Consumer loans in Switzerland: what the KKG says

The Swiss Consumer Credit Act (KKG) covers various credit agreements granted to natural persons for private purposes. These can include cash loans, overdraft facilities, credit cards with a credit option and certain leasing agreements. Loans above CHF 80’000 and further contracts listed in Art. 7 KKG do not fall under it.

The lender is eny Finance AG, domiciled in Zurich. This page explains above all the legal framework: which rules apply, which rights you have and what to measure an offer against.

Calculator: you can see the monthly instalment and the total loan costs for your preferred combination in the loan calculator for amount, term and monthly instalment. The rate shown is an example value; it only becomes binding with the credit decision.

Terms at a glance

Feature	Terms at eny Credit	Legal framework
Loan amount	CHF 1’000 – CHF 250’000	—
Term	6 – 120 months	—
Annual percentage rate	4.90 % – 9.90 %, depending on creditworthiness	maximum rate for KKG cash loans 10 % since 1.1.2026
Interest rate during the term	fixed	—
Credit capacity assessment	before every decision	required by law with KKG contracts
Right of withdrawal	with KKG contracts 14 days from receipt of the copy of the contract	Art. 16 KKG
Early repayment	possible at any time with KKG contracts	Art. 17 KKG
Provisional credit decision	usually within around 3 minutes after submission	not a binding credit commitment
Lender	eny Finance AG, Zurich	reserves the role of credit intermediary within the meaning of the KKG

Representative example

Loan amount CHF 35’000, term 60 months, without payment protection insurance:

	At an annual percentage rate of 4.90 %	At an annual percentage rate of 9.90 %
Monthly instalment	CHF 657.18	CHF 734.68
Total loan costs	CHF 4’431.01	CHF 9’080.61
Total amount	CHF 39’431.01	CHF 44’080.61

Example calculation without the optional payment protection insurance; rounding differences are possible. The rate used is an annual percentage rate.

Requirements

A consumer loan from eny Credit is possible if you

• are resident in Switzerland,
• are employed as an employee,
• hold Swiss citizenship or a residence permit B or C,
• are of legal age.

Loans are not possible for self-employed people and for companies. We name this restriction deliberately up front — it saves you an application with no prospect of success.

1. What is a consumer loan?

A consumer loan is a loan to a private individual for private purposes. The KKG covers various forms, among them cash loans, credit cards with a credit option, overdraft facilities and certain leasing agreements.

At eny Credit you receive a cash loan: the amount is paid into your account and can be used without any tie to a specific purpose.

2. How do a consumer loan and a personal loan differ?

In everyday use, a personal loan is usually a cash loan for private purposes. It can be subject to the KKG, unless a statutory exception applies. “Consumer loan” is the broader legal term.

The difference lies in the reach: alongside cash loans, the KKG also covers further forms of credit. If you are looking for the terms and the application route for the eny product, the page on the personal loan is the more direct entry point.

3. What does the Consumer Credit Act (KKG) regulate?

The KKG protects consumers in the credit agreements it covers. Four points concern you directly:

• Written form and transparency: the contract must state the amount, the annual percentage rate, the term and the monthly instalment.
• Credit capacity assessment: before granting the loan, the lender must assess whether you can afford it. In principle, repayment within 36 months is assumed, even if the agreed term is longer.
• Right of withdrawal: 14 days from receipt of the copy of the contract, without giving reasons.
• Early repayment: possible at any time.

Existing commitments must be stated in full in the application, because they are relevant to the credit capacity assessment. Which information is obtained or reported depends on the contract and the legal framework.

4. How high is the statutory maximum rate?

For cash loans that are subject to the KKG, the maximum rate has been 10 % since 1 January 2026. For KKG overdraft facilities, 12 % applies. The rate applies for an unlimited period, is reviewed at least once a year and, if adjustment is needed, changed with effect from January. With a maximum of 9.90 %, eny Credit is below the current cap for KKG cash loans.

5. What does a consumer loan cost in Switzerland?

The annual percentage rate is between 4.90 % and 9.90 % and depends on creditworthiness. It is the basis for comparison because it includes all costs of the loan.

The interest rate stays fixed for the whole term. Your monthly instalment is therefore set from day one and can be planned into your budget.

6. What should you look out for when comparing?

Compare the annual percentage rate, not the monthly instalment. A long term lowers the instalment and at the same time increases the total loan costs — the same costs then look smaller.

Check three further points: are additional products such as payment protection insurance included in the price or charged separately? Is the interest rate fixed for the term? Are there costs for early repayment? You will find some context in the loan comparison for Switzerland.

7. Which rights do you have as a borrower?

• Withdrawal within 14 days of receiving the copy of the contract, without giving reasons.
• Early repayment at any time, in full or in part.
• Entitlement to clear information about the annual percentage rate, the total costs and the term before signing.
• Protection against over-indebtedness: Granting credit is prohibited if it leads to the over-indebtedness of the consumer (Art. 3 of the Unfair Competition Act, UWG). The German version of this notice is legally binding. Aggressive credit advertising is prohibited under the KKG.

When a loan is the wrong solution

A consumer loan bridges a financing gap. It does not replace income and does not remedy a lasting imbalance between income and expenditure.

If you have several ongoing commitments and the instalments are getting tight, a further loan is rarely the way out. Debt Counselling Switzerland (schulden.ch) advises free of charge and independently. Factual context is also provided by the guide Taking out a loan in Switzerland.