The interest for a pawn credit amounts to 1% per month.
Additionally, according to § 11 PfandleiherVO (paragraph 11 of the pawn brokers regulations) monthly fees accrue from business operation in excess of:
|
|
€
|
|
Credits up to €
|
15,00
|
1,00
|
|
Credits up to €
|
30,00
|
1,50
|
|
Credits up to €
|
50,00
|
2,00
|
|
Credits up to €
|
100,00
|
2,50
|
|
Credits up to €
|
150,00
|
3,50
|
|
Credits up to €
|
200,00
|
4,50
|
|
Credits up to €
|
250,00
|
5,50
|
|
Credits up to €
|
300,00
|
6,50
|
For credits over € 300,00 the
|
|
€
|
|
monthly fees amount to :
|
Every € 100,00 Credit
|
3,00
|
|
Credits from € 1.000,00
|
Every € 100,00 Credit
|
2,50
|
|
Credits from € 5.000,00
|
by agreement
|
Further costs for processing, appraisal and storage do not accrue.
Example:
|
Credit
|
Interest
|
Fees
|
Total
|
|
€
|
€
|
€
|
€
|
|
50,00
|
0,50
|
2,00
|
2,50
|
|
240,00
|
2,40
|
5,50
|
7,90
|
|
500,00
|
5,00
|
15,00
|
20,00
|
|
1.000,00
|
10,00
|
25,00
|
35,00
|
|
|
|
|