Current financing offer from the house bank

  • Erstellt am 2022-01-24 10:38:10

Joedreck

2022-02-27 17:17:32
  • #1

Yes, I did. Thanks for the correction and clarification!
 

Oetti

2022-02-28 08:15:01
  • #2
LBS Bayern offers building society savers with loan interest rates starting at 0.25% p.a. To reach the loan interest rate you mentioned at LBS, a savings quota of 35% is sufficient to gain allocation. With higher savings quotas, the interest rate decreases accordingly. I don't understand what is supposed to be so bad about this.
 

kbt09

2022-02-28 14:34:25
  • #3
... where did you read the 0.25% p.a.? On the website, the current effective annual interest rate is 1.46% during the loan phase and 0.01% credit interest during the savings phase.
 

Oetti

2022-02-28 20:41:33
  • #4


I don’t just want to have read it, I have read it. Unlike you, I read it because I went a bit further than just skimming the homepage. In the tariff document under Tariff LBS-Z8 - nominal interest rate building loan: 0.25%.
 

nagner99

2022-02-28 20:54:52
  • #5
And if you had read a bit more carefully, you would have seen that you have to save very quickly for that, and with all the costs, you pay 1.47% effective interest rate for a 5-year loan term. That is simply expensive.
 

kbt09

2022-02-28 21:02:57
  • #6
... common sense already tells you that with today's interest rate offers around 0.25%, that cannot be the correct value. By the way, for the Z5 that I looked at for home financing, it shows 0.7%. But since the LBS first charges 2% of the loan amount as an upfront fee, so you actually pay back 102% of the loan amount, this must of course be included in the effective interest rate. Therefore, it is 1.46% for Z5 and 1.47% for Z8.

Moreover, one should ask whether it doesn't make more sense to put the monthly amount of the savings phase (only 0.01% interest) directly into repayment.
 

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