Join the waiting list to be among the first to access Credit.
Secured loan at Scalable Capital
Simple and fast
financing with Credit
Shortly, you will be able to use Scalable Credit. Be among the first by joining the waiting list.*
*Note the risk of credit-financed investments. Credit offer of Scalable Capital GmbH, Seitzstr. 8e, 80538 München. Only available in connection with a Scalable Broker account and up to a maximum of €100,000.
Maximum flexibility
You can easily use Credit for trading and repay it at any time without any fees. Start with as little as €1,000 portfolio value, up to a maximum of €100,000.
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Fair conditions: Interest only on usage, no additional fees |
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Flexible use: for trading, pay back at any time |
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Easy to apply: Comfortably online in the Scalable Broker |
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Quick assessment: During opening hours within a short time |
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Direct overview: View your status in the app and on the web at any time |
Note the risk of credit-financed investments. Credit offer of Scalable Capital GmbH, Seitzstr. 8e, 80538 München. Only available in connection with a Scalable Broker account and up to a maximum of €100,000.
Good to know
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Interest rates are variable and can rise when market interest rates increase |
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The securities serve as collateral for the amount borrowed. If their value falls, the total credit line is reduced accordingly. |
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If the credit limit is overdrawn (e.g. due to a decline in the value of the collateral), the credit must be reduced accordingly by depositing money or selling securities. This may be associated with price losses (incl. total loss). |
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Additional costs may be incurred if the credit limit or line are overdrawn through interest for the tolerated overdraft and/or default interest. Scalable Capital may terminate the securities account incl. Credit and demand immediate full repayment. |
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You can get an overview of the credit conditions at Scalable at any time in the app or on the web in the credit tab. If you have any questions, please contact our customer support team. |
The conditions at a glance
Variable borrowing rate (as of 18. December 2024) |
4.24% p.a.* |
Interest charge |
Quarterly |
*in connection with the PRIME+ Broker, 5.24% p.a. in the FREE Broker.
The credit line is calculated as the sum of all positions valued at market prices, each multiplied by the loan-to-value ratio. Securities with low price fluctuations (volatility) generally have a higher loan-to-value ratio, while those with higher price fluctuations have a lower loan-to-value ratio.
Non-binding presentation of loan-to-value rates by asset class. Please note: The loan-to-value ratios for individual securities may differ and may be adjusted at any time.
Stocks: |
0-75% |
Funds/ETFs: |
40-75% |
Derivates: |
0% |
Crypto ETPs: |
0% |
Cash: |
0% |
You have securities worth €10,000 in your Scalable Broker account. Securities cannot be lent on in full. Your credit line based on your securities amounts to €5,000 in this example. Of this amount, you use a credit of €2,000 for 3 months.
Credit line |
€5,000 |
Amount of credit used |
€2,000 |
Duration |
90 days (3 months) |
Interest calculation method |
act/360 |
Sample variable borrowing rate (p.a.) |
4.24% |
Interest rate |
€21.20 |
Total amount owed |
€2,021.20 (€2,000 + €21.20) |
If you joined Scalable before December 10th, 2024, you can start using Credit now under these conditions.
Use credit intraday interest-free
Get extra liquidity now with the securities credit in the Scalable Broker and use Credit intraday even free of charge.
Use Credit and lend on existing securities account in the Scalable Broker |
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Repay the borrowed amount* on the day of use |
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Pay no interest |
*Pay attention to the fact that securities sold at a profit may be subject to final withholding tax. Be aware of special risks of same-day transactions.
Apply for a secured loan in just a few steps: This is how it works
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Apply for Credit
In a few steps directly in the credit tab, starting from €1,000 portfolio value.
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Get started
Use Credit amount flexibly for trading, repay at any time.
Frequently asked questions about Credit
Credit is an individual credit line up to which the broker account may be overdrawn (so-called "granted overdraft"). This means you can borrow money in order to trade - even when you don’t have a positive balance in your broker account. The exact amount available at a given point in time depends on the securities in the securities account.
Establishing your credit line costs nothing. Interest only accrues over time on the amount actually borrowed. These are calculated quarterly and are variable. As of December 2024: 4.49% p.a. variable borrowing rate in the PRIME+ Broker, 5.49% p.a. in the FREE Broker.
