Ratenkredit

Ratenkredit from Verivox at a Glance

This instalment loan (Ratenkredit) is also brokered through the comparison platform Verivox. As with other Verivox offers, this is not a single bank's product but access to a loan comparison: the application is forwarded to several partner banks, and in the end you receive the offer from the network that matches your own creditworthiness. When checking the currently linked application page, we confirmed that it leads to a general comparison and application flow, without specifying the terms of any single bank.

Borrowing Rate and Effective APR

The product database lists this instalment loan with a fixed borrowing rate from 2.95% p.a. and an effective APR from 2.99%. Again, "from" marks the best rate for applicants with very good creditworthiness. Since the specific bank is only determined during the comparison process, the actually offered rate may be higher depending on individual creditworthiness. No additional, differing rate information was found on the currently linked landing page.

Loan Amount and Costs

The loan amount ranges from €1,000 to €100,000, with terms from 12 to 120 months. According to the database, no processing fee applies. As a calculation example, a monthly instalment from €179.33 is quoted, relating to one specific combination of loan amount and term.

Who This Loan Suits

With its wide range from €1,000 to €100,000 and terms from one to ten years, this instalment loan suits both smaller purchases and larger financing projects. Its low minimum amount of €1,000 makes the offer — unlike the Turbokredit described above — accessible for smaller financing needs too.

Pros and Cons

• Wide loan range from €1,000 to €100,000
• Flexible terms from 12 to 120 months
• Effective APR from 2.99% for good creditworthiness
• No processing fee
• Access to multiple partner banks through a single application

• The actual rate is only confirmed after an individual credit check
• Higher best-case rate than comparable offers with a lower "from" rate
• No information available on early repayment terms

Verdict

This instalment loan via Verivox scores mainly on flexibility: loan amounts from €1,000 to €100,000 and terms from one to ten years cover a broad range of financing needs. The effective APR from 2.99% should be understood as a best case for very good creditworthiness; anyone interested should compare their individual offer against other providers after the credit check.