You determine the length of your loan period.
Until the end of the 4th month after your loan was granted, you or someone that you assign may retrieve any item(s) that you left with us as security for your loan, upon repayment of the loan amount plus interest and fees, but only in the branch office where the transaction took place. You may also extend the credit period beyond four months by paying all accumulated interest and fees. This can be done in person or by mail. Please note that it is very important to either pay off your loan or extend the credit period, within the four month loan period. At the end of that period the auction process is triggered and any item(s) you left as security will be auctioned off to the highest bidder at one of our public auctions here in Hamburg.