Facts about personal loans

The figures at a glance

Feature	Value	Source
Loan amount at eny Credit	CHF 1,000 to CHF 250,000	live check 30.07.2026
Term	6 to 120 months	live check 30.07.2026
Annual percentage rate at eny Credit	4.90 % to 9.90 %, depending on creditworthiness	eny Finance AG product details, 30.07.2026
Statutory maximum interest rate for KKG cash loans	10 %, in force since 1.1.2026	admin.ch, 31.10.2025
Statutory maximum interest rate for KKG overdraft loans	12 %, in force since 1.1.2026	admin.ch, 31.10.2025
Provisional credit decision	usually within around 3 minutes of submitting; not a binding commitment	eny Finance product information
Early repayment	possible at any time for KKG agreements	Art. 17 KKG
Right of withdrawal	14 days from receipt of the copy of the agreement for KKG agreements	Art. 16 KKG

What a personal loan is — and what it isn’t

A personal loan is a cash loan to a private individual: the loan sum is paid out and repaid in equal monthly instalments over an agreed term. Use is free; proof of use is not required.

Legally, a personal loan can be a consumer loan within the meaning of the KKG. Whether the KKG applies depends on the specific agreement. In particular, loans above CHF 80,000 and other agreements listed in Art. 7 KKG are exempt.

The following are not personal loans: mortgages, leasing agreements, loans to businesses and overdraft loans such as credit card limits. A different statutory maximum interest rate applies to overdraft loans.

The legal framework

The KKG and the Ordinance to the Consumer Credit Act (VKKG) set the framework. Five points are the most important for borrowers:

Rule	Content
Maximum interest rate	Since 1.1.2026, a maximum of 10 % annual percentage rate for KKG cash loans, 12 % for KKG overdraft loans.
Assessment of ability to repay	Required by law for KKG agreements. The calculation generally assumes repayment within 36 months.
Right of withdrawal	14 days from receipt of the copy of the agreement for KKG agreements (Art. 16 KKG).
Early repayment	Possible at any time for KKG agreements (Art. 17 KKG).
Prohibition of over-indebting loans	Granting a loan is prohibited if it leads to over-indebtedness of the consumer.

The article Maximum interest rate for consumer loans explains in detail how this cap is set and when it is reviewed.

How is the interest rate set?

The annual percentage rate is set individually. It is not a list price, but the result of a risk assessment: whoever is statistically more likely to repay receives a lower rate. This approach is called risk-based pricing.

The assessment takes into account:

• income and employment relationship
• fixed expenses and household situation
• existing loans and commitments
• payment behaviour, including entries at the Central Office for Credit Information (ZEK)

This is why rate figures are always ranges. At eny Credit, the range runs from 4.90 % to 9.90 % annual percentage rate. Which rate applies to you is only stated in the offer after the assessment. How the assessment proceeds is described in the article Credit assessment.

What to watch for when comparing

Compare …	instead of …	Reason
the annual percentage rate	the nominal rate	Only the annual percentage rate includes all costs and makes offers comparable.
total cost over the term	the monthly instalment	A low instalment over a long term can be more expensive overall.
the same term and the same amount	different scenarios	Only identical assumptions produce a valid comparison.
terms including add-on products	the base instalment without extras	Instalment protection insurance increases the monthly instalment; it is optional.

The rate in an advertisement is always the best possible rate. Only the rate in your personal offer is binding. You can calculate both with the loan calculator.

Common misconceptions

Common belief	Reality
“The advertised best rate applies to everyone.”	The rate depends on creditworthiness. “From 4.90 %” means it can also be 9.90 %.
“The assessment of ability to repay can be bypassed.”	For KKG agreements it is required by law. eny also assesses every application.
“Entries in the debt enforcement register don’t matter.”	Payment behaviour and register data are part of the assessment and can lead to a rejection.
“The statutory maximum interest rate is the usual rate charged.”	It is an upper limit, not a normal value. The specific rate depends on creditworthiness.
“A longer term is cheaper because the instalment is smaller.”	The instalment falls, the total loan cost rises.
“A loan is tied up until the end of the term.”	For KKG agreements, early repayment is possible at any time.
“Self-employed persons also get this personal loan.”	eny Credit’s offer is aimed at employed persons resident in Switzerland.

Who can get a personal loan

• residence in Switzerland
• employment as an employee
• Swiss citizenship or residence permit B or C

Self-employed and freelance persons, people without residence in Switzerland, and loans to businesses are not covered. Every application is assessed individually; meeting the requirements does not amount to a loan commitment.

When a personal loan is not the right solution

A loan shifts a payment into the future and costs interest as a result. It does not solve a structural budget problem. Caution is warranted in these cases:

• The household budget is already tight without a new instalment.
• An existing loan cannot be serviced as agreed.
• The loan is meant to bridge current expenses or other debts.
• There are open debt enforcement proceedings.

Free, independent advice is provided by the specialist offices of Schuldenberatung Schweiz. Whether a loan makes sense in the specific case is covered in the article When a personal loan makes sense.

Related pages

• Personal loan — terms, process and requirements
• Maximum interest rate for consumer loans — the statutory cap with an official source
• Credit assessment — what is examined and why
• Interest calculator — effect of the annual percentage rate
• Loan calculator — monthly instalment and total loan cost