This English translation is provided for your convenience. In the event of any discrepancy, the German version is legally binding.
I acknowledge that Iberica Kredit GmbH (hereinafter the “Broker”) will forward my application for assessment to BANK-now AG, Cembra Money Bank AG and Migros Bank AG (each hereinafter the “Lender”) via the internet, by email or by fax/post. I further acknowledge and confirm the following:
1. Assessment of the application and credit information
I confirm that all the information I have provided in this application is complete, up to date and correct. In connection with the assessment of this application and the performance of the contractual relationship, I authorise the Lender to obtain information about me from third parties, in particular banks, the Swiss Central Office for Credit Information (ZEK), public authorities (e.g. debt collection, land registry and tax offices, residents’ registration offices, child and adult protection authorities), credit reference agencies, credit brokers, employers, group companies of the Lender and, where applicable, the Consumer Credit Information Office (IKO). For these purposes, I release these bodies from banking, postal, official and business secrecy.
I acknowledge that the Lender may be obliged to report a consumer lease or a consumer loan (to be) granted to the Consumer Credit Information Office (IKO). I also authorise the Lender to notify the ZEK of the requested transaction and, where required by law, to report it to other bodies. Such reports include, in particular, the type, amount and terms of the loan or financing, the personal details of the applicant(s) and, where applicable, qualified payment arrears or misuse. I acknowledge the right of the ZEK to provide its members with information on the data reported. The Lender may reject the application without giving reasons.
2. Cooperation with brokers
I acknowledge that, for applications received through a broker, the Lender may exchange with that broker the information required in connection with the assessment of the application and creditworthiness as well as the conclusion and performance of the contract (e.g. parameters and outcome of the assessment, delivery of contract documents, information on contract status, payment behaviour and balance). To this extent, and insofar as necessary, I release the Lender from banking secrecy.
3. Information about partners
If I have provided information about my spouse or registered partner (“Partner”) in the application, I confirm that (i) I have informed my Partner about this application, (ii) the Lender may verify the above information by contacting my Partner directly, and (iii) my Partner agrees that the Lender may obtain information about them as described above (including informative enquiries with the ZEK).
4. Data processing
I acknowledge that the Lender may process my data to assess my application and for risk assessment and marketing purposes (data analysis and profiling). Other products and services, including those of the Lender’s group companies and other third parties, may also be offered to me by post or telephone. I may object to this processing for marketing purposes at any time.
By providing my email address, I also agree that the Lender may send me the above offers by email. In connection with unencrypted email communication, I expressly accept the risk that my data may be intercepted or disclosed by third parties during transmission, or that unauthorised third parties may infer a contractual relationship between the Lender and me, and that confidentiality and banking secrecy cannot be guaranteed to that extent. I may withdraw my consent to receiving advertising electronically at any time.
5. Use of service providers (outsourcing)
I acknowledge that the Lender may outsource services to third parties (“Service Providers”), in particular in the areas of business process handling, IT security and systems management, market research and marketing, the calculation of business-relevant credit and market risks, and the administration of contractual relationships (e.g. application and contract processing, debt collection, customer communication). The Lender provides these Service Providers with the data required to fulfil their contractual obligations and may also transfer this data abroad for this purpose. Service Providers, their employees and subcontractors are contractually bound to confidentiality by the Lender.
Service Providers are usually based in Switzerland or the EU/EEA, but may in principle be located anywhere in the world. If personal data is transferred to a country that, from a Swiss perspective, does not provide an adequate level of data protection, the Lender ensures adequate protection through appropriate safeguards, such as standard contractual clauses.
6. Electronic communication
I acknowledge that communication between the Lender and me, or the Broker, may take place via electronic channels. Neither the Broker nor the Lender can guarantee the confidentiality of data transmitted over the internet. Third parties may therefore be able to infer an existing or prospective business relationship (possibly a banking relationship) between the Lender and me.
Further information on how the Lender processes personal data can be found in the privacy policy on the Lender’s website or requested directly from the Lender. Information on how Iberica Kredit processes your data can be found in our privacy policy.
Lending is prohibited if it leads to over-indebtedness (Art. 3 UWG).