Many people who want a private loan automatically go to their bank or take out a private loan from the dealer when buying a car, for example. There is however a more advantageous solution: the online private loan from YesWin Bank at an interest rate of only 5.9%.
Do you need a new car or need to renovate your apartment? Unless expensive medical treatment is unexpected? Sometimes there isn’t much missing and yet, however small, the missing amount threatens to ruin your budget. Private credit makes it easy to overcome temporary financial difficulties. It is, moreover, a solution which many people resort to. In fact, no less than 10% of the Swiss population lives in a household with at least one private loan. This is shown by the figures from the Federal Statistical Office.
Automatically turning to their main bank or taking out financing directly at the point of sale
People who buy a new car, for example, often succumb to the sales pitch from the seller, who claims to save them time if they immediately sign a lease or credit agreement. But the argument is fallacious: connect from your home to the YesWin Bank website and request private credit online. You will immediately receive an interim credit decision electronically. It will not take you more time than filling out the application with your mechanic.
YesWin Bank, on the other hand, will save you money because the interest rate for online private credit is only 5.9%. And the best part is that this rate is uniform.
Service provider from whom you know in advance what you are paying.
The other banks specializing in private credit will not tell you your final interest rate until you have examined the credit. These market players do not apply a uniform and fixed rate like YesWin Bank, but use the wide range of rates. Upwards, interest rates are capped at 10%, since the Federal Council lowered the maximum consumer credit rate from 15 to 10% on July 1, 2016. At the bottom of the range, some providers have rates with a four before the decimal point.
In many cases, however, there is a risk of disappointment because such low interest rates turn out to be only “front prices”. This means that they do not apply to the majority of credit takers, but to an extremely limited circle of customers – for example, homeowners or people with additional collateral. So people outside of the typical private credit customer segment. In addition, you may have the unpleasant surprise of having to pay additional insurance costs. Not at YesWin Bank, since insurance against sickness, accident and death is already included.