Saving money has rarely been easier: The Zurich fintech LEND promises a better loan interest or there is 250 francs on hand! The comparison is worthwhile in any case.
Whether it’s insurance or a mobile phone subscription: we’re used to being able to save money by switching providers. It works the same way with loans, it just sounds a little more complicated: With a «refinancing» the old loan is replaced by a new one – preferably at lower interest rates, of course.
Lower interest rates thanks to refinancing
Because what many borrowers do not know: With every installment paid off, the creditworthiness increases and if you switch, you get better conditions – this saves money every month.
The Swiss company LEND now even rewards anyone who checks their existing credit with an offer lend.ch compares If the conditions are better, the old loan is replaced by LEND and you save over 500 francs on average – and significantly more with a large loan. If they can’t offer better interest rates, they’ll give you 250 francs! So it is always worthwhile to get out the current loan agreement.
Only three small conditions have to be met: The current loan is with a Swiss bank, the last 12 loan installments have always been paid on time and nothing has changed in your living situation since you took out the loan.
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This is how refinancing works
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on lend.ch/250 submit a loan application and, in addition to the necessary documents, also upload the old loan agreement and proof of payment for the monthly installment.
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The lend.ch team responded with a lower interest rate offer.
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The loan is rescheduled on the more favorable terms – practical: LEND takes over the replacement of the old loan.
By the way: The early repayment of the old loan is possible free of charge thanks to the regulations in the Consumer Credit Act. Only a few providers charge a small fee for processing.
Lend.ch also offers better interest rates for new loans
Even those who don’t have a loan can benefit from low interest rates lend.ch benefit. As a crowdlending provider, LEND is committed to one thing: “Making finance fair for you” – and starts with low interest rates from 3.5%.
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