A tailor-made loan
The annuity loan is a common form of loan in Germany. The annuity, i.e. the monthly installment, consists of an interest and a repayment component, which means that the loan is paid off evenly. Interest is only calculated on the outstanding amount, which means that over time the principal increases and the interest payments decrease. As a rule, the debit interest is fixed for 10 or 15 years, which offers a high level of planning security during the fixed interest period. You know your monthly rate and the remaining debt at the end of the term.
There is a risk that one acts imprudently under the influence of various comparison portals. Although it seems possible to make a quick and easy comparison across different providers, experience shows that this is difficult in practice. Our consultants will personally show you different options and allow you to compare specific offers tailored to your needs.
Constant loans can have different variants depending on the design. However, the main goal is always to set the conditions for the entire term at the time of conclusion. This is a two-part agreement, consisting of a loan and a home savings contract. At the beginning, the final loan is paid out, for which only the interest is due during the term. At the same time, monthly payments are made into a home savings contract. When it is allocated, the home savings sum is used to redeem the first loan, after which the repayment of the home savings loan begins. The interest rate and the rate for the entire term are fixed from the start.
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