1.

This Directive shall not apply to: credit agreements or agreements promising to grant credit: intended primarily for the purpose of acquiring or retaining property rights in land or in an existing or projected building, intended for the purpose of renovating or improving a building as such; hiring agreements except where these provide that the title will pass ultimately to the hirer; credit granted or made available without payment of interest or any other charge; credit agreements under which no interest is charged provided the consumer agrees to repay the credit in a single payment; credit in the form of advances on a current account granted by a credit institution or financial institution other than on credit card accounts. Nevertheless, the provisions of Article 6 shall apply to such credits; credit agreements involving amounts less than 200 ECU or more than 20 000 ECU; credit agreements under which the consumer is required to repay the credit: either, within a period not exceeding three months, or, by a maximum number of four payments within a period not exceeding 12 months.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-11 · Text as adopted (Official Journal); later amendments are not incorporated in this text.