Annuity loan - Offered interest rates / Key points?

Hello everyone,

has anyone here currently, or in the last few months, taken out an annuity loan over 25-30 years (without life insurance coupling) and if so, where and under what key conditions?

Has anyone also been offered this through local banks or is it better to go directly to insurance companies? (we would inquire with Interhyp afterwards)

Regards,
housedreamer

I cannot imagine that banks offer 30 years. They can only lose because every private customer has a special termination right after 10 years. That means the bank always loses. Either the interest rates have risen after 10 years and you remain in the loan agreement, then the bank has to settle for "much too low interest rates" for their capital for another 20 years. Because they could have invested their money more profitably now. Or the interest rates fall again, then you terminate and the bank suffers a loss of profit.

Why do banks then offer 10 and 20?

We had an offer from the DSL Bank for 30 years. On the one hand, we have not concluded anything yet, and on the other hand, it would not have been interesting due to the interest rate (3.03% in our case).

Except for the money she earned additionally through the interest surcharge in the first 10 years. I rather think the bank always wins :D

Because these conditions are downright outrageous. I just checked at a large Dutch bank that likes to do TV advertising in Germany and has made a name for itself since 2004 with higher-yield sight deposits... and today is probably often offered by financial intermediaries as the cheapest financier.

They charge 1.21 for a financing payout of 80% over 5 years, 1.46 over 10 years, but already 1.92 over 15 years. In contrast, 20 years are not offered at all.

That means the surcharge from 5 to 10 years is 0.25%, but the surcharge from 10 to only 15 years is already 0.46%, and 20 years or more are not offered at all.

The 0.46% includes the risk of premature termination under the [Baugesetzbuch § 489 Abs. I Nr. 2], ... heavily priced in...