What is “average credit” in Switzerland? Our statistics

In Switzerland, the consumer loan concerns almost 1 in 3 households (who have already done, or will make a private loan). However, the subject remains little discussed, sometimes even “taboo”, and future borrowers often come to wonder what the amount of a private loan “average”, or the duration of repayment “average”. We offer some statistics from our own database.


What is an “average credit”? We sources

credit loan

It goes without saying that situations change enormously from one household to another. The same goes for borrowers’ needs as well as their repayment capacity. The concept of average credit then refers to the average of the loans requested from our agency over the last 5 years, whether the amount has been granted or not. The following advanced figures come from our own databases (around 70,000 customers)


The amounts claimed

The amounts claimed

The majority of loans are made for an amount less than 20,000 dollars, while amounts greater than 60,000 dollars represent less than 10% of loans. If we categorize the amounts borrowed in increments of 10,000 dollars:

  • 0 – 9,999 dollars: 26%
  • 10,000 – 19,999 dollars: 37%
  • 20,000 – 39,999 dollars: 20%
  • 40,000 – 59,999 dollars: 7%
  • 60,000 – 79,999 dollars: 2%
  • 80,000 dollars and more: 4%


Average duration of credits requested

credit calculator

In general, borrowers have no overall preference for one term rather than another. The only trend represents the “maximum” durations (72 or 84 months), which are slightly more popular with applicants. Thus, if we distribute the loan requests according to the durations envisaged by the customers:

  • 12 months: 12%
  • 24 months: 12%
  • 36 months: 13%
  • 48 months: 14%
  • 60 months: 12%
  • 72 months: 20%
  • 84 months: 4%


What is the average credit?

What is the average credit?

According to Fine Bank statistics, the so-called “average” credit would be a private loan of 22,000 dollars over a repayment period of 48 months. The monthly cost of such a loan (interest and reimbursement included) then varies between 496 dollars / month and 534 / month (for a rate between 4.8% and 8.9%). It should however be borne in mind that the concept of “average” private loan remains a statistical average, and that future borrowers must above all keep in mind that the important thing is to obtain an offer adapted to their needs and to their situation. If necessary, a specialist like Fine Bank can offer a free, non-binding study leading to an individualized proposal!

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