Friday, March 31, 2023

Now interest rates on personal loans are also rising

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Not only mortgages are more expensive

Now interest rates on personal loans are also rising

After the interest rate turnaround by the Swiss National Bank (SNB), not only mortgages are becoming more expensive. Interest rates are also increasing for consumer loans. According to a study by Moneyland.

Published: 12 minutes ago


The rise in mortgage interest makes buying a house more expensive.

Interest rates on personal loans are rising. According to the Moneyland comparison service, further increases are likely in the future.

According to Wednesday’s study, development did not begin until mid-2022. In the meantime, however, various loan providers have confirmed that the average cost of new personal loans has increased. The reason is the increasing refinancing costs for credit providers. In addition, it could become more difficult to get new loans in the future. Because the interest costs would affect the calculation of creditworthiness, according to Moneyland.

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