Loan or mortgage –
which is worth it?
Loan or mortgage – which works best for homeowners?
Comparing financing solutions
for homeowners
Comparing financing solutions for homeowners
Take advantage of your homeowner status
Apply for a homeowner loanAre you a homeowner looking to finance a new project such as a renovation, a heat pump or new furniture? If so, you will no doubt have asked yourself: do I need a loan or a mortgage?
A conventional loan is often the simplest solution if you are looking to borrow up to CHF 250'000 – especially for homeowners.
BANK-now has a special offer for this situation: Take advantage of attractive interest rates starting as low as 4.9% (depending on credit score) – with no additional property valuation, mortgage increase or notary costs. The loan is paid directly into your account, and you can choose the term that’s right for you. Best of all, how you use your loan is entirely up to you – and you can pay it back flexibly at any time at no additional cost.
Interest rate starting from 4.9% (depending on credit rating)
No land registry change required
No notary or valuation costs
Flexible terms (6 to 84 months)
Loan quickly paid out directly to your account
Loan amount in CHF
5'000 to 250'000
Term
6 to 84 months
Annual effective interest rate for homeowners
4.9% - 8.9%
For homeowners in Switzerland (depending on credit rating)
Conditions for your exclusive homeowner loan
Additional benefits
Disbursement and repayment
You can apply to increase your loan amount or adjust the term of your loan at any time. If you pass the repeat solvency check, your existing credit agreement will be replaced with a new one.
You can defer your monthly loan payments on two separate occasions free of charge.
*Please note that our online special offers do not include a repayment holiday.
We switch your outstanding loans and credit card obligations from other providers and combine them into a single loan.
Even if the statutory withdrawal period has elapsed, you can still repay the money free of charge within ten days of it having been paid out to you.
* Please note that our online special offers do not include a right of withdrawal.
We show you how much more money you can borrow with us. We will consider an increase upon request and replace your existing loan agreement with a new one once you have successfully completed another credit check.
We make sure that your monthly loan instalments fit your budget. Our certified team of experts will provide you with personalised advice free of charge in one of our branches throughout Switzerland or over the telephone. Alternatively, you can work out your potential credit limit easily online with our credit limit calculator.
We are there for you – before, during and after you take out a new loan, online, by telephone or face-to-face in your local branch in Switzerland.
Our 80 experts are on hand to provide you with clear and accessible advice in more than 15 languages.
Your instalments can be insured for a fee and will be covered in the event of involuntary unemployment or incapacity to work.
Plan in advance
Use our calculator to work out the amount you want to borrow and the term you need for the financing you want.
This will give you a quick overview of your monthly installments.
Get everything ready
Send your application directly to us online. To do this, we need:
- Official ID document (passport, identity card, driver’s license or residence permit for foreign nationals incl. front and back)
- Land register entry: obtained directly by BANK-now – at no cost to you!
- Most recent payslip (optional)
- For second applicant: Official ID document and, optionally, most recent payslip.
Once this information has been successfully reviewed, you will receive a response within one business day. If you are happy with the offer, simply return the signed agreement to us.
Start making your plans a reality
Your loan amount will be paid directly into your account after the 14-day statutory cooling-off period. This means you can get started on your personal project right away – without increasing your mortgage or booking an appointment with the notary.
If you change your mind, you have 10 days to repay the loan free of charge with our cancellation policy, even after the cooling-off period has expired.
Don’t worry about unexpected events any more – with our credit insurance, you’re always on the safe side. Protect your loan and maintain your financial independence.
Loans can be approved for people who meet the following criteria:
In accordance with the Swiss Consumer Credit Act (CCA), credit approval is generally granted only after a solvency check has been completed and is prohibited if it would lead to excessive debt (Art. 3 of the Swiss Federal Act against Unfair Competition, UWG).
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.
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.
