New low-interest campaign: lend 10,000 euros and pay back only 9,959 euros

Negative Interest Loan: Smava lowers interest rate to minus 5 percent


Alexander Artopé, co-founder and CEO of smava


The loan portal Smava is now reducing the effective annual interest rate on its negative interest loan from minus 0.4 to minus 5 percent. “Thanks to the Smava negative interest loan, consumers are again profiting greatly from the low-interest phase,” explains Alexander Artopé, Managing Director of Smava. “It remains the case: Smava offers the cheapest credit in Germany.” At Smava consumers save by the interest rate of minus 5 percent 76.94 euros, the other provider is less than half.


Rent 1,000 euros, repay 923 euros

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lava negative interest loan at minus 5 percent: lend 1,000 euros, repay 923.06

The negative interest rate of minus 5 percent applies to a net loan amount of 1,000 euros and a term of 36 months- learn more. That means: “I borrow 1,000 euros and only have to repay 923.06 euros,” says Artopé. At present, consumers can not borrow money anywhere else in Germany. “Loans can be applied for by employees, workers and civil servants with good credit ratings. The offer is only available once per borrower. There are no additional costs. A residual debt insurance is not offered. The borrowed money can be used freely. Early repayment is possible to free of charge. Who meets the conditions for the loan, gets 76.94 euros from Smava. The number of negative interest loans is unlimited. The interest rate is valid until 15 June 2018. The loan is offered by Smava in cooperation with Fidor Bank.


Marketing with the aim to reduce costs for borrowers

With persistently low interest rates, many consumers believe that lending is currently particularly favorable everywhere. This is unfortunately a costly fallacy. There are big price differences: in the first quarter, the average loan on the internet was on average 33% or 322 euros cheaper than the national average. In sum, the borrowers in Germany could save 612 million euros. This is shown by data from the Bundesbank, Schufa and the credit portal smava. “It is important to us to make consumers aware of the price differences in loans,” says Artopé. “We do marketing with the goal of cutting costs for borrowers. For anyone who has to borrow money should not have to pay too much for interest. “


smava is a pioneer of negative interest loans for consumers

In July 2017, the credit portal smava was the first provider in Germany to offer consumer credit with a negative interest rate. Since January 2018, the smava negative interest loan has been almost continuously on the loan portal’s offer. Since February 2018, first imitators have reacted to the trend and at times have offered a similar product. “With the smava negative interest loan we offer the cheapest credit in Germany permanently,” says Alexander Artopé, CEO of smava.