Credit offer of Scalable Capital GmbH, Seitzstr. 8e, 80538 München. Only available in connection with a Scalable Broker account and up to €100,000. Your securities are used as collateral for the loan. These securities can fall in value or become worthless. This may require repayment of the loan and/or the sale of securities. Please consider the special risk of credit-financed investments.
All clients of Scalable Broker who are resident in Germany and have a portfolio value of at least 1,000 euro can apply for Credit. This is done completely digitally in a few steps in the client area. The credit check usually takes place within a few minutes on business days.
Credit can be used flexibly for trading. After successful setup, the additional amount available through Credit is automatically available when trading.
Important: Credit is not a real estate loan and may not be used to buy or build a house or apartment.
Establishing a credit line costs nothing. Interest only accrues on the amount actually borrowed. These are calculated quarterly and are variable. As of 18. December 2024: 4.24% p.a. variable borrowing rate in the PRIME+ Broker, 5.24% p.a. in the FREE Broker.
Please note that if the credit line granted is exceeded, interest may be charged for a tolerated overdraft in accordance with our list of prices and services. In addition, Scalable Capital may terminate the account and custody account in such a case and demand immediate repayment in full.
Cost example
You hold securities worth 10,000 euro in the Scalable Broker. The credit line based on these securities is 5,000 euro. Of this, you utilise a credit amount of 2,000 euro for 3 months.
Click here to view the calculation example. Then change the switch below “The conditions at a glance” to “Calculation example”.
No costs are incurred for setting up a credit limit.
Debit interest only accrues when a credit amount has actually been used, i.e. the broker account has been overdrawn.
The interest is calculated on a daily basis and charged to the broker account on a quarterly basis.
You can deposit money into your broker account at any time by Instant, direct debit or bank transfer and use it to repay the loaned amount. There is no fixed term or fixed instalments.
Instead of making a deposit, you can also sell securities. The proceeds from the sale automatically reduce the amount you have loaned.
If the brokerage account is in the negative, any other money received also automatically serves to repay the loan amount. This applies, for example, to the receipt of dividend payments, interest income, or tax settlement payments.
Yes. As an existing client who joined Scalable before December 10th, 2024, you can already use Credit without having to join the waiting list, although on different conditions.
Quarterly interest applies only when Credit is used: 3-month Euribor® + 3% p.a. (6.01% p.a. variable borrowing rate, as of December 2024).
Note the risk of credit-financed investments. Credit offer of Baader Bank AG, Weihenstephaner Str. 4, 85716 Unterschleissheim, mediated by Scalable Capital. Only available in connection with a Scalable Broker account and up to €100,000.
You will gain access to the new conditions within a few weeks. We will notify you as soon as these benefits are available.
The credit limit is the contractually defined maximum amount that can be loaned. The credit line can be set individually up to the amount of the portfolio value - rounded down to multiples of 1,000 euros - but up to a maximum of 100,000 euros.
If the assets in your portfolio increase, you can apply for a new credit limit.
The credit line shows the live amount of credit available based on current stock market prices and lending rates. The credit line is capped at the credit limit.
Securities are subject to fluctuations in value (volatility). Therefore, not the entire securities position is accepted as collateral in each case, but only a portion - up to the so-called loan-to-value. While broadly diversified ETFs can be loaned to a large extent, derivative securities or crypto ETPs, for example, which are highly susceptible to fluctuations, cannot be loaned at all. The credit line is calculated as the sum of all positions valued at market prices, each multiplied by the loan-to-value ratio.
Direct debits of the last eight weeks may also have an impact on the available credit amount.
The credit line is calculated as the sum of all positions valued at market prices, each multiplied by the loan-to-value ratio. Securities with low price fluctuations (volatility) generally have a higher loan-to-value ratio, while those with higher price fluctuations have a low or no loan-to-value ratio.
Non-binding presentation of loan-to-value rates by asset class. Refer to the loan agreement for binding loan-to-value rates. Please note: The lending rates for individual securities may differ and may be adjusted by Scalable Capital.
