DKB lowers building interest rates: dream of owning your own home becomes reality!

DKB lowers building interest rates: dream of owning your own home becomes reality!

DKB (Deutsche Kreditbank AG) recently adjusted the interest rates for its building financing. With its headquarters in Berlin and around 4,000 employees, DKB is one of the largest direct banks in Germany. It offers its approximately 5.8 million private customers tailor-made construction loans, which can be applied for directly online. The interest rate lock-in periods vary between 5 and 30 years, which offers borrowers a certain degree of flexibility when financing their real estate. The 2/3 interest rate is currently 3.43% for a term of 10 years. This means that two-thirds of borrowers can finance at this rate.

Another attractive feature of DKB building financing is the interest discount of 0.10 percentage points that is granted for sustainable properties. This is particularly true for properties that fall into energy efficiency class A or A+. The DKB would like to appeal to environmentally conscious buyers and at the same time promote innovative construction projects.

Financing modalities and requirements

DKB's building financing conditions vary depending on the loan amount, equity, creditworthiness, repayment period and fixed interest rates. Applicants usually have to have equity of 10 to 20% of the purchase price. The application also requires that interested parties are of legal age, provide proof of a regular income and have good creditworthiness. In addition to an ID card, the required documents also include salary slips and other relevant documents.

The DKB offers various loan models, including annuity loans with fixed monthly installments and flexible repayment options through special repayments and changes to the repayment rate. The repayment rates can be between 1 and 5% p.a., and special repayments of up to 10% of the loan amount annually are possible.

Digital application process and (un)desirable aspects

Particularly noteworthy is the DKB's digital application process, which allows customers to submit all the necessary data for an interest rate offer online. A personal preliminary interview is optional. When submitting the application, you must also provide information about your desired property and your financial situation. This makes DKB construction financing particularly suitable for customers with a fixed income and a preference for digital services.

However, there are also some disadvantages. The interest discounts are often difficult to obtain, so not all borrowers benefit from the attractive offers. In addition, self-employed people and traders often find it more difficult to meet the conditions of the DKB. For these groups, it is recommended to compare different construction finance providers in order to find the best conditions.

Alternatives to DKB building financing

DKB construction financing offers many advantages, but the individual situation of the applicant should always be taken into account. The actual financing costs are in the middle range in terms of the effective interest rate of the DKB, and the conditions differ depending on the provider and their conditions. It is therefore advisable to compare building financing offers in order to determine the best options.

For further information about the DKB and its building financing options, those interested can visit the website Morning post and Home loans visit.