Variable financing when change

Hello,

I have an offer for a variable financing that is okay so far. However, my bank advisor said the interest rate only changes if the key interest rate moves by 0.25 within one month - I see this probability as low.

Is this common? How would the interest rate change if the key interest rate managed to achieve this increase?

Thanks and regards
Michael

Is this common? How would the interest rate change if the key interest rate managed to increase like this?

Ask your bank. We do not know the agreement in the contract.

Is this usual? How would the interest rate change if the key interest rate were to achieve this increase?

"Usual" is not a qualitative characteristic of a contract that helps you decide whether the conditions are right for you or not. The effect of a key interest rate change on your interest rate must be precisely defined in the contract. Do not only ask the bank, but also someone who can neutrally explain the mechanics of the contract to you.

Hello,

I have an offer for a variable financing that is okay so far. However, my bank advisor said the interest rate only changes if the key interest rate moves by 0.25 within one month – I see this probability as low.

Is this common? How would the interest rate change if the key interest rate made this increase?

Thanks and regards
Michael

Yes, we also financed variably for about 3/4 of a year because we had to finance the land beforehand. I think that’s the case for you too?

For us, this is contractually agreed with the key interest rate change. It is also common, and we received such offers from various banks.

And yes, the probability that this happens is very, very low.