Legal information
These general terms describe the principles applicable to the financing presented on this website. The conditions applicable to your loan are solely those of the offer and the contract given to you, which prevail over this page.
Applications concern amounts between €1,000 and €250,000, repayable over a term of 12 months to 120 months, subject to assessment and approval of the application.
Before any offer is made, the borrower's creditworthiness is assessed in accordance with section 505a of the German Civil Code (BGB), on the basis of the information and supporting documents provided and, where applicable, information obtained from credit reference agencies. The agreement may only be concluded if this assessment shows that the borrower is likely to be able to repay the loan. If an application is refused because of information obtained from such an agency, you will be informed of this without delay, together with the information obtained (section 30(2) of the German Federal Data Protection Act, BDSG).
The borrowing rate and the annual percentage rate of charge (APR) are fixed for the entire term of the loan. They are disclosed to you before any commitment, together with the monthly instalment, the total amount repayable and the total cost of the loan.
Before the agreement is concluded, you receive the pre-contractual information required by law (section 491a BGB and Article 247 of the Introductory Act to the German Civil Code, EGBGB), together with a proposal and the provisional repayment schedule. On request, you can obtain a copy of the draft agreement free of charge.
You may withdraw your contractual declaration within 14 days without giving reasons (sections 495 and 355 BGB). The period begins after the agreement is concluded, but not before you have received the mandatory information under section 492(2) BGB; sending your withdrawal before the period expires is sufficient to meet the deadline. A withdrawal form is attached to your agreement.
The loan is repaid in constant monthly instalments, by SEPA direct debit from the bank account designated by the borrower, in accordance with the repayment schedule appended to the contract.
You may repay your loan in full or in part at any time before the end of its term (section 500(2) BGB). The total cost of the loan is then reduced by the interest and costs relating to the remaining term (section 501 BGB). For a loan with a fixed borrowing rate, the lender may claim reasonable compensation for early repayment, which may not exceed 1% of the amount repaid early, or 0.5% if the remaining term does not exceed one year, nor the amount of borrowing interest that would have been paid during that period (section 502 BGB).
In the event of late payment, the lender may claim, within the limits set by the applicable regulations, default interest calculated at the borrowing rate of the loan on the sums remaining due and, where applicable, compensation capped by law.
Where insurance is offered, whether it is optional or mandatory, its cost and its cover are stated before any commitment. Where it is required, you may take out insurance offering an equivalent level of cover with the insurer of your choice.
Warning: borrowing money costs money. Check that you can afford the repayments before committing.