Consorsbank review

You need a securities account with a settlement account, collateralisable securities or an account balance to secure the borrowing, and enough personal creditworthiness. The line covers amounts up to €10,000, so the collateral comes from holdings you already hold.

The arrangement fee is 0 EUR. The representative example draws the full loan amount at the stated annual rate and shows interest falling due each quarter, with no other costs or fees attached. The borrowing rate itself is 7.77%.

German supervision sits with BaFin, and the German operation of the bank trades as BNP Paribas S.A. Niederlassung Deutschland, a branch of a French group. The brand is also listed under French supervision with ACPR. Collateral stays in the securities account used to secure the line, so the account matters as much as the loan.

Decision in about 2 days after all documents are received once your paperwork is complete, and the application runs a hard credit check. That check is the part worth preparing for, since lenders weigh the whole file. Support runs on phone and email if you want to ask questions beforehand.

The securities loan runs on a variable rate, currently 7.77%, so the cost follows the base rate rather than staying fixed for the life of the loan. That suits a saver comfortable watching a variable market, and the rate sits under the site APR median 12%.

The check is hard and the credit level the brand looks for is fair. A hard search stays on the file, so it suits readers with a steady history and holdings to pledge. The arrangement is a credit line, which is why the collateral carries weight in the decision.

Free early repayment is part of the deal, so clearing the line ahead of schedule does not attract a charge. It pairs well with a variable rate, because a shorter balance means less interest running over the months. The securities that secure the line stay in the account until the borrowing is cleared.

The property side is separate from the securities loan. The initial rate is 4.19%, fixed for 10, with an APRC of 4.3% and a maximum loan to value of 90%. The stated purposes are purchase and remortgage, so buyers and remortgagors are both in scope.