Call credit

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A call facility (also demand loan or credit line ) is one of a financial institution granted credit line , the if required by the borrower may be made variable up to the agreed limit in claim and usually leads to repay with monthly installments at variable yields and monthly calculation. It is a relatively small common subspecies of the framework credit for consumers , as an alternative to a credit facility (MRP) applies. In contrast to the so-called overdraft facility, processing is not carried out via the current account, but via a separate credit account.

General

A call-on loan is a less common form of credit for private customers. The bank provides an individual credit line (usually from 2,500 to 25,000 euros, occasionally up to 75,000 euros), the amount of which can be called up in whole or in part at any time. In contrast to an overdraft facility, however, there is systematic repayment via agreed monthly installments, which are either firmly agreed or designed as a minimum repayment. The monthly minimum repayment customary in the market is one to three percent of the loan amount drawn plus monthly interest. The interest rates for a credit line are usually below market interest rates for overdraft facilities , but above those for consumer installment loans .

The call-off loan is usually granted as a blank loan , i.e. without providing collateral and without earmarking . All banks check the creditworthiness and report the credit line to the Schufa (protection association for general credit protection). The loan agreements are i. d. Usually closed for an unlimited period and regardless of whether or not you have a current account with the bank concerned. A commitment fee is usually not charged.

The credit line is also referred to as the framework , and disbursement processes as the call . A flexible amount can be used up to the agreed framework (any amount). The payment of each request occurs i. d. Usually without additional fees. The balance due can be repaid at any time without a prepayment penalty .

distribution

Of the 151 credit institutions surveyed, only 15 banks had a call-on or line credit in their program in 2014. Of these, only 4 banks also offered self-employed or freelance workers a corresponding credit line for private purposes; For this group of customers, call-on or general credit is the only way to bridge financial gaps.

classification

Call-off loans , which require a monthly minimum repayment, represent a hybrid form of framework and installment loans . They are also classified as hidden or disguised, revolving consumer installment loans .

history

In 1981, the former customer credit bank (KKB) was probably the first bank to offer a corresponding consumer credit with a significantly expanded credit line outside the current account with flexible use and variable interest only on the credit amount actually used under the name check credit to a wide range of customers.

In 1984, several major banks followed with corresponding products under different names (e.g. Dresdner Bank : call-off credit ; Deutsche Bank : personal credit ; Commerzbank : private credit ; Bank für Gemeinwirtschaft , BfG: individual credit ).

literature

  • Helmut Keller: Praxishandbuch Finanzwissen: Taxes - Retirement Provision - Legal Issues . Springer, Berlin / Heidelberg 2013, ISBN 978-3-65800750-8 , p. 161 f.

Web links

Individual evidence

  1. ↑ Thomas Hartmann-Wendels et al.: Banking apprenticeship . 6th edition. Springer, Berlin / Heidelberg 2015, ISBN 978-3-642-38127-0 .
  2. ^ Uwe Bestmann: Call-off credit . In: ders .: Börsen- und Finanzlexikon . 6th edition. dtv / Beck, Munich 2013, ISBN 978-3-423-05803-2 , p. 3.
  3. ↑ On- demand credit: Everything within the framework . In: Finanztest , issue 3/2014, pp. 14–16, 96.
  4. ^ Thomas von Plehwe: Dispositionskredit . In: Peter Derleder , Kai-Oliver Knops , Heinz Georg Bamberger (eds.): Handbook on German and European banking law . 2nd Edition. Springer, Berlin / Heidelberg 2009, ISBN 978-3-540-76644-5 , p. 621 ff., Here p. 624.
  5. ↑ Michael Bangert: Interest risk management in banks (= series of publications by the Institute for Credit and Finance . Vol. 13). Gabler, Wiesbaden 1987, ISBN 3-409-14721-7 , p. 312.
  6. ↑ Erich Karsten: Phases of the development and market launch of a product in a branch bank . In: Joachim Süchting , Eckart van Hooven (Hrsg.): Handbuch des Bankmarketing . Gabler, Wiesbaden 1987, ISBN 3-409-14709-8 , pp. 135-140.
  7. ↑ Innovations in Consumer Credit . In: Creditplus Bank AG: Anniversary newspaper: 50 years Creditplus Bank , April 2010, p. 4, accessed on November 24, 2017 (PDF) .