Switzerland is known for being happy to grant a loan to German citizens who do not live in Switzerland. It is only a small loan. But for many consumers this is completely sufficient, as they might not get any credit in Germany. And a small loan from abroad is certainly a good alternative.
Now many people dream of such a loan. But this is not for everyone. Because, as with any bank, Swiss banks also have very specific conditions for lending. For this reason, a loan from Switzerland is unfortunately not possible for the self-employed. The Swiss banks only grant loans to employees with a fixed and very high income.
Why a loan from Switzerland does not work for the self-employed
Every bank needs collateral if it wants to grant a loan. In Germany, the Credit bureau is asked for this, which shows exactly how good or how bad the creditworthiness of the applicant is. If you apply for a loan in Switzerland, Credit bureau cannot be queried, as the data is only made available to German companies.
This means that the Swiss bank has to protect itself differently. And this is best done through income. If the bank can be sure that the income is safe and high, it can also count on the loan being serviced regularly. If this is not the case, the bank can seize the income. This is not possible with a self-employed person. It is not possible to say exactly how high the income is here, as it is generally impossible to estimate how the business will develop. What goes well for a month, you can no longer work next month. Thus, the income cannot be seen as security and the bank does not grant a Swiss loan to the self-employed.
What can be done
In order to still be able to use a loan from Switzerland, you can only take another applicant for the loan. A person who is employed and has a solid income. Perhaps the life partner is not independent and could take over this part. If the bank is satisfied with the applicant, the desired loan can be approved. However, here too the bank will examine very carefully and consider whether a loan is possible. An employment relationship does not automatically mean that you get a loan. Because every decision is made individually.