Consumer Loan

Loan to consumers with special protection.

Special protective rules apply to consumer loans: mandatory information requirements, a right of withdrawal, and rules on early repayment. If mandatory information is missing, the withdrawal period may be extended.

The relevant statutes

§ 491 BGB

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Related terms

Installment Loan
Early Repayment Penalty

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General explanation for self-help, not legal advice (RDG). Individual cases may differ: if in doubt, contact a consumer advice center or a lawyer.