Loan
Providing money to be repaid.
With a loan, the lender provides the borrower with money that the borrower must repay; interest is usually agreed. For consumer loans, special protective rules apply, such as mandatory disclosures and a right of withdrawal.
The relevant statutes
§ 488 BGB
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Related terms
General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.