Financing through building savings? I also don't see the catch.

Hello,

we also have a building block with Fuchs offered by the bank. With our combo of:

1. L-Bank (50,000)
2. Building savings contract (28,000 to secure L-Bank after 10 years)
3. Fuchs (2x50,000) Interest 2.80%
4. regular loan (105,000) Interest 3.32%

We are at a rate of about 1,080 per month. The Fuchs is paid off after 26 years. Just as a comparison.

We also do not find the catch, our thread can be found in the financing plan/variants section.

With the Fuchs-Riester offers, you should have two different interest rates; one is the pure loan interest rate (for me 2.55%) and the other is the "overall interest rate" of the entire product (including the special features of a Bausparkombi). At least both were included in the offer for me.

For me, the overall interest rate was around 2.9% for approximately 25 years of duration; no annuity loan (with the same interest rate period) could compare. In that respect, I also decided on the Fuchs. (Which by the way can also be obtained as a non-Riester under the same conditions - of course then without the 154 euro subsidy per person)

If it is the same for you - Fuchs-Bausparkombi overall interest rate cheaper than annuity loan with the same interest rate period and commitment, why not?