Insurance benefit in the event of unemployment

• Payment of monthly installments (up to max. 12 installments per unemployment event and max. CHF 2'000.- per installment); up to max. 24 installments over the entire term of the contract
• Duration of insurance: unlimited with a notice period of three months to the end of the month.

Insurance benefits in the event of incapacity to work

• In the event of temporary incapacity to work: payment of monthly installments (up to max. 12 installments per claim and max. CHF 2'000.- per installment); up to max. 24 installments over the entire term of the contract
• In the event of permanent incapacity to work due to disability: payment of residual debt up to max. CHF 100'000.-.
• Duration of insurance: unlimited with a notice period of three months to the end of the month.

Conditions

• Minimum age of 20 years old at conclusion of contract, maximum age of 65 years old at contract expiration.
• No knowledge of an existing illness and not suffering from the consequences of an accident.
• No absence from work of more than 20 days due to illness/accident and no hospital stay of more than 10 days in the past 12 months.
• No knowledge of imminent dismissal and no imminent early retirement.
• Permanent and uninterrupted employment relationship for at least six months with at least 25 hours per week.
• Main residence in Switzerland.

Calculation example for CREDIT-now

Loan amount of CHF 10'000.- at 8.9 % effective annual interest rate with a term of 36 months.

Without credit protection insurance per month * CHF 315.95
With credit protection insurance per month ** CHF 333.45

Overall interest costs:
* CHF 1'374.20 / 1'450.30