51Ƶ

Loan Cancellation Letter for Switzerland

Loan Cancellation Letter Template for Switzerland

A formal document governed by Swiss law that officially terminates and cancels an existing loan agreement between a lender and borrower. The letter serves as legal evidence of the debt forgiveness or cancellation, outlining the terms of the cancellation, the effective date, and confirming that all obligations under the loan agreement have been extinguished. It includes provisions for the return of security documents, release of any collateral, and confirmation that neither party has any further claims against the other under the original loan agreement. The document must comply with Swiss Code of Obligations requirements regarding debt forgiveness and contract termination.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Loan Cancellation Letter

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Loan Cancellation Letter?

The Loan Cancellation Letter is a critical document used in Swiss banking and financial transactions when a lender agrees to formally cancel or forgive a loan obligation. This document is typically employed in scenarios such as debt restructuring, group company reorganizations, or when a borrower and lender have reached an agreement to terminate the loan relationship. Under Swiss law, particularly the Code of Obligations (OR/CO), such cancellation must be explicitly documented to ensure legal certainty and proper extinction of obligations. The letter serves as conclusive evidence of the parties' agreement to terminate the loan, including details about the original loan agreement, the amount being cancelled, effective date of cancellation, and any conditions that must be met. It may also address the treatment of security interests, guarantees, and other related agreements that need to be terminated or modified as a result of the loan cancellation.

What sections should be included in a Loan Cancellation Letter?

1. Letter Header: Date, sender's details, recipient's details, and reference number of the original loan

2. Loan Reference: Clear identification of the loan being cancelled, including the original loan agreement date, parties, and amount

3. Cancellation Declaration: Express statement of the loan cancellation, including the effective date and amount being cancelled

4. Confirmation of No Further Obligations: Statement confirming that all obligations under the loan are extinguished and neither party has any further claims

5. Return of Documents: Details regarding the return or cancellation of any original loan documentation or security documents

6. Governing Law: Confirmation that the cancellation is governed by Swiss law

7. Signature Block: Space for authorized signatures from both the lender and borrower

What sections are optional to include in a Loan Cancellation Letter?

1. Partial Cancellation Terms: Required when only a portion of the loan is being cancelled, specifying the remaining balance and terms

2. Conditions Precedent: Include if the cancellation is subject to certain conditions being met

3. Release of Security: Required when there are security interests that need to be released

4. Tax Implications: Include when there are specific tax consequences that need to be acknowledged

5. Third Party Consents: Required when the cancellation requires consent from guarantors or other third parties

6. Settlement Terms: Include if the cancellation is part of a broader settlement agreement

What schedules should be included in a Loan Cancellation Letter?

1. Schedule of Security Documents: List of security documents to be returned or cancelled

2. Calculation Schedule: Details of any final calculations, including interest or fees being waived

3. Related Agreements: List of any related agreements affected by the cancellation

4. Authorization Evidence: Copies of corporate authorizations or powers of attorney proving authority to cancel the loan

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Switzerland

Publisher

Genie AI

Document Type

Service Letter

Cost

Free to use
Relevant legal definitions




















Clauses


















Relevant Industries

Banking & Financial Services

Corporate Lending

Real Estate

Manufacturing

Technology

Retail

Healthcare

Construction

Energy

Agriculture

Hospitality

Transportation & Logistics

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Secretariat

Loan Administration

Portfolio Management

Transaction Management

Documentation

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Corporate Lawyer

Loan Officer

Credit Manager

Risk Manager

Relationship Manager

Compliance Officer

Financial Controller

Corporate Secretary

Banking Manager

Debt Recovery Officer

Portfolio Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Proposal Letter

A formal business proposal document governed by Swiss law that outlines specific business propositions, products, or services while ensuring compliance with Swiss legal requirements.

find out more

Cover Letter (Education)

A formal educational cover letter compliant with Swiss business standards and data protection laws, used for academic positions and educational program applications in Swiss institutions.

find out more

Application Letter For Teacher Fresh Graduate

A formal job application letter for newly graduated teachers entering the Swiss education system, following Swiss legal and professional standards.

find out more

Professional Business Letter

A formal business communication document conforming to Swiss legal requirements and business etiquette, used for official corporate correspondence in Switzerland.

find out more

Joining Letter After Medical Leave

A Swiss-compliant formal letter documenting an employee's return to work after medical leave, including any modified terms or necessary accommodations.

find out more

Leave Extension Letter

A formal document under Swiss law that extends an employee's existing leave period, outlining the terms and conditions of the extension.

find out more

Transfer Letter To Employee From One Location To Another

A Swiss law-compliant letter documenting an employee's internal transfer to a new location, outlining transfer terms and conditions under Swiss employment regulations.

find out more

Loan Request Letter To Bank

A formal written request for a loan facility addressed to a Swiss bank, outlining the loan requirements and applicant's credentials under Swiss banking regulations.

