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Conditions for a loan against motor vehicles as collateral

The conditions for a loan against collateral with easy-PFAND in Hanover, Hemmingen or Bochum are transparent for you to access at all times. There are no hidden costs. The interest and fees are here for you to consult anytime. The invoice samples are intended to give you an overview of the calculation.

Loan interest

We calculate the legally stipulated loan interest for your loan. Per month this amounts to:

Loan interest 1%

Reimbursement of costs

The monthly reimbursement of costs is stipulated by the legislator for a loan of up to EUR 300.00 as follows:

Loans Reimbursement of costs
Up to EUR 15.00 EUR 1.00
Up to EUR 30.00 EUR 1.50
Up to EUR 50.00 EUR 2.00
Up to EUR 100.00 EUR 2.50
Up to EUR 150.00 EUR 3.50
Up to EUR 200.00 EUR 4.50
Up to EUR 250.00 EUR 5.50
Up to EUR 300.00 EUR 6.50

 

As from a loan of EUR 300.00 the following interest per month is applicable:

Loans Reimbursement of costs
From EUR 300.00 3.5%
From EUR 5000.00 3.0%
From EUR 10,000.00 2.5%

Stand fees in the case of loans against motor vehicles as collateral

The stand fee is calculated per day. It includes the secure sheltering of and technical support for the pledged property. Decisive for the calculation is the day the loan agreement was concluded. Partial repayments during the duration of the loan are permissible at any time!

Vehicle Stand fees per day
Motorcycle EUR 1.50
Passenger car EUR 2.50
Lorry or truck/RV EUR 4.00

Invoice samples

Example 1:
Loan amount of EUR 1000.00 for a period of 30 days

Loan interest EUR 10.00
Reimbursement of costs (3.5%) EUR 35.00
Passenger vehicle stand fees EUR 75.00
Total EUR 120.00

 

Example 2:
Loan amount of EUR 5000.00 for a period of 30 days

Loan interest EUR 50.00
Reimbursement of costs (3.0%) EUR 150.00
Passenger vehicle stand fees EUR 75.00
Summe EUR 275.00

 

Example 3:
Loan amount of EUR 10,000.00 for a period of 30 days

Loan interest EUR 100.00
Reimbursement of costs (2.5%) EUR 250.00
Passenger vehicle stand fees EUR 75.00
Total EUR 425.00