  • How to obtain a personal loan in Switzerland as a cross-boarder worker?
  • Personal loans for foreigners holding C, B or L residence permits. What are the conditions?

What could cause a loan request refusal?

In Switzerland, the following conditions lead to automatic refusal:

  • You are unemployed
  • You benefit from health or accident related insurance allowances
  • You are being prosecuted for unpaid bills
  • Acts of defects of property

If you meet one of these criteria, you will not be allowed to have a loan. You must first improve your solvability. Our debt clearing department can help you with this.

Some blog articles :

  • Loan refusal. What can I do?
  • The main causes leading to loan request refusals.


How does a bank decide to agree to a loan request?

Banks establish a scoring. It is a notation based on the history of your payments, loans, old and new, credit card history etc. This leads to either negative or positive scores. Other information is also included and depends from bank to bank.

Once the scoring is established, the bank calculates your budget. Your budget is based on your family income, monthly commitments and expenses (ongoing loans, credit cards, rent, child care costs etc.) The positive spread between your income and your expenditures (your budget) determines the maximum amount you are allowed to borrow.

Milenia has long standing experience within the banking sector and can handle to your loan request directly in your name. This will increase your chances for loan approvals.

What is scoring?

Scoring can be compared to the meaning of « customer quality ratio ». In order to assess this, banks go over your loan payment history, car leasing, credit card history etc. Banks will analyse invoice payments by using databases such as CRIF for example. Banks will also take into account previous loan refusals saved in the loans central databank. That is why it is important to apply to a bank which most suits your personal situation.

What is the use of scoring?

Scoring will mainly determine the rate applied to the loan granted. The higher your scoring, the lower your rate. Milenia can help you with your scoring. We choose the best suited bank and aim for the loan offers which have the best rate-quality ratio.

What does Milenia do when you apply for a loan?

Once your request has been made through our website (link on form), our advisors reach out to you to understand your expectations for your project (length, precise amount, rates etc.)

Milenia then calculates your budget based on the documents handed over. This can vary from bank to bank as they don’t all apply the same calculation methods (variations appear in average transport costs, minimum rental amount, health insurance evaluation based on the type of services). Once the budget is set, Milenia will check your scoring based on the selected bank and the loan request. We take the necessary steps to ensure you have the highest possible rate of success.

We then move on to preparing your application and send it to the bank. We will have advised you on the choice of bank so as to avoid a refusal being added to the ZEK centralised loan request databank.

It takes up to 48 hours for the bank to communicate its decision. Upon approval, the contract is sent to you via email, post or both. We are also available at one of our offices in Lausanne, Fribourg or St-Prex.

A refusal can be spurred by a late payment or old data linked to solvability which still appears under your name. Our debt clearing department can, upon your agreement, «clean» these no longer pertinent lingering information from the database so that you have a high rate of success with your application.

I have a ZEK code. What is it?

ZEK codes are payment « annotations » relating to your loans, leasings, both old and new. They define your « payment quality » which, in turn, influences your scoring.

Some ZEK codes:

  • 02 Regular payment of your loan. Reimbursements on time or in advance.
  • 03 Delay in the payment of monthly installments.
  • 04 Payments not respected. Restructuring of payments being discussed.
  • 05 Loan payment stopped. Contracts has not been reimbursed.
  • 09 Fraud. Falsified data.

Codes 05 and 09 block future loan requests.

Does my age influence my loan application?

Yes your age influences your scoring. Up to 25, the client is considered as young and that makes loan application approvals harder. Scoring is stricter for younger people who have a job in order to avoid them raking up debt. Any application must be well prepared before making the application to a bank.

The age is a systematic refusal criteria for people under 18 and for people who are retired (exceptions made for people up to 70 years of age in some cases).

If I have had cases of prosecutions for late or non-payments, can I apply for a loan?

If the amounts related to the prosecutions have been paid in full and the cases closed, a loan can be granted. It is nonetheless paramount to prepare your request well to ensure that all risks are avoided. Milenia can analyse your file and make sure it meets the bank’s requirements in order to maximise your chances.

If your cases are still open, the loan request must be put on hold. A refusal would appear in the database used by all banks in Switzerland. Cases must be dealt with first before making a loan request in the future.

Once cases are closed, Milenia can also support you in clearing any outstanding debt. A clean-up of your history in the CRIF database and updating your solvability status is advised.

I have AVS or AI allowances. Can I make a loan request?

Yes. In Switzerland, it is possible to get a personal loan if you are the beneficiary of AVS or AI allowances. As you no longer have a work contract, the bank will only base itself on your allowance certificates and establish your budget based on these documents (bank statements are valid also).

Loan for C permit holders

If you have a C permit, regulations applied are the same as if you were Swiss. You can freely apply for a loan.

Loan for B permit holders

If you have a B permit, you can apply for a personal loan. You must however be a resident of Switzerland for at least 1 year (6 months in some cases). Once this period is passed, regulations applied are the same as if you were Swiss.

Loan for cross-border workers

Do you live in France but work in Switzerland? Do you hold a G permit?

In both cases, you can apply for a personal loan. However, the paperwork is heavier (utilities invoices, French and Swiss bank statements etc.) It is also mandatory not be blacklisted at the Banque de France. A certificate to free up the funds will be asked of you.

If you hold a G permit, its validity must be at least 3 years before you make the loan application.

Some blog articles :

  • Procedure and documents needed by a cross-border worker to apply for a loan?

