Right of withdrawal joker? Experiences with incorrect withdrawal instructions?

Good day,

I have recently come across the article where the term "Widerrufsjoker" is mentioned more often. Particularly interesting for customers who currently have to pay too high interest rates or excessive prepayment penalties. My bank, the DSL Bank, apparently also performs very poorly regarding the cancellation instructions. Does anyone have experience with this topic? We have an interest rate over 3%... it would, of course, be a dream to get significantly lower rates through such a loophole. But I think the banks will strongly resist this issue with all their might...

When was the contract signed?

As soon as the topic came up, the big banks as well as DSL made the contracts watertight. At 3% in the contract, you will certainly fall out because the contract is too young. I guess it was signed in 2013.

Otherwise, there are counseling centers.

Sorry, I made a typo... It should be 2%. To be exact, 2.13% over 20 years. Completed in February 2017. Today, you could theoretically get 1% less. That's also a nice amount.

Sorry, I made a typo... It should have been 2%. To be precise, 2.13% over 20 years. Concluded in February 2017. Today, theoretically, you could get 1% less. That’s also a nice amount.

Oh dear, the clauses have long been in order, banks aren’t that stupid after all. Besides, the revocation is not that simple, because if you push it hard, the remaining debt becomes due in one lump sum, or another financing bank (which then settles for the second rank) must already be found. Unfortunately, such details rarely make the "headlines". In 8 years, you’ll have the chance to properly terminate the contract again, if it’s still interesting then...

For that, you would have to look at your loan agreement. Was the withdrawal instruction given its own page that you signed? Then no chance!

My sister had her 2008 contract reviewed by the consumer protection agency, I think that was in 2015, and she had no chance due to the above-mentioned facts.

You probably also paid less for the construction/purchase of the house in 2017, so it probably balances out with the interest difference.

Since the issue with the instruction was already a big topic several years ago, I also think your contract is watertight.

The "revocation joker" from 200x is now history. Since March 2016, if the gaps in new contracts still existed (very unlikely), a maximum revocation period of one year and 14 days applies. In your case, it has already expired anyway. Check it off. It also doesn't help to get upset. When you concluded the contract, it was a good deal, wasn't it? That's all that counts. Who knows, maybe in 5 years interest rates will be at 3%, then you can be happy. Or they stay low and in 8 years you can do a follow-up financing.