Some of the banks had lowered due to the Corona-crisis, the overdraft interest rates that are calculated when someone is plating within the agreed framework of his checking account. That’s in the past now. Most of the institutions return to the old, already pretty steep interest rates.
In times where the interest rates on Savings are very close to 0 per cent and mortgage lending is a have to for less than one per cent in the year to act MRP interest at the rate of almost 10 percent somehow fallen out of time. The banks argue, but the line of credit was only intended to Bridge short-term liquidity bottlenecks; in particular, no verification of credit takes place.
but, of course, only to the extent, than, for example, a regular salary input is a prerequisite. But who wants to replace its line of credit through an installment loan, which often comes across the phenomenon that you get with poor credit no credit, with good but cheaper than the MRP. Decisive, however, is probably that very few people select your current connection to the line of interest. Therefore little competition between the banks takes place.