find out more

Document Submission Letter

A formal Swiss business document used as an official cover letter for submitting documentation to authorities or institutions, compliant with Swiss law and administrative requirements.

find out more

Authorization Letter For Claiming Money

A Swiss-law governed authorization letter that enables a designated representative to claim or collect money on behalf of the authorizer.

find out more

Attachment Application Letter

A formal Swiss law-compliant letter requesting the attachment of additional documents or modifications to an existing agreement.

find out more

Application Letter For Sick Leave

A formal request for sick leave under Swiss employment law, submitted by an employee to their employer with necessary medical documentation.

find out more

Application Letter For Cashier

A formal Swiss-compliant job application letter for a cashier position, following local business correspondence standards and employment regulations.

find out more

Application For Recommendation Letter

A formal request for a recommendation letter under Swiss law, outlining the applicant's background and specific requirements for the recommender.

find out more

Letter Of Commendation

A formal Swiss document recognizing exceptional professional achievement or contribution, governed by Swiss employment law and professional standards.

find out more

Cash Advance Letter

A Swiss law-governed document establishing terms and conditions for providing immediate financial assistance through cash advance, including repayment terms and obligations.

find out more

Leave Application Letter

A formal document used in Swiss employment contexts to request and document time off from work, complying with Swiss employment law and company policies.

find out more

Contract Renewal Letter

A formal letter under Swiss law used to extend an existing contract's duration, outlining renewal terms and any modifications to the original agreement.

find out more

Public Health Cover Letter

A formal Swiss-compliant cover letter for public health-related communications, adhering to federal and cantonal requirements for official health correspondence.

find out more

Guarantor Letter

A Swiss law-governed formal undertaking where a guarantor secures the obligations of a principal debtor to a beneficiary, subject to specific requirements under the Swiss Code of Obligations.

find out more

Care Assistant Cover Letter

A formal application document for care assistant positions in Switzerland, introducing the candidate's qualifications and experience in accordance with Swiss healthcare standards.

find out more

Application Letter For Teaching

A formal teaching application letter compliant with Swiss business standards and cantonal education requirements, used for applying to teaching positions in Swiss educational institutions.

find out more

Vacation Leave Letter For Personal Reason

A formal letter requesting vacation leave for personal reasons under Swiss employment law, documenting leave dates and arrangements.

find out more

Thank You Mail For Promotion

A formal Swiss business communication document acknowledging an employee's promotion and expressing gratitude, serving as an official record while maintaining professional relationships.

find out more

Salary Certificate Request

A formal request document under Swiss law for obtaining official certification of employment income and compensation details from an employer.

find out more

Request Letter For Payment Release

A formal Swiss-law compliant document requesting the release of payment for goods or services, including all necessary payment and reference details as required under Swiss regulations.

find out more

Mail For Maternity Leave

A formal notification letter for maternity leave under Swiss law, including leave dates and arrangements as per federal labor regulations.

find out more

Loan Rejection Letter

A formal Swiss-compliant letter notifying an applicant of their loan application rejection, including mandatory disclosures and rights under Swiss banking regulations.

find out more

Letter Request For Transfer

A Swiss-compliant formal letter authorizing and requesting the transfer of funds between specified accounts, subject to Swiss banking regulations.

find out more

Letter Of Assistance

A Swiss law-governed formal document establishing terms for providing specific support or services between parties.

find out more

Letter For Financial Support

A Swiss-law governed formal declaration of financial support commitment from a guarantor to a beneficiary, typically used for immigration, education, or family support purposes.

find out more

Company Experience Letter

A Swiss-law compliant formal document issued by employers detailing an employee's work history, performance, and conduct as required by Article 330a of the Swiss Code of Obligations.

find out more

Authorization Letter To Collect Cheque

A Swiss-law governed authorization letter enabling a designated person or entity to collect a cheque on behalf of the authorizing party.

find out more

Volunteer Application Letter

A Swiss-law governed application letter for initiating a volunteer relationship with an organization, including personal details and qualifications.

find out more

Reference Letter For Visa Application

A formal supporting document for Swiss visa applications that complies with Swiss immigration laws and provides verified information about the visa applicant.

find out more

Experience Certificate Request Letter

A formal letter requesting an employment certificate from an employer in Switzerland, as entitled under Swiss employment law.

find out more

Cover Letter For Management Trainee

A formal Swiss-compliant cover letter introducing a candidate's qualifications and motivation for a management trainee position, following Swiss business correspondence standards.

find out more

Banking Cover Letter

A formal Swiss banking document that accompanies official banking communications and documentation, adhering to Swiss banking regulations and compliance requirements.

find out more

Application Letter For Bank Statement

A formal request letter to Swiss banks for obtaining official bank statements, complying with Swiss banking laws and customer verification requirements.

find out more

Registration Letter For Company

A formal letter required under Swiss law for registering a new company with the Commercial Register, containing essential company formation details and registration requirements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it