Credit application

If you want to apply for a personal loan in Switzerland, you are faced with an important financial decision. There are certain requirements and conditions attached to the loan, so it is important to be well prepared and understand the requirements and the process.

In this guide, you will learn which documents you need to apply for a loan, which requirements you have to fulfil and how the online instant loan works. This way, your loan application will also be successful!

Credit application

What documents do I need to apply for a loan

Regardless of whether you want to apply for a personal loan directly on site in the branch or for an online loan in Switzerland - certain documents are required for the loan application in order to check your financial situation and assess your creditworthiness.

  1. Valid proof of identity: To confirm that you are of age and your identity, the bank requires a valid identity card or passport from you.
  2. Residence permit, if applicable: If you want to apply for a personal loan in Switzerland without Swiss citizenship, you must have a valid B, C or G residence permit and be employed in Switzerland.
  3. Copy of your last three pay slips: To obtain your desired loan, you usually also have to prove the amount of your income by providing your last three pay slips. This way, the bank can check whether your monthly income is sufficient to repay the loan amount and debt interest.
  4. If applicable, proof of self-employment income: If you are not employed but self-employed, the bank will need further documents such as profit and loss accounts or corresponding tax returns to check your financial situation.
  5. Bank statements: Often, the bank may also ask for your bank statements to verify your monthly income and expenses.

But why do banks and lenders require all these documents? The reason is simple. The law stipulates that the bank must conduct a thorough credit check before granting a loan. This check primarily serves the security of the borrower.

Basically, lending is prohibited if it would lead to over-indebtedness. After all, a personal loan is supposed to enable you to make larger investments that you will enjoy and not plunge you into debt. For this reason, there are certain credit requirements that must be met in order to receive a positive credit decision - these include, in particular, the submission of the above-mentioned documents.

What do I have to fulfil in order to get a loan?

In addition to the required documents, you must also fulfil other conditions for the successful granting of a loan. A decisive factor here is your creditworthiness. Creditworthiness - also called credit standing - is the ability of a person to repay financial obligations such as personal loans or credits on time and in full.

In addition, creditworthiness is also of great importance to prevent over-indebtedness. Therefore, this condition is also firmly anchored in the Swiss Consumer Credit Act. You are creditworthy if you can repay the borrowed credit amount as well as the interest within the term. However, this does not refer to the loan amount alone, but to the total cost of the loan.

To determine your creditworthiness, your monthly income and expenses such as rent, health insurance and other monthly costs are compared. Only if you have a financial buffer after deducting fixed costs can you expect a positive credit decision.

In addition to a sufficient credit rating, you must meet the following requirements for your loan application to be granted:

Conditions for granting a loan application

What does a credit application say?

To obtain a personal loan, you must first submit a loan application. In this application you have to provide various information that is important for the evaluation of your credit application and calculation of the repayment modalities.

  • Personal information:
    • Your first and last name and date of birth.
    • Your home address and e-mail address.
    • Your citizenship or residence status in Switzerland.
    • Your marital status (single, married, divorced).
  • Information about your finances:
    • Your professional situation, such as your employer, your employment relationship and your monthly income.
    • Information on your current housing and family situation regarding renting or owning.
    • Information on other existing loans or liabilities such as insurance, education costs or other fixed costs.
  • Credit Details:
    • The desired credit amount.
    • The desired credit period.
    • Your bank account details for the transfer of the credit amount.
    • If necessary, you can also take out instalment protection, which covers you in the event of unforeseen unemployment through no fault of your own.
  • Signature:
    • Your application must be signed by you to confirm your agreement to the terms and conditions and data protection.

After reviewing your loan application, you will receive your loan decision, which includes the loan offer and conditions such as loan term, instalment payment and the bank’s current interest rate. Afterwards, all you have to do is sign the loan agreement on the spot and you will receive your loan disbursed to your account.

Is there an online instant loan in Switzerland?

Often, applying for a personal loan is a matter that can take a lot of time and effort. With the Miro personal loan, however, you have the possibility to apply for your desired loan online in a very simple and uncomplicated way and to receive the loan decision by e-mail within 1 to 2 working days after application.

Our services include, among other things, an online loan calculator with which you can calculate your desired loan without obligation and free of charge. In this way, you can easily adapt your loan to your individual requirements and credit wishes. For your tailor-made online instant loan, you then need to fill out the loan application, upload the required documents and sign it.

In addition, you can also take out instalment protection, which gives you additional security in the event of unemployment, accidents or illness. We offer online loans in the range of CHF 2,000 to CHF 500,000 and also guarantee the fastest possible processing.

The option of an online instant loan offers you numerous advantages. On the one hand, you don’t have to wait for an appointment at the bank and on the other hand, you save yourself the trouble of filling out complicated paper forms. You also get a transparent insight into the requirements and conditions for the approval of your loan, so you don’t have to worry about hidden costs.

How long does it take for a loan application to be approved?

After you have submitted your loan application and the required documents, your application and financial situation will be reviewed. The processing of your loan application may vary depending on the completeness of your documents. As soon as you receive a positive credit decision and have signed the credit agreement on site, the amount is usually transferred to your account within a few days.

However, please note that we adhere to the legal deadlines and can only transfer your money after the 14-day cancellation period has expired.

If your personal loan amount is over CHF 80,000, we can disburse the amount directly to you, as there is no cancellation period for loans of this amount. Our priority is to make the loan application process smooth so that you can access the loan as quickly as possible.

What interest rates are usual for a personal loan?

A cheap loan in Switzerland and its rate is not only composed of the loan amount, but also of the interest on the debt. Currently, interest rates for personal loans in Switzerland range from around 4.5 to 11.95 per cent. However, interest rates can fluctuate. We offer you particularly favourable loan interest rates starting at 4.5 percent, so that the total cost of your loan remains as low as possible and you can realise your plans.


  • How long does the loan application take?

    The time it takes to process a loan application can vary, depending on the lender and the type of loan. As a rule, it can take from a few days to several weeks for a loan application to be approved or rejected.
  • What is the difference between a credit application and a credit agreement?

    A credit application is a formal request that you submit to the bank to apply for a certain amount of credit. A credit agreement, on the other hand, is a legally binding document that sets out the terms of the loan once the application has been approved. Thus, the credit agreement contains information such as the credit amount, interest rates, terms, repayment conditions and other contractual agreements.
  • What do you need for a loan in Switzerland?

    For a credit application in Switzerland, you usually need certain documents for the identity and credit check. These include, among other things, your identity card, corresponding proof of income and residence, as well as other documents that are necessary for the verification of your finances.
Miro Kredit Swiss - Conclusion


The loan application - with Miro Kredit AG, applying for a personal loan is easier and more convenient than ever before. Whether you want to buy your dream car or need the money for an urgently needed renovation, we guarantee a quick processing of your loan application and distinguish ourselves through our transparency and customer satisfaction!

Private loan calculation example:
Private loan calculation example:

Loan amount: CHF 10,000 without insurance. Repayment period: 12 months

Interest (including costs) amounts between CHF 240.50 and CHF 574.25. Effective interest rate 4.5% – 11.95%. Possible loan repayment period from 12 to 120 months

Processing fees: CHF 0.-. Granting a loan is prohibited if it leads to over-indebtedness (§ 3 Unfair Competition Law – UWG)