KfW loan okay or is there a cheaper option?

Hello, we are currently planning the financing of our own home. At my house bank, I was offered a KFW loan (Program 153) in the amount of €50,000 at 4.05% interest and a repayment rate of 1.87%. That seems very high to me. Is that correct or can you get a KfW loan cheaper?

.....the Ing-Diba is currently subsidizing the KFW interest rates by 0.3%! Two weeks ago, there was KFW153 at 3.60. However, KFW recently raised the interest rates. Nevertheless, 4.05 is quite expensive.

Many greetings
Ille1975

...At my house bank, I was offered a KfW loan (program 153) in the amount of €50,000 at 4.05% interest and a repayment rate of 1.87%. That seems very high to me.

Maybe it helps to explore the KfW conditions yourself. Presumably, the house bank compensates the subordinated loan excessively? v.g.

KfW Bank Group Program 153, conditions. I still got 2.19 effective for my 30,000 euros from the Sparkasse Thüringen passing it on. That's it.

Before too many assumptions are made here. The KfW conditions from their homepage as of 02.05.2011. Anyone can check them at any time. Different interest rates have their reasons in the chosen term, the number of repayment-free years, and the chosen fixed interest period. The monthly burden may then seem somewhat high to some. Hopefully, this is only because the advisor selected a 20-year term and hopefully not because the customer does not know that the KfW installment is always a 3-month installment.

In cases where different interest rates appear under the same conditions! subsidies are provided. On the part of KfW, there is only one interest rate for the same program under the same conditions.

Program 153

Nominal interest rate (Effective interest rate) per year Term Repayment-free start period Fixed interest period 4.10 % (4.16 %) 8 years 8 years 8 years 3.95 % (4.01 %) 10 years 2 years 10 years 4.20 % (4.27 %) 20 years 3 years 10 years 4.25 % (4.32 %) 30 years 5 years 10 years

So for me, a KfW loan makes no sense at all, at least this home loan. The interest rates are not lower than with a regular loan and no special repayments are possible. Only if the 15-year fixed interest rate is important to someone, does it make sense in my opinion.
It's a pity really, because it should actually be a subsidy, right?
Best regards
insgruene