Interest condition: Is it at a reasonable level?

Hello,

we were at the bank regarding a loan and now I would like to know your assessment whether the offer (annuity loan) is somewhat acceptable or if it is far too bad.

House price: €250,000
including incidental purchase costs and renovation: €300,000

Equity: €100,000
Loan amount: €200,000
Interest rate fixed period: 15 years
Term (full repayment): 15 years
Effective annual interest rate: 2.84%

Annual special repayment: up to 10% possible
Repayment amount may be changed 2 - 3 times during the term.

Regards,
Volkmann

As a full repayer, tendentially too expensive. You should currently find yourselves somewhere around 2.3 to 2.5% p.a. with very good creditworthiness.

I had already suspected that. I also suspected that it would have to be around 2.4%. We have a net income of €7,000 per month and no other debts. Long-term employees.

Do you know a good provider? So far, I have only been with the [Sparkasse].

The Sparkasse does not exist. There are many Sparkassen. And as a rule, they are also good providers among many good providers.

I would also take one or the other direct bank, possibly a Volksbank, and a loan broker. And then confront the bank whose conversation brought the best feeling, regardless of the conditions, with the best conditions available.

Many banks keep up and hold competing offers.

Hello!

Too expensive!

Hire an agent who searches for you!

Too expensive.

Go to Interhyp or Dr. Klein