German Credit Rules Exempt Small Loans Until November
Current German credit regulations allow loans under 200 Euro to bypass certain scrutiny requirements until November. New rules will mandate that every credit, including those under 200 Euro, must undergo formal checking. This exemption currently impacts consumer behavior regarding small online purchases and food deliveries. The transition to stricter oversight is expected to occur once the current period ends in November.
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Sources · 7 independent
WDR 5
“Das gilt noch bis November, dann greifen die neuen Regeln, dann muss jeder Kredit auch unter 200 Euro geprüft werden.”
MDR Aktuell
“greifen die neuen Regeln, dann muss jeder Kredit auch unter 200 Euro geprüft werden.”
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