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SARON mortgages

SARON mortgages

Credit Suisse is launching two SARON mortgages. These will replace the LIBOR-based Flex rollover mortgage.

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Our SARON products

You've found your dream property and would like to benefit from the attractive Swiss reference interest rate? Find out more about our product offering here.

SARON mortgage

For the following clients

  • Clients who are comfortable with the fact that the interest amount actually due is not known until the end of the respective accounting period
  • Clients who can accept uncertainties and fluctuations in the market interest rate

 

Advantages for you

  • Benefit from consistently low or falling interest rates
  • Participate in the current interest rate development throughout the selected term

 

Your options

  • You choose the term and periodicity of the accounting period
  • Flexible thanks to the possibility of switching to a different Credit Suisse mortgage product every day

 

Conditions

  • Minimum amount - CHF 100,000
  • Term - 1, 2 or 3 years
  • Tranche - 1 or 3 month

How does the SARON mortgage work?

For the SARON mortgage, the interest rate comprises the compounded SARON and an agreed fixed margin. The interest rate is only announced retrospectively at the end of the interest period.

How does the SARON mortgage work?

How does interest computation work for the SARON mortgage?

Compounding is an interest-on-interest computation using the base rates fixed daily for a specific accounting period, i.e. the computation is performed retrospectively as of the due date for the accounting period.

How does interest computation work for the SARON mortgage?

SARON rollover mortgage

For the following clients

  • Clients who want to know their mortgage interest at the start of the tranche term
  • Clients who can accept uncertainties and fluctuations in the market interest rate

 

Advantages for you

  • Benefit from consistently low or falling interest rates
  • Participate in the current interest rate development – with a period of delay – throughout the selected term

 

Your options

  • You choose the overall term – each tranche equals one month
  • Flexibility thanks to the possibility of switching to a different Credit Suisse mortgage product (at the end of the fixed interest period)

 

Conditions

  • Minimum amount - CHF 100,000
  • Term - 1 year or 2 years
  • Tranche - 1 month

How does the SARON rollover mortgage work?

For the SARON rollover mortgage, the interest rate comprises the compounded SARON from the previous period, the hedging costs, and an agreed fixed margin. This means that the interest rate is communicated and guaranteed at the start of the interest period.

How does the SARON rollover mortgage work?

How does the interest computation work for the SARON rollover mortgage?

Compounding is an interest-on-interest computation using the base rates fixed daily for a specific accounting period, i.e., the computation is performed retrospectively as of the due date for the accounting period.

The observation period will begin one month and three working days before the start of the respective partial term and will end three working days and one calendar day before the start of the respective partial term.

How does the interest computation work for the SARON rollover mortgage?
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We will be glad to advise you in person

Your financing in the best hands: Our regionally based financing experts can show you how to take advantage of opportunities and minimize risks.

We will be glad to advise you in person

More information about SARON and LIBOR

  • Phase-​​out of the (L)IBOR reference rate

  • IBOR and IBOR Transition

  • SARON, the Swiss solution

  • What should I do as a current LIBOR-mortgage holder?

  • I want to take up a new floating rate mortgage. What are my options?

  • How is SARON different from the CHF LIBOR?

  • How do you derive a term rate base an Overnight SARON rate?

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