Construction financing through intermediaries or local banks

and Europace still exists in so many "sub-variants," for example, the savings banks create their own platform from it for themselves, the cooperative banks as well, and so on and so forth...

That’s what I meant by "bank playground where every bank/intermediary can connect via a software interface." And Europace is definitely the largest and most important interface with great growth.

Thanks for the correction regarding booking. I had written that imprecisely.
Otherwise: You are of course right about the outdated data; I had already seen before my post that the bank source for the Wiki entry is from 2015 :)

and by the way, there are other platforms aside from Europace...

Which platforms besides Europace still exist?

In January, we took out a variable loan with 1.79% at Sparkasse that would have cost 2.2% through Check24. We secured our total financing two weeks ago at 1.67% for 15 years, whereas it was about 1.93% at Check24. A loan requested one year ago at Interhyp was also higher than that of Deutsche Bank (1.17 vs. 1.4%). My conclusion for the Dresden area: it is significantly cheaper to go directly to the bank.

We concluded a variable loan with 1.79% at the Sparkasse in January that would have cost 2.2% via Check24. We secured our total financing two weeks ago at 1.67% for 15 years, whereas it was about 1.93% on Check24. Also, a loan requested a year ago at Interhyp was higher than that of Deutsche Bank (1.17 vs. 1.4%). My conclusion for the Dresden area: directly with the bank is significantly cheaper.

Well, since then, interest rates have already risen by about 0.4%. Weekly increases of 0.2% are currently more the rule than the exception. I only truly believe it’s significantly cheaper once the loan contract is signed. Why should the local bank be giving away gifts in the current situation?

Even a loan requested one year ago at interhyp was higher than that of Deutsche Bank (1.17 vs. 1.4%).
My conclusion for the Dresden area: it is significantly cheaper directly at the bank.

Wow. Especially Deutsche Bank. Private or business customer? Especially in the private customer sector, the bank has declined incredibly. While ten years ago you were well advised in the branch, four to five years ago they switched to advice in the branch via Skype (or whatever) sessions to the Berlin central mortgage financing office. According to my experience, the conditions and processing have declined considerably compared to ten years ago.

Concrete example, very recent:
Deutsche Bank 1.83% nominal interest rate, 10-year fixed interest period
Competition via one of the mentioned platforms 1.14% nominal interest rate, 10-year fixed interest period.

So much for Deutsche Bank.

Wow. Especially Deutsche Bank. Private or business customer? Especially in the private customer sector, the bank has declined incredibly. While you used to get good advice in the branch 10 years ago, 4-5 years ago they switched to advice in the branch via Skype (or whatever) session with the construction financing center in Berlin. In my experience, the conditions and processing have deteriorated significantly compared to 10 years ago.

A very current concrete example: Deutsche Bank 1.83% nominal interest rate, 10-year fixed interest period Competitors via one of the mentioned platforms 1.14% nominal interest rate, 10-year fixed interest period.

So much for Deutsche Bank.

Where did you currently find 1.14% for 10 years? :O

Platforms through intermediaries have a small disadvantage that should not be concealed. The lending values of the properties can, but do not have to, be identical to those of the bank. Especially in the current times, loan amounts are being maximized. If the lending value is then rated somewhat worse by the bank, i.e., after the application and during the bank's review, the nominal interest rate can unfortunately be worse than stated in the offer. Usually, this is not a problem, as the intermediary/advisor can then make adjustments, but currently the review sometimes takes place with a delay of several weeks. A change to the application can quickly result in revised conditions. One is somewhat trapped and must hope that the values also match those of the bank.