What is a short term loan?
The short-term loan is a new, innovative product by Joana Marie with a term of up to 3 months. Due to a short term and a quick payment directly to the bank account, we close a gap between the previous long-term personal loans (more than 12 months) and the credit cards. The short-term credit allows you to receive up to CHF 5,000 in direct cash within a few days (up to a maximum of CHF 1,000 for the first loan), while cash withdrawals for credit cards are often limited to part of the card limit, In addition, the credit card can not be used to pay short-term obligations, such as a costly home repair or a high dental bill. Through our product, our customers can settle their obligations in a timely manner and pay back the sum comfortably in up to three installments. Made possible by the efficient, fully digitized processing at Joana Marie, the costs are lower than with the usual credit cards.
How can I apply for a short loan?
The short-term loan application is basically very similar to a normal personal loan application. Joana Marie collects the necessary personal and financial information from the applicants and uses this information and the documents provided by the borrower to conduct a thorough credit check. This exam is as strict as the normal credit checks. Thus, the short-term credit requires a good credit rating of the applicants. For security reasons, only CHF 1000.- will be available for the first loan.
If you want to make a short-term loan several times a year, it will be even easier. Since we already have all the data from you, we just need a second confirmation of the accuracy of this data.
Advantages of short-term credit as a borrower
Due to the simple online loan application, the first registration takes about 15 minutes. A credit limit is set for you, which you can use with some restrictions. The money is usually in your account within 5 days of being funded by the lender and processing payments to Joana Marie. A renewed application after the required waiting period lasts a maximum of 5 minutes and you already get a good indication in the process whether you can receive the money or not.
How can I invest in short-term loans?
Investors only need to register online with Joana Marie. After the activation you can already use the full functionality of the platform. After the complete financing of a credit project, an email notification will be made of an invoice for the investment. After that, investors can benefit directly from the repayments and interest.
Benefits as an investor
For the first time, investors will be able to invest in personal loans with a maximum maturity of three months. This means that liquidity is hardly tied and an attractive return can be achieved. This product is similar to a short-term money-market product (fixed-term deposit) with the difference that investors here receive an attractive risk return.
Despite the attractiveness and the short term, Joana Marie recommends an investment portfolio with a mix between long-term loans and short-term loans. The long-term loans bring a higher overall long-term yield due to the slightly higher interest portion at the beginning. The short-term loans allow the investor to remain liquid.
Of course, as with long-term private and SME loans, Joana Marie also offers institutional investors the opportunity to invest in a fully bookable investment vehicle with a Swiss ISIN. Issued by its own Joana Marie non-intrusive SPV in Guernsey, this investment allows it to invest in a broadly diversified portfolio of short-term loans with generous returns and retreats.
For further inquiries we are very gladly by email or by phone available. All contact details can be found here. Further important information can be found in our FAQs.