Which bank has the best conditions

Works. Banks from the border region do that ==> Savings banks and cooperative banks / Raiffeisenbank

but only for cross-border commuters. The property is not at the workplace, which is abroad, but still can be enforced through the land register entry. The surcharge is for the fact that the salary is not easily subject to garnishment. Buyers of holiday homes regularly have the problem of financing foreign properties.

The problem of financing foreign real estate regularly affects buyers of holiday properties.

Holiday properties are a completely different category of property.

but only for cross-border commuters. The property is not at the workplace, which is abroad,

But living and working abroad and then financing in Germany works relatively well with border banks. I could name you a dozen banks in the border region of L/BE/NL for this (since I also live in the area and also look after banks there). Some have opened a proper "foreign business" – including employees from the respective countries who are very familiar with the local customs. I have heard similar from my colleagues on site in the border region to Austria. In the Netherlands, for example, significantly higher margins are achievable, so it’s a good business for the banks.

Well, of course not exact figures, but is fixed interest rate around 4% or 1% under the mentioned conditions???

One problem with your previous information is that the terms are usually quite strongly dependent on the loan-to-value ratio. So, for example, whether you buy/build a property for 1 million and want to borrow 500k (and already have the rest) versus whether the property is worth 480k and you take out 500k (total costs plus some incidental purchase costs/notary fees etc.) makes a big difference for the bank and is quite clearly reflected in the interest rate (that can easily make a difference of a percentage point or more, plus some banks would outright reject the latter scenario, so they are simply excluded when asking "which is the cheapest bank," depending on your conditions). There are other factors as well, but I think for many of us this is one of the biggest relevant ones (?) For you, there is the additional question of whether banks would even finance the property abroad and if so, whether they would charge risk surcharges. That’s probably why no one really wants to answer you right now ;) When I just look at the interest rate trend at Interhyp, they currently say about 3% (2.97%) for the newest contracts with 15 years fixed interest. But as I said, this can vary greatly individually. If your conditions are top, lower (then you get to the "from x%" values that banks like to advertise). If rather mediocre, sometimes significantly higher. On top of that, the interest rate development in recent months has been quite volatile and no one really knows how it will proceed. So it could look different again next week ;)

Works. Banks from the border region do this ==> Sparkassen and Vereinsbank / Raiffeisenbank

Exactly, that's how it is! Do you roughly know the current fixed interest rates at the two mentioned above?

Exactly, that's how it is!!! Do you know the current fixed interest rates for the two mentioned above?

No, I have no idea. Sorry.

Hello, can someone tell me which German bank currently offers the best interest rates? 500k loan volume, approx. €2200/month loan rate, term 30 years I am from Austria and our construction project is also here. I would like to know how the conditions are in Germany. I have an offer for 15 years fixed at 2.875% and then variable with 3-month Euribor + 0.65%. Can this be topped in Germany? Are there banks worth taking a closer look at? Thanks for your info

Good morning,

I don't know what answers you have received so far, but the times when a German bank financed a property abroad are over (at most banks in the border area still do).

Because for all other banks there are 2 problems here:
- Collateral abroad (house in Austria, not in Germany!)
- Non-resident taxpayer (income is earned abroad, not in Germany!)

Therefore, 99% of banks are out here, so a comparison would be pointless.

A German bank would provide financing here if you had collateral (a property!) in Germany, then many banks would still be out, but not all (there would be slightly more choice).

Therefore, look which bank is the cheapest in Austria and take that one...

PS. Germany is also very spoiled in terms of interest rates, other countries, for example the Benelux countries or Poland, have always paid higher interest rates for properties than we do here in Germany. It is also like with food, when you leave Germany, you realize that everything is much more expensive elsewhere.