Schnubbihh
2023-08-08 09:22:18
- #1
... exactly avoid something like that. It has the disadvantage that you waste the years and cannot make them work for you by also getting off the debts at some point. I also find 5 years very cheeky, i.e., too long... in my opinion, that is far too long without repayment. 130€, that for 60 months, before you can service the loan. What is the problem with letting 250€ per month flow into repayment?
Repayment-free time is not a blessing, especially since everything else is calculated tightly, limited, and on the edge.
From a financial perspective, I think exploiting the repayment-free period on the KFW portion definitely makes a lot of sense.
It is the loan with the lowest interest rate. Accordingly, I would only repay the minimum here and put the saved money, for example, as a special repayment into the main loan (e.g., 5% per year). That way, I repay the loan with 4% interest instead of the loan with 1% interest. I see nothing wrong with that (provided that you really repay the main loan with the savings).
In addition, the repayment rate for KFW & IFB is already higher at 2.5-3% than the "common standard" of 2% repayment for the main loan. Overall or on average, you therefore repay >2% of the loan amount per year.