Credit protection insurance –
for anything life throws at you
Credit protection insurance – for anything life throws at you
Residual debt insurance for your personal loan – with payment protection in the event of involuntary unemployment, illness or injury
Apply for a loan with credit protection
Apply for a loan with credit protectionUnexpected events such as involuntary unemployment, illness or injury can change your financial situation almost overnight. With credit protection insurance – also known as payment protection insurance or residual debt insurance – you can protect your personal loan subject to an additional fee.
You can only take out credit protection insurance when applying for a loan. Death is now automatically covered by CREDIT-now at no extra cost, allowing you to remain financially independent – and protect your family from additional stress – when life gets tough.
Tip: If you want to protect your loan repayments, select credit protection when using our loan calculator.
Monthly repayments covered
max. CHF 2,000 per repayment
Scope of coverage
max. 12 repayments per claim
max. 24 repayments over the entire policy term
Monthly repayments covered
max. CHF 2,000 per repayment
Scope of coverage
max. 24 repayments over the entire policy term
Protect your loan from the moment you apply – easily, transparently and at no extra cost
Payment protection insurance takes care of your monthly loan repayments so you can enjoy financial security if you lose your job or fall ill
Our credit default insurance has flexible cancellation terms, making it dependable without any long-term commitment.
Loan amount |
CHF 10,000 |
|---|---|
Annual effective interest rate |
8.9 % |
Term |
36 Months |
Monthly repayment Without credit protection |
CHF 315.95 * |
Monthly repayment With credit protection |
CHF 333.45 ** |
Total interest costs:
* CHF 1,374.20 / ** CHF 1,450.30
Choose your protection online
You can also choose to protect your repayments against incapacity to work or involuntary unemployment in just one click as part of our loan calculator or your loan application. Whatever you decide, death is now automatically covered by BANK-now’s loan agreements.
Submit application
Activate credit protection at the application stage and submit your loan application online together with all necessary documents.
Once your loan application has been reviewed, you will receive a response within three business days. Please return the signed agreement to us by post once your application is approved.
Your protection begins
Your payment protection begins automatically once your loan is paid out. Please contact BANK-now if you need to make a claim, and we’ll pass on your claim to Helvetia Versicherungen.
In the case of an ongoing agreement, it is no longer possible to take out payment protection at a later date. However, you have the option of taking out income protection - as long as you have a valid loan or leasing contract. You can apply for this online here. You can find further information on our website under Products/Insurance, or submit the contact form to arrange a personal consultation.
If you have a loan with BANK-now and become unemployed, call us immediately at 0800 40 40 42. We will report the claim to the insurance company so that they can review your case. We will also discuss the next steps with you.
Please note that all claims in connection with insurance benefits are made directly to the insurance company and not to BANK-now and that, despite the occurrence of the insured event you remain obligated to pay the monthly installments in accordance with the contractual provisions until the insurance company effectively takes over payment of the installments. The occurrence of the insured event does not affect the contractual obligations under the loan agreement.
Loan installments are already insured free of charge in the event of death with all financing solutions from CREDIT-now. In addition, interest and installment payments can be insured against involuntary unemployment and incapacity to work for a fee. Detailed information can be found in the general contractual terms and conditions in the event of death and the general insurance terms and conditions in the event of incapacity to work and involuntary unemployment. We would be happy to answer any questions and clarify any uncertainties you may have via telephone at 0800 40 40 42.
