KfW loan okay or is there a cheaper option?

For me, a KfW loan doesn't make any sense, at least not this home ownership loan. The interest rates are not lower than those of 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, because it should actually be a subsidy, right?

Regards
insgruene

Whether KfW makes sense or not cannot be said in general.
It depends ABOVE ALL on the individual project and the individual interested parties.
There is no best financing that makes sense for everyone per se.

Here, it is certainly necessary to distinguish between the different KfW programs.
KfW 124 Home Ownership Program is, for example, very suitable for covering loan peaks above 80% up to 100%. And for this area, the interest rates are also very good.
However, there are no special repayment options here.
KFW 153 is set up quite differently.
Here, the stated interest rates apply and in addition, there are repayment grants depending on the achieved energy saving ordinance standard (better than Energy Saving Ordinance 70). Additionally, up to 100% special repayment can be made here. In case a sack of money falls from the sky.
Again, a note: EVERY project is different, every interested party is different in terms of their person and the whole score stories.
Therefore, the internet for financing advice or self-information is at best suitable as a first rough orientation. It is worth going to a good (fair) financer who works out the financing individually with the interested party. On the side, the nominal interest rate is only one truth, there are a lot of others.
Regards
JoS

We have received a KfW loan through our savings bank (Programm 153). Favorable interest rate 3.19% effective, 100% special repayment. In the end, we probably only need 30,000 instead of the approved 50,000 euros and may be able to repay 5-10,000 euros according to the current financial plan. With a monthly repayment of 600 euros, we will be debt-free after 3-4 years at the latest. However, it may be difficult to pass this KfW loan on in the same way, as there is only insignificant profit made from it. A good friend at the savings bank made it possible for us. Especially because of the special repayment option, I would always include KfW loans in the selection again.

We got a KfW loan through our savings bank (Program 153). Favorable interest rate 3.19 eff.,

When was the loan with this interest rate applied for? It hasn’t been valid for some time now. It is a helpful note if someone who mentions certain interest rates also gives the date. KfW loans are also subject to the market. In German, they have become significantly more expensive in recent weeks.

Especially because of the option for special repayments, I would always choose the(sen only available in Program 153) KfW loans again.

For someone who only needs financing up to 60% loan-to-value, the current interest rate is not really good
Sunny regards
JoS

Sorry, in January 2011 I believe.

Sorry, in January 2011 I believe.

No problem
I no longer have the conditions from that distant past.
Only the current ones
4.01 to 4.32 % effective with the 153 depending on the repayment amount (term)
very old from 01 to 20.04.11 it was still 3.80 to 4.11%.

Meaning the interest rate market is moving, does everyone like the direction? Hardly the financier.

Nevertheless, no one should let themselves be pressured by the often heard "you have to sign immediately, interest rates are rising," or the like.
JoS