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foreign currency loan

What Dr. Dr. Money says

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FAQ

A foreign currency loan is a loan that is taken out in a currency other than the euro – e.g. in Swiss francs. Repayment is also made in this foreign currency, which entails exchange rate risks.

The main reasons are possible interest rate advantages and the hope of favorable exchange rate developments. There is speculation that the foreign currency will lose value against the euro or that interest rates will remain permanently lower.

The biggest risks are rising exchange rates and changing interest rates. Both can lead to the repayment becoming significantly more expensive than originally planned.

Only to a very limited extent. Due to the high risks and strict requirements of the Financial Market Authority (FMA), banks hardly ever grant such loans to private individuals.

If the foreign currency rises against the euro, the repayment amount increases. If the exchange rate falls, the repayment may become more favorable – but this is difficult to predict.

foreign currency loan

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