Question 1

Why refinance my overdraft (Dispo) with an installment loan?

Accepted Answer

Overdraft rates are extremely high: typically 9-15% APR, some banks charge 18%+. A personal loan (Ratenkredit) costs 3-7% APR. On a 5,000€ balance, you could save 300-500€ per year in interest alone. Plus, you get a fixed payoff date instead of revolving debt.

Question 2

What are typical overdraft interest rates in Germany?

Accepted Answer

As of 2026: Average Dispo rate is ~12% APR, some traditional banks charge 13-15%, premium accounts may offer 9-10%. Compare this to installment loans at 5-7% APR. The difference can be dramatic - always refinance if your Dispo balance stays high.

Question 3

How much can I save by refinancing?

Accepted Answer

Example calculation: 5,000€ Dispo at 12% vs. installment loan at 6% = 300€ saved per year. Over 24 months: 600€ savings. Plus predictable payments: a 5,000€ loan over 24 months at 6% = ~220€/month, fully paid off.

Question 4

Will the bank allow me to refinance?

Accepted Answer

Absolutely - banks want you to take installment loans! It's more profitable for them long-term and lower risk. Your bank may even offer a conversion service. But always compare external offers - your bank's loan rate isn't necessarily the best.

Question 5

Should I close the overdraft facility after refinancing?

Accepted Answer

Consider reducing it but keeping a small buffer (1,000-2,000€) for emergencies. The risk: if you max it out again, you're back in the same situation. Pro tip: Use the loan to clear Dispo, then set up automatic savings instead.

Question 6

Can I refinance if my Dispo is maxed out?

Accepted Answer

Yes, a maxed Dispo doesn't automatically disqualify you. Banks look at: total debt-to-income ratio, employment stability, SCHUFA score. The loan can be designed to pay off the Dispo directly. Many banks specialize in debt consolidation.

Question 7

What's the best loan amount for refinancing?

Accepted Answer

Calculate: Dispo balance + one month buffer. Example: 4,500€ Dispo balance → 5,000€ loan. This fully clears the overdraft and gives a small cushion. Don't over-borrow just because you can.

Question 8

How quickly can I refinance my Dispo?

Accepted Answer

With modern online lenders: Apply today, decision in minutes, payout in 24-48 hours. The loan goes to your account, you use it to clear the Dispo, done. No need to coordinate with your bank - just transfer the money.

Refinance OverdraftSave Hundreds Per Year

Savings Example: 5,000€ Balance

Why Refinance Your Overdraft?

Lower Rate

Fixed Payments

Payoff Date

Save Money

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Frequently Asked Questions

Why refinance my overdraft (Dispo) with an installment loan?+

What are typical overdraft interest rates in Germany?+

How much can I save by refinancing?+

Will the bank allow me to refinance?+

Should I close the overdraft facility after refinancing?+

Can I refinance if my Dispo is maxed out?+

What's the best loan amount for refinancing?+

How quickly can I refinance my Dispo?+

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