Registering as a borrower and creating a loan project is free. After your loan project is successfully funded you pay an annual score based fee of 0.20-1% of the total loan amount. This fee is charged for the entire term of the loan and deducted from the initial loan payout. For example, a loan of CHF 10’000 with score B for 36 months has an annual fee of CHF 80, i.e. a total fee of CHF 80 * 3 years = CHF 240. The actual pay out is therefore CHF 10’000 - CHF 240 = CHF 9’760.
As a borrower you should also protect your monthly payments with our Partner Helvetia Versicherungen against the risks of unemployment, death and inability to work. The insurance premium is a percentage of the monthly rate and will be invoiced as part of it. For example, if you lose your job due to a restructuring, Helvetia will pay your monthly rate for 12 months. This should be sufficient time for you to get back on your feet.