Promotional loans and their requirements …
Loan is repaid after the interest rate has expired
Anyone who has ever built a house or has had it built will know how expensive such a new building is or will be. This also applies to objects that have already been built and are now looking for a new owner as a used property. In very few cases, the buyers are able to make the purchase from their savings, but are largely dependent on financing. In doing so, they will attach great importance to the fact that the installments for the loans are affordable and that, if possible, they can also use the so-called construction subsidies .
First of all, it depends on what the personal circumstances of the buyer are. After all, quite a few promotional loans can only be granted if the purchaser himself fulfills certain requirements. Promotional loans from the state banks, for example, are usually only granted to families with at least two children who have a certain equity ratio, usually at least $ 10,000. If these prerequisites are met, these loans can usually be granted at a reduced rate of interest and due to the high repayment component, a large part of the loan is repaid after the interest rate has expired.
Redeem a home loan more quickly
The situation is similar with the loans from the Intrasavings bank. Several subsidy programs are usually available to buyers in parallel, be they those for energy-efficient renovation of the property or simply promotional loans for real estate that the purchaser uses himself. They usually all have the advantage of being repaid for a few years on request and depending on the funding program, they are also very attractive in terms of the interest rate, especially when it comes to energy-saving houses or measures that help to save energy.
However, there are also construction subsidies that have little impact, but should still be used if the conditions are met. For example, the housing construction premium and the employee savings allowance are among the government subsidies that make a home savings contract ready for allocation or redeem a home loan more quickly. However, they are subject to certain income limits.