Monthly payment

You repay a personal loan in monthly payments that include the interest. Each month the interest is charged on what you still owe, so the share of interest in a payment falls as the loan is repaid.

The monthly payment alone tells you little: a longer term lowers it and raises the total. Compare the total to repay for the same amount and term.

What it means for your loan

At Swizeo every payment is the same, and the last one can differ slightly, by at most CHF 0.75, so the loan ends at exactly zero.

Late interest may not be higher than the rate in your contract. The lender may end the contract once unpaid instalments reach 10 % of the net amount (KKG, Art. 18).