Invest in Personal Payday loans!

Now various politicians including federal councilors and other market participants have borne fruit and led to strong improvements in the regulation of the Swiss financial market. On 5 July 2017, the Federal Council adopted an amendment to the Banking Ordinance to further promote companies in the fintech sector. As of 1 August 2017, unnecessary regulatory hurdles were removed. It was now possible to finance SME loans of up to one million Swiss francs from more than 20 investors, but not loans to private individuals. In these, the so-called 20-rule remained. The deadline for (license-free) processing of customer transactions has been extended to 60 days.

Largest Good lender platform with the most registered users

From 1 April 2019, loans to private individuals may also be accepted without authorization by more than 20 persons up to a total amount of 1 million Swiss francs. We have already announced this joyful news in our blog of December 3, 2018. Good lender is now subject to the Consumer Credit Act (KKG). Good Finance – as a lender approved by the canton of Zug, a financial intermediary under the Money Laundering Act (AMLA) and a member of the IKO / ZEK – fulfills all the necessary requirements and can thus pass on the benefits to the investors 1: 1.

It is important for customers to understand that Good Finance (and other Good lender providers) are not supervised by FINMA and are not banks. However, investors now benefit from the fact that a much better diversification is also possible with private loans and thus an even better distribution can be made to as many loans as possible in their own loan portfolio. In particular, investors with smaller assets will benefit significantly.

This innovation allows smaller investment assets

We are delighted that investors in Good Finance will now be able to benefit from the issued regulations for all new credit projects and to optimize the risk / reward profile for this alternative asset class. The entire Good Finance team remains fully committed to providing our clients with the best possible service for building and managing loan portfolios as a complementary investment. For questions and / or suggestions, we are always happy to help.

Your Good Finance Team!

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