Your real-estate loan with LEND
Is it finally time to make your dream of an own home come true? Your dream house, apartment, mountain home or finca at the beach - with a tailored loan you can become a homeowner. Read on to learn how this is possible even without a mortgage.
Whenever you plan to buy a house or apartment or when you have a renovation coming up, the first thing you usually have to do is go speak to a bank. And what that means you probably know: you showcase your new home, the banker values your house lower, asks for numerous documents and wants the funding to be secured. Is there an easier way? Of course!
Real estate financing with a housing loan
Normally you would finance your new house or apartment with a mortgage. However, a home loan may be the better alternative.
¤ The effective interest rate is between 3.50% and 9.80% and is dependent on your credit score and selected loan term. For a loan of CHF 10’000.- and 12 months the interest cost and fees range between CHF 190.60 and CHF 515.34. The total sum is thus between CHF 10’190.60 and CHF 10’515.34. The grant of a loan is prohibited if it leads to the over-indebtedness of the consumer (Art. 3 UWG).
Low rates from 3.5%
Because funding your new property on the basis of a personal loan has many advantages:
- Applying for a loan is simple: an appraisal entry into the property registry is not not necessary - we assess your creditworthiness and your loan terms based on other criteria such as your income. So there is no need for a lengthy application process.
- Borrowers who own a house are welcome! Generally, property owners show best payment behaviour and therefore will be offered the best rates with favourable terms and conditions.
- You can choose the term of your home loan. You are free to pay it back early or refinance it with a new better loan. And that for free at any time.
- With a home loan you are not limited to purchasing real estate in Switzerland. If your dream is to buy a Finca in Spain or your parents’ home on the Croatian coast and not that Swiss mountain home or city apartment, that is not a problem. A home loan gives you the possibility to purchase property abroad. Or you can start with that long awaited renovation to preserve the value of your house. Or, of course, you can finance that relocation. You are not obliged to use the funds for a specific purpose.