According to a communication dated December 15, 2020, the Federal Department of Justice and Police (FDJP) set the maximum interest rate for consumer loans for 2021.
It remains unchanged compared to the previous year:
- Barkredite: 10 % p.a.
- Overdrafts: 12% pa
The refinancing costs of the banks were taken into account to determine the maximum interest rate.
Since the relevant three-month Libor is still in the negative range, the FDJP again had to set the maximum interest rate at the minimum value specified in the VKKG (10% or 12%).
Additional information
–
Those
LawMedia editorial team
–
The following two tabs change content below.
–
–
Find a lawyer
Do you have a legal problem and need support from a lawyer? On GetYourLawyer – the lawyer platform in partnership with LawMedia AG – you will find the right lawyer for every case.
–
–
Related posts:
Samsung Electronics Unveils Galaxy S23 TE and X Cover Pro TE: Tactical Edition Smartphones for U.S. ...
The Roman Days of Autun bring the history and heritage of the city back to life throughout the weeke...
ℹ Is it difficult to get a mortgage?
Chevrolet Trailblazer Tops in Automobile Exports, Reaching All-Time High
