Interest condition: Is it at a reasonable level?

  • Erstellt am 2014-07-10 23:52:27

Volkmann

2014-07-10 23:52:27
  • #1
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
 

toxicmolotof

2014-07-11 00:42:09
  • #2
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.
 

Volkmann

2014-07-11 00:45:54
  • #3
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].
 

toxicmolotof

2014-07-11 07:32:01
  • #4
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.
 

HilfeHilfe

2014-07-11 07:48:27
  • #5
Hello!

Too expensive!

Hire an agent who searches for you!
 

klblb

2014-07-11 08:43:45
  • #6
Too expensive.

Go to Interhyp or Dr. Klein
 

Similar topics
27.02.2014Which banks currently have good offers?13
30.10.2014Financing offer for the construction of a two-family house19
30.04.2019Experience / Opinion on home financing with a high loan amount62
28.02.2023Evaluation of Savings Bank Interest Offer17

Oben