Loans for citizens significantly more expensive – MANN.TV

War and inflation: Interest rates for installment loans are rising – According to a survey by the comparison portal Smava, many banks are planning to raise interest rates for consumer loans significantly. According to a corresponding report in “Bild”, this would be due to the Ukraine war, high inflation and the generally rising interest rate level.

A total of 26 banks were surveyed, such as Deutsche Bank, Postbank and Commerzbank.

62 percent expect an increase in interest rates charged on installment loans. Eight percent even announced a strong increase. Only a quarter expect interest rates to remain the same. It is said that the first new regulations are to be implemented in the course of the coming week.