Bank now AG
The Swiss Bank-now AG is a specialist in the consumer credit and leasing business. Its main business is in private consumer loans and leasing business for consumer goods for private individuals and small companies.
Today, Bank-now AG is a wholly owned subsidiary of the Credit Suisse Group. It was formed in 2006 through the merger of the two business areas of private credit and leasing of Credit Suisse and City Bank AG.
Bank-now AG is based in Horgen in the Swiss canton of Zurich. The company also maintains several branches in Basel, Lucerne, Sion, Schaffhausen, Chur, Lausanne, Zurich, Bern, St. Moritz, Baden and other places.
Loans offered by Credit now
Besides the main credit offer - Credit-now Classic - , Bank-now also offers other interesting products:
- Credit-now Casa (loan to finance home ownership)
- Credit-now Flex (Loan for flexible financing)
- Credit-now Diploma (credit for financing further education and training)
The Credit now Classic loan
The Credit now Classic offers individual options, depending on personal needs and individual requirements. The bank allows a contract term of between 6 and 84 months. In addition, loans between CHF 1,000 and CHF 250,000 are possible. In principle, the term can be extended and must be agreed individually.
Bank-now grants the private loans at effective interest rates between 6.9% and 9.9% (for homeowners 5.4% - 6.9%) . Which interest rate is charged depends on individual factors such as creditworthiness and the intended purpose. The specific interest rate is determined with the help of the loan application.
A number of important conditions apply to the granting of a loan. For example, the applicant's place of residence must be in Switzerland. Furthermore, a minimum age of 20 years applies. The loan is valid either for Swiss citizens or residents with a C settlement permit or a B, L or G residence permit.
Advantages Credit now Classic
For Bank-now AG, a sense of responsibility and transparency are among the most important values with regard to lending. Therefore, the bank can only grant a loan if its affordability can be guaranteed and the customer is not threatened by over-indebtedness.
The advantages at a glance:
- Flexibility regarding the size and duration of contract
- Budgeting possible through fixed monthly rates
- High level of transparency
- Prompt processing
- Early repayments are possible
- Monthly rate can be deferred twice within the term
- Remission of residual debt in case of death
- Protection in the event of unemployment or disability
The application is checked promptly and the credit decision is followed by a non-binding offer from our partners. If the contract is concluded, the loan is paid out after the statutory cooling-off period of 14 days.