Unsatisfactory credit ratings
Loans for unemployed people from Switzerland are usually a little easier than getting their German equivalent loans. Cream bank know that a large part of their German customer base is looking for contact for this very reason, because those in Germany with poor or unsatisfactory credit ratings are quickly rejected by credit institutions.
As a result, the Schufa-free loans from Switzerland are particularly popular, as these can usually be raised up to an amount of 3,000 USD, provided the borrower can at least show a regular income to the lender. For precisely this reason, taking out loans for the unemployed from Switzerland can also be problematic, because where there is no income, the installments cannot normally be paid in full or on time.
The result is usually a rejection by the lender, regardless of whether you applied for the loan from a bank based in Germany or in Switzerland. Often only the insertion of an additional liable party helps, which can be achieved relatively easily by a guarantee. A guarantor is liable for the entire debt of the borrower and, in the worst case, has to repay it if the actual borrower is no longer able to do so.
Guarantor or personal loans?
For this very reason, the search for a suitable guarantor is often very difficult, because many people, even from the immediate vicinity, are reluctant to take the risk of full liability. In addition, in order to be liable for loans to unemployed people from Switzerland, the guarantor must of course also have an independent regular income. Another alternative would be a loan from a private lender. Provided that they come from the closer environment, these personal loans have the advantage that the creditworthiness only plays a subordinate role.
The interpersonal and the history between the borrower and the lender are much more decisive factors, which ultimately do not allow any or only a very low interest burden. These loans for unemployed people from Switzerland are also increasingly flexible in their repayment.
The loans are obviously only possible if relatives live in Switzerland, and the loans could then simply be taken out in Germany. Obtaining loans for unemployed people from Switzerland is therefore possible either privately or through banks, but a guarantee is required here. As a prospective borrower, you can also try to get the loan without a guarantee, but the probability is extremely low.