Bank11 für Privatkunden und Handel GmbH products, services and reviews

About Bank11 für Privatkunden und Handel GmbH

Bank11 für Privatkunden und Handel GmbH is a German credit institution focused on consumer finance and retail deposits, with a business model centered on point-of-sale lending through car dealerships and selected retailers. Its lending portfolio typically includes installment and balloon financing for vehicle purchases and unsecured consumer loans in defined cases, while ancillary insurance products may be offered via partners subject to separate terms. For savers, the bank offers call money and fixed-term deposits with online onboarding and standard German identification procedures (e.g., Video-Ident/PostIdent). Customer interaction is primarily digital and by phone; there is no traditional branch network and the product range does not generally include current accounts, payment cards, securities brokerage, or investment advice. Credit applications are assessed using standard creditworthiness checks common in Germany and the bank may reference data from credit bureaus; contracts detail costs such as interest, fees, and potential charges for early repayment. Deposits are protected up to 100,000 EUR per depositor under the statutory German deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken); the institution is subject to supervision by BaFin and the Deutsche Bundesbank. Dealers are supported with financing and settlement services and digital tools for point-of-sale processing. Prospective customers should review rate sheets, pre-contractual information, and the specific terms of any dealer-arranged financing, as pricing and conditions are subject to change and may vary by product and channel.