Sofortkredit

Sofortkredit from Maxda at a Glance

The Sofortkredit from Maxda is a classic instalment loan with a wide range of possible loan amounts and terms — from smaller, short-term amounts to larger, multi-year financing.

Borrowing Rate and Effective APR

According to the product database, the fixed borrowing rate is from 3.92% p.a., and the effective APR is from 3.99%. Again, "from" describes the best possible rate for applicants with very good creditworthiness. The actually offered rate depends on the individual credit check and may be higher.

Loan Amount and Costs

The Sofortkredit covers a very wide range of loan amounts: from €3,000 to €250,000. According to the database, the term ranges from 1 to 120 months — allowing for both very short-term and long-term financing of up to ten years. According to the database, no processing fee applies. As a calculation example, a monthly instalment from €183.57 is quoted, relating to one specific combination of loan amount and term.

Who the Sofortkredit Suits

With its wide range of loan amounts and terms, the Sofortkredit suits both mid-sized purchases and larger financing projects up to €250,000. The very short possible minimum term of one month is more the exception than the rule and is likely relevant mainly for very short-term bridging needs in practice.

Pros and Cons

• Very high possible loan range up to €250,000
• Great flexibility in term, from 1 to 120 months
• Effective APR from 3.99% for good creditworthiness
• No processing fee according to the database

• Minimum loan amount of €3,000 — not suitable for smaller amounts
• The actual rate is only confirmed after an individual credit check
• No further publicly available information on requirements or early repayment terms

Verdict

Maxda's Sofortkredit scores mainly on its great flexibility in loan amount and term — from €3,000 to €250,000 and from 1 to 120 months. The effective APR from 3.99% should be understood as a best case for very good creditworthiness; the actual terms should be checked in a personal loan comparison before making a decision.