Securing interest rate for KfW 124 financing

  • Erstellt am 2019-07-04 21:17:38

Maras27

2019-07-04 21:17:38
  • #1
Hello everyone,
We have our financing with KFW 124 with a 10-year fixed interest rate. After that, we will need follow-up financing as there are still approximately €30,000 open with KFW. How can I secure the interest rate for the entire term? Are there any possibilities?
Thank you in advance for the answers and best regards.
Claudia
 

HilfeHilfe

2019-07-05 06:25:21
  • #2
You will receive a market-standard offer from KfW upon completion.

Otherwise: save and make special repayments, follow-up financing from another bank, or for example a building savings contract.
 

hiS1988

2019-07-05 12:03:29
  • #3
The interest rate from the KFW cannot be hedged, the loan can be repaid early, and the term is a maximum of 10 years.
 

FengShui

2019-07-06 00:55:27
  • #4
Hey Maras,
ultimately there are different options, but only one real form of security.
You sign a building savings contract today, which redeems the KFW loan after 10 years.
However, consider the closing fees etc. here.

Alternatively, you could take out a so-called forward loan at the earliest 5 years after conclusion. But since no one knows the interest rate market in 5 years, that is rather a big crystal ball.

Best regards
 

maduuto

2019-07-08 00:03:02
  • #5
Is a forward loan possible for a KfW loan? The bank providing the main financing will register the land charge, no other bank will subordinate a loan to it.
 

HilfeHilfe

2019-07-08 06:34:15
  • #6
30k will be too low as a forward for a construction financing.
 

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