Bank-now AG

Bank-now AG is a Swiss consumer-finance institution focused on unsecured personal loans and vehicle financing/leasing for private customers, distributed nationwide via an online application platform, phone support, and a network of partner dealerships; it does not offer current accounts, savings products, or investment services and is therefore not a full-service retail bank. The company is supervised by FINMA and operates under the Swiss Consumer Credit Act (KKG/LCC), which governs affordability checks, mandatory consultation of credit registers (e.g., ZEK), a statutory 14‑day revocation period, and the right to early repayment; underwriting typically requires proof of identity and residence, recent income documentation, and a budget assessment to comply with the Swiss ban on over‑indebtedness. Personal loans are paid out to a customer’s bank account after contract execution and, in practice, usually only after the cooling‑off period expires; pricing is risk‑based and depends on creditworthiness, loan amount, and term within legal rate caps, and the total cost reflects interest plus any optional add‑ons such as payment protection insurance. Vehicle financing is offered directly and through car dealers under leasing or loan structures, with terms and residual values set by contract and standard obligations regarding maintenance, insurance, and mileage. Customer service is available in German, French, and Italian, and applications can be initiated digitally with identity verification completed online or in person as required; servicing continues through online channels, phone, and mail. Bank-now AG has historically been part of Credit Suisse’s consumer-finance operations and now sits within the UBS Group perimeter following the acquisition, operating as a separate legal entity focused on standardized credit products for Swiss‑domiciled borrowers; customers seeking deposits, cards, or everyday payment services must use a separate banking relationship.