TF Bank Mastercard Gold review

The advertised cost is 17.58% APR on a fixed rate, and the fixed rate structure keeps it steady for the whole term. The published representative example pairs that rate with a mid sized net loan repaid in many instalments over a long term. The site median APR for personal loans is 14.43%.

Origination is 0 EUR (no processing fees), and the origination fee percentage is 0%. That is the only fee listed for a personal loan, so the cost of borrowing rests on interest rather than upfront charges. The fixed rate structure keeps that interest level constant.

The regulator listed for this lender, based in Sweden, is the Swedish Financial Supervisory Authority. The legal entity behind the brand is Avarda Bank AB (publ), and the lender kind is direct lender, so an application goes straight to the bank rather than through a broker. The brand has operated since 1987.

Money moves usually within one business day, which is quick for a personal loan. The starting point is a soft prequal credit check, so a soft prequalification comes first and the full file decision follows once you apply. For context, 75% of lenders on the site run a hard check.

Applicants must be adults with a fixed residence in Germany and a regular income. Those conditions narrow the pool to German residents, and the product covers personal and debt consolidation loans. A soft prequal credit check is the first step in any application.

Borrowing reaches up to €15,000 with a term of up to 120. The lender lists home improvement as the use case, and the published example spreads a mid sized net loan over many equal instalments, which keeps each payment small but the total cost high at 17.58% APR.

Free early repayment is no here, so settling the balance ahead of schedule costs money. That is the minority position, since 79.4% of lenders on the site do offer free early repayment. Plan for the full up to 120 or price the exit separately.

Help runs on email, phone and help centre, so email, phone and a help centre are all open. Phone contact is slightly less common than across the ranking, where 84.2% of lenders offer it, while help centre access sits at 71%.