Both private and commercial investors provide finance for online credit projects. The amount is then loaned by CG24 to borrowers. P2P platforms charge a fee for their services. The information on this page relates to personal loans. CG24 also offers products for SMEs, self-employed customers and real estate projects.
Investors can also invest in personal loans and SME loans. The rates and conditions are transparently defined for investors – auctions are not used. CG24 partners with companies such as Generali, BDO, Bexio and Bank Frick.
CG24 personal loans
Traditional instalment loans
Effective annual interest rates ranging from 5.11% to 9.99%
Loan amounts from CHF 5,000 to CHF 200,000
CG24 offers repayment terms of 12 to 60 months
Minimum age 18, maximum age 65
Special features CG24 private loan
At CG24, loans are available to employed persons, self-employed persons and SMEs.
The minimum age of borrowers is 18 and loans must be repaid by the age of 65. If the loan is secured by valuable collateral such as property (mortgage), it can be repaid by the age of 70.
At CG24, accepted loan applications are published on the website for a period of 1 to 14 days. Because the selected applications are carefully examined before being approved and going live, it is virtually impossible for a loan not to find investors.
At the moment, it is not possible to take out payment protection insurance with CG24 to cover complete incapacity for work or unemployment.
All loans are insured up to a maximum residual debt of CHF 100,000 in the event of death.
The cost of the insurance is included in the effective annual interest rate.
At CG24, there is no charge for the early repayment of loans covered by the Consumer Credit Act (amounts up to CHF 80,000).
You are required to notify the lender of any change of address.
Statements of interest are free of charge and can be obtained online at any time.
Address enquiries, reminder fees (1st reminder CHF 50, 2nd reminder CHF 100) and collection expenses (hourly rate) are charged to the customer.
Loans are only available to persons with a residential address in Switzerland or Liechtenstein.
Payments are only made to a Swiss bank account.
CG24 loan approval
The actual interest rate for your loan will be determined after the application is submitted.
At CG24, all investors within a loan category and rating level share joint liability by means of a solidarity agreement should a default occur.
For this reason, CG24 applies strict criteria to ensure the quality of its borrowers. It tends to reject more applications than other lenders. This reduces the risk for investors.
The lowest interest rates are usually only offered if you have a very good credit rating, and the criteria are not fully available to the public.
Our loan comparison provides an overview of the interest rates offered by other lenders.
1. Protection from over-indebtedness
The Consumer Credit Act applies to loans of up to CHF 80,000. For loans above this amount, consumers are not protected by the Consumer Credit Act. Calculate approximately how much you can afford to borrow.
2. Choose repayment term
The benefit of a longer repayment term is that the monthly instalments are lower. The longer the repayment term, however, the higher the total cost of the loan.
Nevertheless, it is advisable to plan realistically and, in particular, budget for irregular and unexpected costs.
You can pay off (amortize) the loan earlier at any time, which will reduce the cost of your loan.
3. ZEK and credit check
The Central Office for Credit Information (ZEK) is a platform for banks to exchange information on the credit standing of their clients. The ZEK registers all information on transactions involving personal loans, car leases and credit cards. If anybody promises you a loan without involving the ZEK, this is usually an untrustworthy lender.
Learn more about credit score.
4. Eligibility criteria
Each lender specifies his own risk and approval criteria, which are not or only partially communicated to customers or the general public for security reasons. Visit loan eligibility criteria and applying for a loan for more information.
Did you know…
Each loan provider assesses your profile differently.
Around 50% of loan applications sent directly to lenders are rejected.
If your application is rejected, you usually won't learn the reason why.
Every rejected loan application is registered with the ZEK and can be viewed by member lenders for a period of two years.