PSD MehrWertKredit

In short: The PSD MehrWertKredit from PSD Bank Nürnberg is a purpose-bound instalment loan of EUR 10,000 to 80,000 for photovoltaics, heat pumps, barrier-free living, energy-efficient renovation and electric cars. The bank states a fixed borrowing rate of 5.10% and an APR of 5.22%. It suits you if you can document such a project with an invoice or purchase contract; it is not meant for money you can spend freely.

What kind of loan it is

The PSD MehrWertKredit is an instalment loan from PSD Bank Nürnberg eG with a fixed purpose. According to the bank, it finances projects such as a photovoltaic system, a heat pump, energy-efficient renovation, barrier-free living, a charging station for an electric car or an electric car itself. The offer explicitly does not apply to hybrid vehicles. The bank requires invoices, purchase contracts or purchase confirmations for the financed project.

Interest rate and APR

The bank states a fixed borrowing rate (Sollzins) of 5.10% p.a. for the entire term and an APR (effektiver Jahreszins) of 5.22% p.a. The borrowing rate is the pure interest on the loan; the APR converts the interest to an annual figure including all costs taken into account in the example, so it is the number to compare. Because the borrowing rate is fixed, it does not change during the term. The bank notes that its borrowing rates are subject to change and apply from 16 September 2026, so a new application may come with different terms.

Compared: In our overview of 31 instalment loans on BankSorter (as of 15 October 2026), the PSD MehrWertKredit ranks 20th by APR. The median is 3.99%, and the lowest offer is the Verivox Turbokredit at 0.68%. This is a comparison with the offers in BankSorter, not with the entire market.

Total cost

The bank's representative example: net loan amount EUR 10,000, term 48 months, 48 instalments of EUR 231.00, fixed borrowing rate 5.10% p.a., APR 5.22% p.a. The bank states the amount to be repaid, which it calls the Gesamtkreditbetrag, as EUR 11,052.07. This is an example based on certain assumptions (including payout on the 1st of the month), not a promise of identical terms for every application.

Our product data lists no processing fee for this loan (0%).

We did the maths

From the bank's example: EUR 11,052.07 minus EUR 10,000 gives EUR 1,052.07 in credit costs. So for every EUR 100 borrowed you pay about EUR 10.52 (1,052.07 / 10,000 × 100) over 48 months.

Requirements and term

• Loan amount: EUR 10,000 to 80,000.
• Term: 12 to 120 months for loan amounts up to EUR 24,999.99; 12 to 180 months from EUR 25,000.
• Proof: invoices, purchase contracts or purchase confirmations for the financed project.
• Early repayment: according to the bank, full or partial early repayment is possible at any time. The offer page does not say whether this involves any costs.

According to the bank, you can apply fully online using video identification and eSign. Advice is available in a branch, by video or by phone at 0800 2385555 (Mon to Fri, 8:00 to 18:30).

Not for you if…

• you need less than EUR 10,000: that is the minimum amount,
• you want money for any purpose or want to finance a hybrid car: this loan covers neither,
• your priority is the lowest APR: it ranks 20th of 31 in our overview, and the median is 3.99%.

Watch out for

• Without an invoice, purchase contract or purchase confirmation for the project, you will not get the loan.
• Terms longer than 120 months are only available from a loan amount of EUR 25,000.
• The borrowing rates are subject to change; the stated values apply from 16 September 2026 and may change.

Verdict

The PSD MehrWertKredit is a purpose loan for energy and mobility projects with a fixed borrowing rate of 5.10% and an APR of 5.22%. In the bank's example, EUR 10,000 over 48 months costs EUR 1,052.07 in credit costs. Its strengths are the term of up to 180 months from EUR 25,000, online signing and early repayment at any time. In our overview, however, its APR is above the median of 3.99%, so it is worth comparing.

As of 15 October 2026. Terms change, so check them with PSD Bank Nürnberg before applying.