Interest and Fees
for a Pawn Credit
The interest for a pawn credit amounts to 1% per month.
Additionally, according to § 11 PfandleiherVO (paragraph 11 of the pawn brokers regulations) monthly fees accrue from business operation in excess of:
Monthly fees for credits up to € 300,00:
€ | ||
Credits up to € | 15,00 | 1,00 |
Credits up to € | 30,00 | 1,50 |
Credits up to € | 50,00 | 2,00 |
Credits up to € | 100,00 | 2,50 |
Credits up to € | 150,00 | 3,50 |
Credits up to € | 200,00 | 4,50 |
Credits up to € | 250,00 | 5,50 |
Credits up to € | 300,00 | 6,50 |
Monthly fees for credits from € 300,00:
€ | ||
Credits from € 300,00 | Every € 100,00 Credit | 3,00 |
Credits from € 1.000,00 | Every € 100,00 Credit | 2,50 |
Credits from € 5.000,00 | Every € 100,00 Credit | 2,00 |
Further costs for processing, appraisal and storage do not accrue.
Example:
Credit | Interest | Fees | Total | ||||
---|---|---|---|---|---|---|---|
50,00 | € | 0,50 | € | 2,00 | € | 2,50 | € |
240,00 | € | 2,40 | € | 5,50 | € | 7,90 | € |
500,00 | € | 5,00 | € | 15,00 | € | 20,00 | € |
1.000,00 | € | 10,00 | € | 25,00 | € | 35,00 | € |
5.000,00 | € | 50,00 | € | 100,00 | € | 150,00 | € |