BANK-now online loan in Switzerland
More and more borrowers in Switzerland want to apply for their loan completely digitally. A so-called online loan makes it possible to submit the entire loan application from the comfort of your own home - without an appointment at a bank branch.
Even with BANK-now a large part of the credit process is now digitalised. Interested parties can submit their loan application online and enter the most important details directly in the form.
Various factors are checked, including income, housing situation, existing obligations and creditworthiness. The bank checks this information as part of the statutory creditworthiness check.
If you would first like to get an overview of all the credit options, you can find the comprehensive Credit comparison Switzerland. Applying for a BANK-now loan in Switzerland - requirements and procedure
How does a BANK-now online loan work?
The online loan application is a multi-step process. Although the process is digital, the same legal requirements apply as for a traditional loan application.
The process typically looks like this:
- Fill in credit application online
- Automatic preliminary check of the data
- Credit check and ZEK enquiry
- Submitting the documents
- Credit decision
- Statutory waiting period
- Payout
However, many borrowers decide in favour of a loan comparison because this allows several banks to be checked at the same time.
You can find more information here BANK-now Credit Switzerland.
Examples of online loans
| Loan amount | Runtime | Monthly instalment | Total amount |
|---|---|---|---|
| 8'000 CHF | 24 months | approx. 365 CHF | 8'760 CHF |
| 15'000 CHF | 36 months | approx. 455 CHF | 16'380 CHF |
| 30'000 CHF | 60 months | approx. 610 CHF | 36'600 CHF |
The actual interest rates depend on the creditworthiness and financial situation.
Further information on Personal loans
Requirements for an online loan
An online loan application does not mean that fewer requirements apply. Banks still have to check whether a loan is sustainable in the long term.
| Prerequisite | Explanation |
|---|---|
| Minimum age | 20 years |
| Residence | Switzerland |
| Income | Minimum income CHF 3000 net. |
| Creditworthiness | Positive credit check |
The creditworthiness check is required by law and is intended to prevent consumers from becoming overindebted.
More about the KKG. How does a BANK-now loan work in Switzerland??
What documents are required online?
Certain documents must also be submitted with a digital application.
| Document | Purpose |
|---|---|
| Copy of identity card | Identity check |
| Payroll accounting | Proof of income |
| Health insurance bill (only on request) | Examination of the financial situation |
| Rental agreement | Calculation of housing costs |
Today, these documents can usually be uploaded directly online. BANK-now personal loan Switzerland - all information about the loan application
Important information on BANK-now loans
Duration of an online loan application
Many applicants hope that an online loan will be paid out immediately. However, clear legal rules apply in Switzerland.
| Step | Duration |
|---|---|
| Online application | a few minutes |
| Preliminary examination | a few hours |
| Credit decision | 1-2 days |
| Statutory waiting period | 14 days |
| Payout | immediately afterwards |
The 14-day period is prescribed by law. It is only waived for loan amounts over CHF 80,000. Requirements for a BANK-now loan
Advantages of an online loan
A digital loan application offers several advantages for borrowers.
The most important advantages include
- Application possible at any time
- Quick overview of credit options
- Digital document transmission
- No appointments required at the bank branch
Nevertheless, many prospective borrowers compare several providers in order to obtain better conditions.
More information about the BANK-now Credit Switzerland can be found here.
Experience with online loans
Online loans have become firmly established in Switzerland. Many banks are digitalising their credit processes in order to process loan applications more quickly.
Also BANK-now now offers extensive online application options. Nevertheless, the same credit checks and legal requirements still apply as for traditional loans.
An online loan with BANK-now enables a quick and uncomplicated loan application. Nevertheless, borrowers should compare different providers in order to obtain the best conditions.
credXperts helps prospective borrowers to find suitable financing options and increase their chances of being approved for a loan. BANK-now credit experience, interest rates and credit options
FAQ - BANK-now online loan
Is it possible to apply for a BANK-now loan completely online?
Yes, many steps of the loan application process can now be carried out completely digitally. Applicants enter their personal data online, upload the required documents and usually receive an initial response within a short time. Nevertheless, banks still have to carry out all statutory checks.
How long does an online loan application take?
The actual application often only takes a few minutes. However, the subsequent review can take one to two days. After that, the statutory waiting period of 14 days applies.
How much can an online loan be?
The maximum possible loan amounts can be up to CHF 80,000. However, the actual amount depends on income, expenses and creditworthiness.
What role does creditworthiness play?
Creditworthiness is one of the most important factors in the credit decision. Among other things, banks check income, existing loans and possible entries with the ZEK. BANK-now Financing Switzerland - Check credit online
Do I have to upload documents?
Yes, documents must also be submitted for an online loan so that the bank can check your financial situation.
Can an online loan be rejected?
Yes, if the creditworthiness check shows that a loan would not be financially viable, the bank must reject the application.
Can I apply for several online loans at the same time?
Multiple requests to different banks can be problematic as they are registered with the ZEK.
Is early repayment possible?
Yes, loans can be repaid in full at any time.
How are online loans paid out?
Once the statutory waiting period has expired, the loan amount is transferred to the specified bank account.
Why is a loan comparison worthwhile?
A comparison makes it possible to check several banks at the same time and find better conditions.
Further information about BANK-now loans
BANK-now is one of the established credit banks in Switzerland and offers personal loans for different needs. Many borrowers are particularly interested in the requirements, the credit check and the online loan application process. On the following pages you will find detailed information about loans from BANK-now, the loan application process and possible alternatives.
You can use credxperts not only to request a BANK-now loan, but also to compare different loan offers. This increases your chances of a quick loan approval and often also of better conditions.