Updated on 26 April 2019
Migros Bank was founded in 1958 by Gottlieb Duttweiler. The bank operates as a subsidiary of Migros Cooperatives Federal. As a cooperaive bank Migros Bank states good customer relationships rather than profit maximization as a goal. This allows Migros Bank to offer both private and commercial customers the most important banking services of good quality at attractive conditions.
Bank-now was founded in 2006 and now operates is a 100% subsidiary ofCredit Suisse AG.Bank-now specializes in credit and leasing solutions for private persons and SME companies.The bank offers credit cards, loans, and insurance products, as well as financingfor new and used cars.
Cembra Money Bank, headquartered in Zurich Altstetten, is dedicated to create financial flexibility for its customers providing "flexible solutions for individual objectives". Cembra Bank offers loans, leasing arrangements, credit cards and savings products.
Switzerland: This product is offered to Swiss residents only. When clicking on the product link you will be redirected to the product page in German, French or Italian.
Car loans are secured or unsecured loans provided to customers for the purpose of purchasing a new or used car. Used cars private purchases are financed as a rule with unsecured loans, while the purchase of new cars - via secured loans with the car used as the loan collateral. In terms of repayment, car loans are normally installment loans (i.e., such a loan is repaid in equal installments until the loan is paid off at the end of its term).
The table above shows essential details of selected car loans offered to retail customers by the banks in Switzerland: currency, effective rate per annum and loan term in months. The car loans terms vary from 6 month to 7 years (84 months).The effective borrowing rates are within the range 5.90 - 9.95 %.