Savings banks loan and lending rates

Aug 20, 2020 Loan

No financial institution has more customers in the Federal Republic of Germany than the savings banks. Under the famous S logo, more than 400 different savings banks are gathered, which together manage more than 55 million accounts on German soil. For this reason, no bank has to process more loan applications than the savings banks. The applicants are most interested in the Intrasavings Bank lending rates to find out which loan offer best suits their own needs.

The type of offer determines the amount

The savings banks have numerous loan offers where the interest rates vary. In general, the financial institution differentiates between corporate and private customers. The savings banks offer a wide range of offers, particularly when it comes to lending to private customers. In addition to the conventional overdraft facility, the savings banks have loan offers for students, for the purchase of real estate, for building loan contracts, for timely construction projects, for converting your own property to a more climate-friendly energy supply and for non-dedicated use.

The Intrasavings Bank lending rates for these offers are based on the external requirements of the loan: This means that the Intrasavings Bank lending rates are based on the amount of the loan, the term of the loan, existing collateral and earmarkedness. For example, some regional savings banks lower their lending rates on construction projects when the construction contract is placed with companies that work with the savings bank.

The difference between online loans and branch loans

The savings banks now offer the option of ordering loans directly online. This greatly simplifies and speeds up the process of borrowing. The loan interest is guaranteed for the entire term. For most banks, these are cheaper if the loan contract is concluded online. This does not have to be the case at the savings banks.

The savings banks are organized decentrally. This means that all regional savings banks have a high degree of independence and are not bound by the requirements of the head office. There is also a closer personal relationship between the employees of the regional savings banks and their customers than at other financial institutions.

That is why it is possible to get a loan at a lower interest rate in a personal conversation with the employees of your own savings bank than online.