When to refinance
If you hold several credits (card, leasing, personal) at high rates and your situation has stabilised (permanent job, divorce settled), consolidating them into one lower rate can cut interest and your monthly payment — the saving depends on your current and new rates. Also relevant if your current rate is high with good ZEK/CRIF history.
LCC cap: 11%
The Consumer Credit Act caps the annual effective rate at 11% (12% for cards). Lenders (Cembra, Migros Bank, cantonal banks…) charge rates that vary by profile, always below this cap. Polia negotiates with several major lenders for the best rate for your ZEK/CRIF profile.
Pitfalls
1) Early repayment fees 1-2% on existing loans. 2) Extending term increases total cost even at lower rate. 3) Revolving credit cards stay active = re-debt risk. 4) Aggressive solicitation post-refinancing.
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