Need follow-up financing with a short term

  • Erstellt am 2025-03-11 22:29:17

nordanney

2025-03-12 10:54:16
  • #1

For me, that's 9.163% or then about €3,200 interest for a €70k loan.
 

mayglow

2025-03-12 11:14:38
  • #2

I believe there are different opinions here about what the margin refers to.... Basically, whether it is 2.663% * (106.5%) = 2.836% (6.5% more of the interest rate) or 2.663% + 6.5% = 9.163% (increase of the interest rate by 6 percentage points).
The difference is of course significant (and I have no idea what is usual there).
 

nordanney

2025-03-12 11:16:19
  • #3
Margin is the surcharge on the nominal interest rate. Always!
 

mayglow

2025-03-12 11:17:37
  • #4
I had suspected it, but thank you for the clarification!
 

Grundaus

2025-03-12 12:17:26
  • #5

A personal loan is always more expensive than a mortgage loan and usually goes up to €30,000 or €50,000 at some banks. Registering the main bank in the land register also just costs unnecessarily.
 

Grundaus

2025-03-12 12:20:57
  • #6
If it is still an old life insurance policy with 4% guaranteed interest tax-free, I would not withdraw it. Extend the loan for 5 years at under 3% interest.
 

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