Deposit loan
Deposit loans describe the deposit of an investor in a special form of the redemption bond . On the basis of the deposit, the investor receives a multiple of his deposit as a loan after closing a tranche and a further 90 banking days (corresponds to approx. 4 to 5 months) .
This loan is interest-free and redemption-free, as the redemption is carried out by a foreign bank, which lends 5 to 10 times the deposited deposit, retains part of it and earns repayment and interest from the retained part.
The remainder, usually five times the deposit, should then be paid out to the investors.
criticism
The term is not undisputed. Critics complain that the lending bank - taking into account all costs - would have to generate an investment return of several 100% pa in order to generate a profit at the end of the loan that could be returned to the investor. In several cases it has become known that deposit loans to individual investors in the promised amount have actually been paid out - under the aspect that the paid out investors in turn win new investors for the business. This system is also known under the term pyramid scheme .
From the serious point of view of credit experts and bankers, such high returns can not be achieved in the short or long term.