Stocks: 0-75%
Funds/ETFs: 40-75%
Derivates: 0%
Crypto ETPs: 0%
Cash: 0%
Example 1:
Your portfolio value is 50,000 euro. The credit limit is also 50,000 euro. 40,000 euro is invested in ETFs, the rest is cash on the broker account. The credit line is therefore 30,000 euro (40,000 euro in ETFs * 75 % + 10,000 euro credit balance * 0 % = 30,000 euro) and is always capped at the credit limit.
Example 2:
Your portfolio value is 50,000 euro. The credit limit is also 50,000 euro. Of this, 30,000 euro is invested in ETFs, and the remaining 20,000 euro is held in less liquid small cap stocks (loan-to-value ratio 40 %). The credit line is therefore 30,500 euro (30,000 euro in ETFs * 75 % + 20,000 euro in small cap stocks * 40% = 30,500 euro) and is always capped at the credit limit.
Your securities serve as collateral for the credit used. These securities may fall in value or become worthless. This may require early repayment of the loan and/or the sale of securities. Please consider the special risk of credit-financed investments.
A price slide on the market can cause individual or all securities in the securities account to lose value. This automatically reduces the amount available as a credit (credit line), as there is less collateral in the securities account.
If the credit used exceeds the credit line, the credit must be repaid (at least in part). This can be done by making deposits or selling securities, which may result in price losses being realised. Alternatively, the credit line can be increased, if necessary, by switching from securities with low loan-to-value ratios (e.g. derivatives) to instruments with higher loan-to-value ratios (e.g. ETFs).
If clients fail to meet the obligation to settle the overdraft of the credit line, Scalable Capital may sell individual or all securities positions to repay the credit used and, if necessary, terminate the account including credit. The open credit amount is due for repayment immediately upon termination. Interest on the overdraft and, if applicable, interest on arrears may be incurred.
Credit can be cancelled at any time in the client area. To do so, the borrowed credit amount must first be repaid. Credit can then be cancelled via "Cancel Credit".
Credit can be applied for quickly and completely digitally (without sending documents by mail). Verification usually takes place within a few minutes on business days. Since credit amounts are secured with the securities held in the securities account, it is not necessary to provide proof of income, for example.
Scalable Capital may transmit personal data to Creditreform Boniversum GmbH, Hammfelddamm 13, 41460 Neuss, Germany, for the legally required creditworthiness check. Data will not be transmitted to Schufa. Further information on the processing of your data by Creditreform Boniversum can be found at: www.boniversum.de/eu-dsgvo.
Interest only accrues when Credit is used and is always measured fairly only on the amount used for the period used. The repayment of Credit is also flexible. Credit can be repaid in full or in part at any time by paying in or selling securities. There are no mandatory regular repayment instalments, as Credit has an unlimited term. You can, of course, set up a standing order from your current account to your clearing account for repayment.
Risk note
Increased risks for credit-financed securities
In the event that the borrower intends to use the loan for capital investment, Scalable Capital draws attention to the following risks:
Investors may be able to obtain additional funds for capital investment by taking out loans or pledging their securities with the aim of increasing the investment amount. This approach leverages the capital used and can lead to a significant increase in risk. The interest incurred reduces the returns from the capital investment and can even exceed them. If the capital investment results in price losses, the total loss is increased by the interest incurred. In the case of a falling portfolio value, it may not be possible to meet any additional margin requirements of the pledge or interest and redemption claims of the loan, and the investor may be forced to (partially) sell off the portfolio.
Investors should therefore be particularly cautious with credit-financed capital investments and should thoroughly assess the risks of a credit-financed capital investment (e.g. a margin call) as well as their own economic circumstances before making an investment decision. Investors should generally only use freely available capital, which is not needed for living expenses and covering ongoing liabilities, for capital investment. Otherwise, Scalable Capital expressly advises against a credit-financed capital investment.
Legal notice
The securities credit and the quarterly interest must be repaid in any case - regardless of the use of the credit line. Note the risk of credit-financed investments: Due to price changes, your securities serving as collateral may lose all or part of their value. This may require early repayment of credit and/or the sale of securities.