How Privatkredite work
A standard German personal loan is a Ratenkredit — fixed sum, fixed APR, fixed monthly installments. APR is regulated to include all mandatory fees, making comparison straightforward.
Brokers vs direct lenders
Brokers like CHECK24 and Smava compare 20+ banks in one SCHUFA-neutral inquiry. You almost always get a better rate via a broker than applying to a single bank directly.
Tips to save money
Pick the shortest term you can afford, decline payment protection insurance unless truly needed, and always compare offers before signing.
Personal loan providers
| Provider | Type | From APR |
|---|---|---|
| CHECK24 | Broker | 3.99% |
| Smava | Broker | 3.99% |
| Verivox | Broker | 4.29% |
| ING | Direct bank | 4.59% |
| Auxmoney | P2P | 4.49% |
Frequently Asked Questions
What is the typical APR?
Prime borrowers get 4-6% APR. Average APRs are around 7-9% depending on loan amount, term and credit profile.
Does comparing affect SCHUFA?
No. Reputable brokers use SCHUFA-neutral inquiries for rate comparison.
How long until I get the money?
Typically 2-5 business days after document verification.
Ready to get started?
Open your account in minutes — fully digital, BaFin-regulated, with German IBAN.