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=S=> BGB 488. 1 The loan contract obliges the lender to make available to the borrower a sum of money in the agreed amount . The borrower is obliged to pay interest owed and , at the due date , to repay the loan made available to him .
=S=> BGB 488. 2 The agreed interest , unless otherwise provided , is to be paid at the end of each year and , if the loan is to be repaid before the end of one year , upon repayment .
=S=> BGB 488. 3 If a time is not specified for repayment of the loan , its due date is subject to the lender or the borrower giving notice of termination . The notice period is three months . If interest is not owed , the borrower is also entitled to repay without giving notice of termination .
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