Loan for legitimation card holders

If you work in Switzerland and hold a legitimation card (CERN, Consular activities, Non governmental, Non-profit etc.) you may apply for a personal loan. The bank will often request a certificate attesting to your income as well as bank statements relating to your salary (salary slips are sometimes not provided by such institutions). Other than these requests, the conditions are the same as if you were Swiss.

Loan for independents


To apply for a personal loan in Switzerland, you should, in principle, be in possession of a work contract. However, it is possible for an independent worker to apply for a loan. Either as a contracted worker for your own company or as an independent. To evaluate your budget, the bank will base its analysis on your latest tax assessment as replacement for salary slips.

What conditions should be filled in order to clear your debt?

Before making a debt clearing request to Milenia, please make sure the following conditions are met :

  • you reside in Switzerland
  • your are over 18
  • you have a monthly source of income of over CHF 2'000.- (benefits, job, allocation etc.)
  • your have no wage garnishment

What conditions could lead to a refusal of debt clearing?

In the following cases, we would unfortunately be unable to offer our services :

  • wage garnishment
  • you do not reside in Switzerland

What is the aim of debt clearing?

We aim to :

  • stop recall letters
  • avoid seizures and prosecution
  • regroup debts into one monthly installment
  • allow you to keep your head above water and worry less

What are the steps to undertake to begin clearning your debt?

All you have to do is hand us over :

  • all your personal information (income, expenditures, etc.) using our request form,
  • all information relative to your debts, including documents to prove it (invoices, status, contracts, etc.) as well as documents detailing your income (salary slip).

What does Milenia do to clear your debt ?

We regroup all of your backlog and debts into one.
We design a clearing plan which takes your budget into account.
We apply one monthly installment adapted to your means and start clearning your debt.
We are available at any time.

How much does debt clearing cost?

It all depends on your case and the number of creditors. That being said, and there are no exceptions, our prices are always adjusted to be below those applied in the context of a personal loan.

As soon as we are in possession of all of your information and documents, we will present our cost estimation in a detailed and transparent manner. There are no hidden costs. Everything is included in your monthly installment.

Is it possible to terminate the debt clearing mandate?

You are never bound to our mandate. We have the legal & moral obligation to carry out our job to the best of our ability. You are free to continue or stop your debt clearning any time you choose.

What are the benefits of debt clearing?

  • Your debts are stopped and creditor recalls are put on hold.
  • You now have only one contact person who exercises no judgment.
  • You can opt-out at any time.
  • You will not run up debt.
  • Confidentiality and discretion are guaranteed. We do not reach out to anyone outside the scope of your creditors.

Cleaning your solvability data. Why?

Cleaning your data allows the following:

  • It erases your negative code present in the various creditor databases.
  • It avoids unpleasant surprises during your operations such as refusal of a loan application, housing application, leasing application or credit card cancellations for unknown reasons.
  • It reinstates your solvability and allows you to start over with a clean slate.

What are the conditions to fill to clean my solvability data?

In order to benefit from our Zeka Vista service, the following conditions must be met:

  • Reside in Switzerland.
  • Be 18 or over.
  • Be up to date with your invoice payments.

Should you fill these obligations, we can help you clean your data.

What are the reasons of refusal?

We can unfortunately not clean your data if:

  • You have open debt payments.
  • You have gone bankrupt and the process is still ongoing.

What are the steps to undertaken a Zeka Vista mandate?

All you have to do is hand us over all personal information (income, expenditures etc.). You can use our application form.

We will then send you a proxy to be signed and sent back so that we can represent you. You will also need to send an extract of your local prosecution office and that’s it. We will handle the rest. After cleaning your solvability data, we will send you a final report by mail.

What does Milenia do within its Zeka Vista mandate?

We gather your old data and we update it.
We clean old prosecution proceedings. Instead of « paid » as a remaining reference in the databank, we ensure the log is erased.
We also negotiate your payment codes and update them if unjustified.
We basically improve your solvability rating.

What are the advantages of the Zeka Vista service?

  • You will be dealing with experts in the field of solvability. We know how to expunge prosecution proceedings, even in complex cases.
  • We clean your codes in the database for a fixed fee. The number of inscriptions doesn’t influence our price.
  • You are again considered as solvable.
  • Confidentiality and discretion are guaranteed. We reach out only to your creditors. Nobody else.
  • It allows you to start over with a clean slate.

What are the costs of a Zeka Vista mandate?

Costs for the analysis and details of your solvability data (Prosecution proceedings office, Cresura, CRIF, ZEK) amount to CHF 299.-
Costs for a complete analysis and clean-up of your solvability data amounts to CHF 499.-.
You can start with the first option and, should you wish, confirm the second option too by paying the cost difference once you have made up your mind.

How can I avoid monthly loan installments should I be made redundant?

Should you lose your job, monthly loan installments can become an issue. Milenia offers two solutions to protect your interests:

  1. Add an insurance clause to your loan contract to cover your installments. This insurance (PPI) is linked to your loan and covers the exact monthly installment amount. In case of redundancy, your monthly installments are covered by your insurer for the duration of your redundancy period.
  2. Subscribe to a complementary insurance policy which covers you in case of unemployment. More economical, this type of insurance offers the added advantage of not being linked only to your loan. Each month, you are entitled to the amount defined in your policy. This allows you to cover your loan as well as other expenditures.

All unemployment insurance coverage details are here.