Interest & fees
The interest and fees for a pawn loan were fixed by the state in 1961 and have remained unchanged since then. The loan costs are made up of the base rate (1% per month), compensation for expenses arising from the correct storage and insurance of the pawn and loan processing - these are dependent on the specific loan amount. Especially over short periods of time, pawn loans can be cheaper than comparable bank loans.
FEES UP TO 300 EUROS
The interest charged on a pawn loan amounts to 1% per month.
The monthly fees for operating costs are also regulated by the German Pawn Loans Act.
|1,00 €||For loans up to||15,00 €|
|1,50 €||For loans up to||30,00 €|
|2,00 €||For loans up to||50,00 €|
|2,50 €||For loans up to||100,00 €|
|3,50 €||For loans up to||150,00 €|
|4,50 €||For loans up to||200,00 €|
|5,50 €||For loans up to||250,00 €|
|6,50 €||For loans up to||300,00 €|
For information on fees for higher loans, please do not hesitate to call us on
+49 (0)261 133 080.