Call Loan – Opportunities and Risks of Loan on Demand

In some situations it becomes necessary to take out a loan to overcome financial difficulties. Sometimes the disposition credit of your own account is sufficient, but is this always the best choice? An alternative is the call-off loan, which is flexibly available and can be used immediately. But there are also requirements, as well as advantages and disadvantages.

The call-off loan – risks and collateral

The call-off loan - risks and collateral

A call-off loan or call-off loan is a less common type of loan, which is close to the general conditions of the disposition credit. A fixed amount will be provided permanently and can be accessed flexibly by the consumer . Interest will only be paid on the amount borrowed.

Fields of application, risks and collateral of the call-off loan

For many consumers, the credit is used mainly in financially difficult situations . A new washing machine is needed, the end of the month causes difficulties – there are many reasons for the call-off loan.

An on-call loan is a less common type of loan. A fixed amount will be provided permanently and can be accessed flexibly by the consumer.

Compared with the discretionary credit, there is the advantage here that interest rates are almost always lower .

The biggest risk of the on-demand loan is the lack of responsibility of the borrower . Since the sum of the loan exceeds the classical Dispo by lengths, larger dispositions are possible. In addition, the call-off loan is not linked to the current account . Thus, no negative balance arises, which would force to balance.

Anyone who can reasonably handle the available credit has a piece of security through an existing call-off loan. The sum does not need to be claimed, but is immediately available in an emergency and can help to bridge difficult situations .

What are the advantages and disadvantages of the call-off loan?

There are several advantages and disadvantages that a framework loan entails. The following advantages result from the use of the release credit:

  • Liquidity reserve, which is always available
  • High repayment flexibility
  • Credit limit of up to 100,000 euros (depending on the bank and credit rating)
  • Repayment in installments possible
  • Access to the credit account is possible at any time
  • Renewed availability is possible at any time
  • No checking account required at the lending bank

The disadvantages of the call-off loan at least caution:

  • High risk of getting into debt
  • When using large amounts, high costs are incurred
  • Interest rate is not fixed, but can be changed at any time
  • Often a second bank account required


Conditions and conditions

Which common requirements have to be fulfilled?

In order to receive a call-off loan, the creditworthiness of the borrower must be checked. Banks only grant the call-off credit if they have sufficient creditworthiness , but then they do not demand further collateral .

Since the call-off loan is often available at a high level, the credit check is rigorously executed . There must be no negative features or entries in the Schufa. The Schufa score must be sufficient and an existing employment is mandatory . Only a few banks award a call-off loan to self-employed persons.

For example, if there is only a temporary or probation-based employment relationship, the on-call credit is either denied or made available for a limited period only. This makes it difficult to obtain the loan during the probationary period or under a temporary employment contract. Another obligation is a checking account . This does not have to exist at the lending bank. Only individual lenders award the call-off loan on the condition that a checking account is opened in parallel.

How and where do you get an on-call loan?

The framework loan is requested in the usual form over the Internet . It is advisable to carry out a credit comparison in advance , as the conditions are different. On the website of the issuing bank, the consumer will find the loan application.

If the application is granted, the interested party must legitimize himself. For this purpose, the post-identification procedure is used, in which an employee of a post office checks the identity card of the customer. This confirms the identity of the bank.

The bank will send a written commitment to the borrower and issue the loan agreement. Once this has been signed back, the money is available.

How the call-off loan works
The high flexibility in the repayment makes the call-off loan for many consumers very attractive. It can be repaid partial amounts, monthly installments or the complete sum . The call-off loan is also flexible in terms of usage. The consumer only uses the amount he needs at that time.

Interest is only due if the provided credit is used. Although a monthly statement will be provided, it will only have to be paid for the days on which the account was debited.

It should be noted that the interest rate can be adjusted by the bank . Banks are based on the current market interest rate. If this rises, the interest rates for the call-off loan rise.

Differences to related forms of credit

Differences to related forms of credit

How does the credit line differ from the disposition credit?

There are similarities between the repayment credit and the call-off loan, but also a lot of differences. One of the main differences is the level of availability . The credit line is granted up to a maximum of three times the monthly salary , while the maximum amount of the call credit can be up to € 100,000 .

Also, the amount of interest varies. For a repayment credit, interest rates of 10 percent to 12 percent are often incurred , while the interest rate of the call-off loan is lower . On average, the call-off loan is 40 percent cheaper for the borrower.

In addition, the discretionary credit can only be provided by the bank where the salary account exists. Thus, the borrower is dependent on the terms of his house bank and has no opportunity to use a cheaper offer. The call-off loan, on the other hand, can be applied for independently from the checking account at each offering bank .

How does the framework loan differ from the installment loan?

The classic installment loan differs in many respects from a framework loan (call credit / call loan). In the installment loan, the amount used is determined in advance and this is made available to the borrower in full. The duration of the call loan is also determined in advance. The repayment is only in installments.

The call-off loan, on the other hand, is agreed flexibly over time and is retained as long as the borrower fulfills his payment obligations and no fluctuations in the creditworthiness occur. Also, the repayment is much more flexible, whether single payment or installment is left to the borrower.

There is no obligation at all times to use the sum in the framework loan. However, once the installment loan has been paid out, the money has become the property of the borrower and must be repaid plus interest at the agreed rate.

An advantage for the borrower is that the interest rate for a installment loan is just as fixed as the amount borrowed . On the other hand, the call interest rate fluctuates and is adjusted to the current market interest rate.

Target audience and costs

Target audience and costs

In which cases is a call credit worthwhile?

The call-off loan is suitable for borrowers who want to have high financial flexibility . As a rule, these are people with sufficient income and enough self-discipline , because otherwise the debt trap threatens. The credit is a piece of security, because in case of emergency, money is immediately available. Many consumers never or rarely use the on-call loan. Due to the flexible repayment methods there is a constant risk of indebtedness or unnecessary spending of money.

Acquisitions or bridging that have become necessary in the short term can also be handled differently, for example with an online loan. This is optimally suited to make small purchases or to bridge a clear period financially.


The advantage is that there is no danger of debt. A loan amount of up to 500 euros can be used, the repayment is made in a maximum of 90 days. For the second loan, a sum of up to 3,000 euros can be applied for.

Thanks to the express option, the fast microcredit is available within one hour. The application is conveniently online and no post-ID procedure is required at the post office. With the help of the webcam of the laptop or on the mobile phone, the end consumer can legitimize himself by video chat.