The effective interest rate is calculated based on creditworthiness and shared with the borrower after the application is reviewed.

Creditworthiness describes the ability of a person to repay the debt they take on. A leasing or credit client's creditworthiness indicates the likelihood that the client will be able to make the required repayments. Solvency is assessed within the scope of the Swiss Consumer Credit Act (CCA). In addition to solvency, the check also covers creditworthiness, which serves to assess whether the client is trustworthy based on their credit history.
 

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.

In order to process your credit application, we need the following documents:

• A copy of your official form of ID (passport, identity card, driver's license, or foreigner's ID card [front and back]).
• A copy of a proof of income in the form of pay slips for the past three months.

As a loan provider, we have a great responsibility toward you and society. We rise to this responsibility by valuing personal consultations, so that we can address your needs and options and resolve any uncertainties. We take our time to answer your questions and explain possible risks in advance. The thorough credit or solvency check we carry out when you apply (within the scope of the Swiss Consumer Credit Act, CCA) ensures that you can afford the loan. It is therefore entirely in your interest for the credit approval process to be handled with care.
(Information leaflet from the KFS [Swiss Consumer Finance Association] on responsible lending and possible risks in the event of misfortune for the borrower)