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Swiss banks prepare to hand out 0% interest emergency loans

National News // March 26, 2020

Swiss banks are preparing for a rush of emergency loans provided to companies that run out of money due to the pandemic.

 

Pixabay Swiss banks prepare to hand out 0% interest emergency loans
 
Loans for small and medium sized business are available from today - with loans offered at 0% interest. 
 
According to the Swiss Bankers’ association, a number of banks have registered to participate in the programme. 
 
It's hoped applications will be processed quickly - around 30 minutes for a loan of up to CHF 500,000.
 
For larger amounts, more extensive reviews would take more time. 
 
 
 

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