Loans in Switzerland Experiences

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Does anyone here have experience with getting loans in Switzerland? I am interested in knowing which lenders offer the best conditions and also in general information about getting loans in Switzerland. Many thanks.

  • BenutzernameMoneyguru von
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4016

Hi there,

Switzerland has consumer protection laws in place which favor borrowers. The Swiss law governing consumer loans provides the following protection for lenders:

1. 2-week cancellation period. Borrowers can cancel a loan within 2 weeks of their application being approved. The money is only paid out or transferred by the lender after the 2-week witing period has expired.

2. Early repayment without penalty. Borrowers can make additional repayments or amortize their debt in full at any time throughout the loan term. Lenders cannot impose penalties for early loan repayment.

3. Effective annual interest rates. The interest rates quoted by lenders for personal loans must account for the full annual cost of the loan, including possible fees and charges.

4. Maximum interest rates. Currently, the highest effective annual interest rate which Swiss lenders can charge for personal loans is 10%. Credit card issuers can charge a maximum effective annual interest rate of 12% for credit card loans.

You can easily find all personal loans which match your requirements and eligibility, and compare their reference interest rates using the unbiased personal loan comparison on

The lowest and highest interest rates applicable to each loan offer are shown in the comparison. The lowest rate is offered to applicants with excellent creditworthiness, while the highest rate is offered to applicants with poor creditworthiness. Rates for applicants with average to good credit fall in between the lowest and highest rates offered.

Best regards from Moneyguru