Cost example
Transparency at Pfando.at: A pawn loan of e.g. EUR 25,000.00 over a term of one month results in an imputed monthly installment of EUR 1,000.00 and a total debt amount of EUR 26,000.00. If all costs are taken into account, the total cost for the customer is EUR 26,000.00, which corresponds to 48.00% of the debt amount per year. The effective cost factor including all fees (effective annual interest rate) is a maximum of 48.00% per year. All information on www.pfando.at is free of charge. Inquiries are checked without obligation and processing is free of charge until the customer accepts the offer. The brokerage fee is only charged after express confirmation or commissioning by the customer.
Minimum repayment period: 1 month
Maximum repayment period: 1 month
Maximum APR incl. interest rate, fees and all applicable charges: 48.00%
Typical example of the total cost of the loan including all fees:
| Pawn credit | Execution fee 0.5% | Loan interest 1.75% per month | Manipulation fee 1.75% per month | Total monthly costs | Effective annual interest rate |
|---|
| 25,000 € pledge loan | 125 € | 437,50€ | 437,50 € | 1.000 € (4,00%) | 48,00% |
* This text has been translated automatically. Despite careful checking, translation errors cannot be ruled out.
