Building Societies

If a comparison of provider upgrades on the House is extremely important when recording a modernisation loan, because is not always a credit with the public KfW bank group the first choice. As demonstrated in a comprehensive test of Stiftung Warentest, several banks offer their customers just as cheap or even better conditions. Only for a period of ten years, the KfW bank is unbeatable. The consumer portal informs homeowners what to keep in mind before a loan. From time to time, many property owners want a change in your own four walls. Also, renovations are necessary after a few years or the House must be equipped age. In such cases, modernization loans suitable to fulfill the dream of the redesign.

The KfW bank group is regarded as a pioneer, what the construction financing ( baufinanzierung.html) concerns. A borrowed amount of 20,000 euros, the State credit agency grants an annual effective interest rate of under two percent. For this it is Interest binding all ten years. Interested must contact but providing the support loan from the own bank. It is not legally obliged to do so. Who wants to pay off the loan is faster, is well advised with a loan at the HypoVereinsbank or the Sparda Bank. To grant an effective interest rate of 3.03 percent, for a term of five years each year. Real estate be debt-free and must be as security a mortgage registered in the land register. Compared with over 130 other banks and building societies a truly good deal.

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