Simple Promissory Note No Interest Template for Switzerland

The Simple Promissory Note No Interest is commonly used in Switzerland for documenting straightforward debt obligations where no interest is to be charged. This document type is particularly useful in situations involving personal loans, business transactions, or family lending arrangements where parties wish to formalize their agreement while maintaining an interest-free arrangement. Governed by Swiss law, specifically the Swiss Code of Obligations, the document must contain certain mandatory elements to be legally valid, including the sum to be paid, payment date, and parties' details. The Simple Promissory Note No Interest provides a clear record of the debt obligation while offering legal protection to both the maker and payee. It's simpler than a full loan agreement but still maintains legal enforceability, making it an efficient choice for uncomplicated lending situations where interest is not a factor.

1. Place and Date of Issuance: Mandatory element specifying where and when the promissory note is issued

2. Designation as Promissory Note: Clear designation of the document as a promissory note (in the language of the document)

3. Unconditional Promise to Pay: Clear statement of the unconditional promise to pay a specific sum of money

4. Payment Amount: The exact sum to be paid, stated both in numbers and words

5. Due Date: Specific date when the payment is due

6. Place of Payment: Location where the payment must be made

7. Payee Details: Full name and details of the person to whom payment must be made

8. No Interest Statement: Clear statement that this is a non-interest bearing note

9. Maker's Details and Signature: Full name, address, and legally binding signature of the person making the promise