| Conditions | Annual percentage rate (APR) | -
•
From ≤ 4% p.a. = full points
-
•
From ≤ 6% p.a. = 12 points
-
•
From ≤ 9% p.a. = 8 points
-
•
From ≤ 12% p.a. = 4 points
-
•
Higher or no rate published = 0 points
| 16 |
| Processing and commitment fees | -
•
No additional fees = full points
-
•
One-off fee ≤ 1% of the loan amount = 5 points
-
•
Higher fees = 2 points
-
•
Fees not disclosed = 0 points
| 8 |
| Fixed-rate period | -
•
Fixed rate for the entire term = full points
-
•
Fixed for part of the term = 4 points
-
•
Variable = 2 points
| 8 |
| Credit limit & term | Loan amount (minimum and maximum) | -
•
From ≤ €5,000 to ≥ €500,000 = full points
-
•
Range up to ≥ €250,000 = 5 points
-
•
Range up to ≥ €100,000 = 3 points
-
•
Narrow range or not stated = 0 points
| 8 |
| Term range | -
•
From 6 months to ≥ 10 years = full points
-
•
Up to ≥ 5 years = 4 points
-
•
Up to ≥ 2 years = 2 points
-
•
Short terms only = 0 points
| 7 |
| Types of financing offered | -
•
Instalment loan, overdraft facility and at least one alternative such as leasing or factoring = full points
-
•
Two types of financing = 3 points
-
•
Only one type of financing = 1 point
| 5 |
| Lending criteria | Required minimum time the company has been trading | -
•
No minimum period = full points
-
•
≤ 12 months = 5 points
-
•
≤ 24 months = 3 points
-
•
> 24 months = 0 points
| 7 |
| Required minimum annual turnover | -
•
No minimum turnover = full points
-
•
≤ €50,000 = 4 points
-
•
≤ €250,000 = 2 points
-
•
> €250,000 = 0 points
| 6 |
| Accepted legal forms | -
•
Sole traders, partnerships and corporations = full points
-
•
Two groups = 2 points
-
•
Only one group = 0 points
| 4 |
| Financing for founders | -
•
Start-up financing explicitly possible = full points
-
•
Only with additional collateral = 1 point
-
•
Excluded = 0 points
| 3 |
| Process & payout | Time until credit decision | -
•
Decision within 24 hours = full points
-
•
Within 3 working days = 4 points
-
•
Within 10 working days = 2 points
-
•
Longer or not stated = 0 points
| 7 |
| Time until payout | -
•
Payout within 48 hours of approval = full points
-
•
Within one week = 3 points
-
•
Longer or not stated = 0 points
| 5 |
| Required documents and digital submission | -
•
Digital submission including account connection = full points
-
•
Digital document upload = 2 points
-
•
Post or branch appointment required = 0 points
| 4 |
| Flexibility & transparency | Early repayment and special repayments | -
•
Possible free of charge at any time = full points
-
•
Possible with an early repayment penalty = 3 points
-
•
Not possible = 0 points
| 6 |
| Collateral required | -
•
Without collateral and without a personal guarantee = full points
-
•
Personal guarantee required = 1 point
-
•
Extensive collateral required = 0 points
| 3 |
| Published representative example | -
•
Complete representative example = full points
-
•
Interest range only = 1 point
-
•
Not stated = 0 points
| 3 |
