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This Unsecured Credit Agreement template is designed for use in lending transactions governed by Swiss law where no collateral or security interest is required from the borrower. It is commonly used by banks, financial institutions, and private lenders when extending credit to creditworthy borrowers or in situations where securing the loan is either impractical or unnecessary. The agreement complies with Swiss banking regulations and the Swiss Code of Obligations, incorporating mandatory provisions for interest rate calculations, repayment terms, and default scenarios. It is suitable for both corporate and individual borrowers, though specific provisions may need to be adjusted based on the borrower's status and the loan's purpose. The document includes comprehensive provisions for representations, warranties, covenants, and events of default, providing adequate protection for lenders despite the absence of security.
