Personal Loans: How to Compare Offers and Avoid Hidden Costs
The effective rate, fees and insurance add-ons that decide the true price.
4 min read · Loans & Credit
Life situations: Taking a loan
A low advertised rate can hide fees.
Compare effective rates
The effective annual rate includes fees and shows the true cost. Compare offers on this basis.
Example with default values. Open the calculator →
Extras
- Payment protection insurance.
- Processing fees.
- Early repayment conditions.
Borrow carefully
Check the contract
You have a right of withdrawal within 14 days of receiving a copy of the contract. Read the terms on repayment, fees and what happens if you miss a payment.
Borrow only what you need. Calculate the effective rate with the effective loan rate calculator.
Try it yourself: Effective Loan Rate (APR)
Change any input and the result updates instantly. Nothing you enter is sent to a server.
Effective annual rate6.07 %
- Nominal annual rate
- 5.91 %
- Total cost of credit
- CHF 2'800