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TERMS OF USE

Please read the terms of use carefully. By accessing this CG24 Group AG website (hereinafter the "CG24 Website") and the pages belonging to it, you declare that you have understood and agree to the following terms of use and legal information.

1. Introduction

On the CG24 Website, users (hereinafter also the "borrowers") have the opportunity to submit a loan application. CG24's business model consists of bringing together users or borrowers and investors who finance the loans. Users may submit an anonymous loan application on the CG24 websites. Investors can also purchase loan receivables from other investors or resell their own loan receivables.

2. Target group

The Private Credit Website is aimed exclusively at natural persons with unlimited capacity to act and who are resident or domiciled in Switzerland or Liechtenstein. The other CG24 websites are aimed exclusively at natural persons or legal entities domiciled or having their registered office in Switzerland or Liechtenstein. The CG24 websites are not directed at minors, natural persons or legal entities domiciled or having their registered office outside Switzerland or Liechtenstein.

3. Registration and use

Anyone wishing to use CG24's services must first register. Registration is carried out by opening a personal user account (hereinafter referred to as "Account"), subject to the acceptance of the applicable terms of use.

In addition to legal entities, registration is only open to natural persons of full legal capacity who are of age. Minors (i.e. persons who have not yet reached the age of 18), natural persons and legal entities with residence or registered office outside Switzerland or Liechtenstein are excluded from using the CG24 website and the products and services offered on it. Only one account may be held per user; the account is personal and non-transferable.

The user undertakes to provide the information required for registration completely and truthfully. Changes must be made immediately so that the information is complete and correct at all times. Registrations that are incomplete will be deleted by CG24 after an appropriate period of time.

In the event of false or fraudulent information, CG24 reserves the right to terminate the user agreement and all further contractual relationships with the user without notice.

Registration does not entitle the user to have their loan application posted on a CG24 website. CG24 reserves the right to reject submitted applications without stating a reason and not to display them.

4. Costs and fees

Registration on a CG24 website is free of charge. CG24 will pass on any costs incurred by the user to the user in accordance with the fee regulations. In addition, all third-party charges (e.g. postal charges, costs for ordering securities, etc.) will be invoiced separately to the user.

Overview of fees

5. Data security and use of data

Users must provide the service with certain information including:

First and last name, place of residence and address, username, e-mail address, description of the loan application and, as a borrower, information on financial circumstances, etc.

This information is stored on servers. The data is used by CG24 exclusively for the fulfilment of the service and for marketing purposes. In particular, the user agrees that CG24 as well as affiliated group companies may occasionally send information about the company, its products and services to his postal and e-mail address as well as by SMS. The user acknowledges that they may refuse the use of their customer data for marketing purposes at any time by writing to CG24 Group AG, Baslerstrasse 60, 8048 Zurich and by sending an e-mail or e-message to info@cg24.com. If the user does not object, they agree to the use of their data for marketing purposes. For these purposes, the data is stored in a database. CG24 makes reasonable efforts to protect the data of users and to safeguard their privacy.

The user is requested to provide personal data at various points on this CG24 website. Due to the nature of the Internet, the data may circulate across borders via servers abroad. If the user decides to send CG24 personal data via the Internet or e-mail, this data will be handled in accordance with the applicable data protection regulations and secured against unauthorised access by third parties. The data is processed by and for CG24 and affiliated group companies, and third parties in Switzerland and abroad may also be commissioned to process it. CG24 and affiliated group companies use the data exclusively for executing the contract and for the purposes expressly stated in the terms of use and the General Terms and Conditions of CG24.

It should be noted that confidentiality cannot be fully guaranteed when sending e-mails. Under certain circumstances, e-mails can be viewed, forged, falsified or deleted by third parties. E-mails may also contain harmful computer programs such as viruses, worms and Trojans.

By using the CG24 websites, the user agrees to the processing of the data collected about them in the manner and for the purposes described above. Further details can be found in the currently valid CG24 data protection declaration.

6. No guarantee, advice or recommendation (investor)

CG24 carefully checks the creditworthiness of users. Within the scope of the check, CG24 relies on the information provided by the user and the documents submitted by the user in this context. The result of the verification does not constitute a guarantee of the borrower's solvency nor a recommendation to purchase the loan receivable in question. CG24 accordingly accepts no liability for any losses incurred by investors as a result of loan defaults. In particular, CG24 does not provide any advisory services. Investors are expressly advised that in purchasing loan receivables they are exposed to certain risks, which may include the loss of part or all of the amount of the receivable.

7. Cookies and Google technology

Please refer to the CG24 Privacy Policy for further details.

8. No offer

The information published on the CG24 websites does not constitute an invitation, an offer or a recommendation to enter into a loan agreement, to purchase a receivable, to carry out certain transactions or to carry out or enter into any other legal transaction.

9. Disclaimer of warranty and liability

CG24 provides the information on the CG24 websites without any warranty of any kind. It assumes no responsibility and provides no warranty for the functionality, faultlessness or virus-free nature of the CG24 websites.

Any liability of CG24 for direct or indirect damage resulting from access to the parts of the CG24 websites or their use or from the impossibility of access or use is expressly excluded. CG24 also rejects any liability for manipulation of the computer system of the Internet user (viruses, worms, Trojans, etc.) by third parties.

Users may not make their account available to third parties and are fully liable for all activities carried out using their account. The password and username must be kept secret and may not be made accessible to third parties. In the event of any misuse, CG24 shall not be liable.

10. Links

CG24 refers to hyperlinks to other websites on the CG24 websites. CG24 has not checked these hyperlinks and is not responsible for the content of the linked websites. Connecting to other websites is at the user's own risk.

11. Copyright

All parts of the CG24 websites are protected by copyright and trademark law. Any commercial use of parts of the websites is only permitted with CG24’s prior written consent.

12. Amendments to the terms of use

CG24 reserves the right to amend these terms of use at any time. Such amendments will automatically come into force upon publication on the CG24 websites. 

13. Jurisdiction and applicable law

The exclusive place of jurisdiction for all disputes between users of the CG24 websites and CG24 arising from the operation or visit or use of the CG24 websites shall be the CG2’s registered office. CG24 is also free to take legal action at the user's place of residence. Swiss substantive law shall apply. 

Version December 2021