Is a minimum loan amount necessary for Riester?

  • Erstellt am 2011-07-07 15:48:20

Tifflor

2011-07-07 15:48:20
  • #1
Hello,

following question, my wife and I recently bought a condominium: purchase price only for the property 64,000 euros

at that time we were not yet married, so we both financed 50% (and thus are also owners)

During the consultation back then, we were told that we could not use "Wohn-Riester" here because the purchase price of the property was too low.

After doing some research now, I found a corresponding "4% of the previous year's gross income" rule, but I cannot quite understand what this rule is supposed to tell me. On some sites it is said that this is the minimum amount for the loan to be subsidized – are we then talking about an absolute amount or the annual costs? On other sites it is said that this 4% refers to the maximum amount to be subsidized – that is, the amount on which you can receive the Riester subsidy at most.

Can someone provide me with more details about this? Is there such a "minimum loan amount" and if so, how do I calculate it?

Thanks and regards
 

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