Car loan in Switzerland

The lender is eny Finance AG, domiciled in Zurich. You buy the vehicle yourself — and face the seller as a cash buyer.

Calculator: you can try out amounts and terms in advance — in the loan calculator for amount, term and monthly instalment. How the figures compare with leasing is shown by the leasing calculator.

Terms at a glance

Feature	Terms at eny Credit
Loan amount	CHF 1’000 – CHF 250’000
Term	6 – 120 months
Annual percentage rate	4.90 % – 9.90 %, depending on creditworthiness
Interest rate during the term	fixed
Statutory maximum rate	10 % since 1.1.2026 for cash loans subject to the Swiss Consumer Credit Act (KKG)
Ownership of the vehicle	stays with you
Mileage limit	none
Fully comprehensive insurance requirement	none
Taxes	treatment depends on the applicable tax rules and your personal situation
Early repayment	possible at any time with KKG contracts
Right of withdrawal	with KKG contracts 14 days from receipt of the copy of the contract
Provisional credit decision	usually around 3 minutes; not a binding credit commitment
Lender	eny Finance AG, Zurich

Representative example

Loan amount CHF 35’000 for a vehicle purchase, 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.

At the end of the term the vehicle is paid off. There is no residual value left for you to settle.

Requirements

A car 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.

Financing is not possible for self-employed people and for company vehicles. We name this limit up front so that you do not submit an application that would have to be declined.

1. What is a car loan?

A car loan is a personal loan that you use to buy a vehicle. The amount is paid into your account, you buy the vehicle and repay the loan in fixed monthly instalments.

Up to and including CHF 80’000, such a cash loan is in principle subject to the KKG, unless another statutory exception applies. Loans above CHF 80’000 do not, in principle, fall within its scope. The difference from leasing remains the same: with a loan you buy the vehicle; with leasing you use it under the terms of the leasing agreement.

2. What does a car loan cost in Switzerland?

The annual percentage rate is between 4.90 % and 9.90 % and depends on your creditworthiness. It contains all costs of the loan and is therefore the basis for comparison with other forms of financing.

The rate is fixed for the whole term. For cash loans that are subject to the KKG, the statutory maximum rate has been 10 % since 1 January 2026. The eny maximum rate of 9.90 % applies as a product feature to larger eny loan amounts as well.

3. Car loan or leasing — which suits you better?

	Car loan	Leasing
Ownership of the vehicle	you	the lessor
Mileage limit	no limit under the loan agreement	governed by the leasing agreement
Choice of service garage	not restricted by the loan	governed by the leasing agreement
Insurance	not prescribed by the loan	governed by the leasing agreement
End of the term	the vehicle stays yours	return or purchase in accordance with the contract
Taxes	check your personal tax rules	check your personal tax rules
Early termination	possible at any time with KKG loans	depends on the contract

To stay honest: if you only use a vehicle for two to four years and then want to change again, leasing can be the more suitable form — the monthly burden is lower because you only pay for the period of use. If you want to keep the vehicle, buying it with a loan is usually the clearer calculation.

You will find the full comparison with an example calculation over 60 months under Car loan or leasing in direct comparison. Information about leasing conditions there only with a source, please.

4. Which tax advantages does a car loan have?

Whether and to what extent loan interest and debts can be taken into account for tax purposes depends on the tax year, the applicable rules and your personal situation. Binding information is provided by the competent tax authority or a tax adviser.

5. How do you apply for a car loan?

1. Set the amount and the term in the calculator.
2. Complete the application form online.
3. Receive a provisional credit decision, usually within around 3 minutes.
4. Submit your documents (proof of salary, identity document, bank statements).
5. After the full assessment, receive the binding decision and, if approved, the contract.

With a KKG contract the withdrawal period is 14 days from receipt of the copy of the contract.

6. Can you replace an existing leasing agreement with a car loan?

Yes, if your leasing agreement permits a buy-out and the assessment of your application is positive. You settle the outstanding balance with the loan and become the owner of the vehicle.

Whether that adds up depends on the outstanding balance, the buy-out costs charged by your lessor and the remaining term. You can do the counter-calculation with the calculator for replacing existing contracts.

7. Who can get a car loan?

Employed people who are resident in Switzerland and hold Swiss citizenship or a permit B or C. What then counts is whether the monthly instalment fits your budget.

eny assesses every application. With KKG loans the credit capacity assessment is required by law. Repayment within 36 months is assumed, even if the contractual term is longer. Details are explained in the guide to credit assessment.

When the financing gets too tight

A vehicle costs more than its instalment: insurance, taxes, servicing, tyres, fuel. Factor these items into your budget before you choose the term.

If the instalment only looks affordable with the maximum term, a cheaper vehicle is the more stable solution. If existing commitments are already weighing on you, an independent debt counselling service (schulden.ch) can help.