Benefits for borrowers with a Crowd4Cash loan

Person who wrote the post admin Aug 20, 2018
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In this blog, explain how the benefits of a personal loan at Crowd4Cash. In addition, we clarify the most important errors with which we were repeatedly confronted in the past.

Benefits of a personal loan at Crowd4Cash

Lower interest rate than conventional providers
Over and over again we see high interest rates within the framework of rescheduling just below the legally permitted 10% limit. This can quickly become a burden on the borrower. A rescheduling is always allowed and even recommended. The size of the difference is illustrated by the example of a personal loan with a term of 5 years and a loan amount of CHF 30'000.-

 • Traditional provider 9.95%
• Monthly rate: CHF 636.67
• Total cost CHF 8200.-

• Crowd4Cash 5.90%
• Monthly rate: CHF 578.59
• Interest costs CHF 4715.-
• Charges Crowd4Cash: CHF 1050.-
• Total cost CHF 5765.-

 The borrower has a 30% savings on the same product in our example.

 Crowd4Cash only requires the information necessary for the credit check, the process is 100% online. Apart from a questionnaire, only a few documents have to be uploaded to the system. We try to gather as little information as possible but as many as necessary in the application process. Our ambition is that our customers can borrow as quickly and easily as possible.

 Why is that possible?
The loans are granted from private to private. Thus, the loan without a bank is assigned as a middleman. Crowd4Cash has specially developed software that enables fully digitized processing from the beginning to the end of the process. This means that there are only a few manual steps in the credit process, which results in high efficiency.

What Crowd4Cash does not stand for or the main mistakes

 «Credit without ZEK»
Crowd4Cash, like the conventional providers, is subject to the consumer credit law. We are obliged to enter the ZEK entries. This prevents the over-indebtedness of borrowers and thus serves as collateral for our investors.
Solution for all who otherwise receive no credit
With a rejection rate of 80%, we are stricter than most credit providers. In this way, we protect the interests of our investors and can guarantee a very low default rate.

Instant credit

 Crowd4Cash is a reputable lender and adheres to the legal right of withdrawal of the Swiss consumer credit law. This prescribes a mandatory withdrawal period of 14 days. Therefore, we can pay off the loans only after this waiting period.

We are also happy to advise you personally, by phone or by email. Our contact details can be found here.