Annuity Loans Experiences & Test – Loan rating

ING-DiBa annuity loan

With the annuity loan, customers are always exactly what monthly installments they expect. In addition, there is a guarantee for interest and other credit conditions for the entire term of the loan. Therefore, the annuity loan according to our Metabank  experience is mainly applied to mortgage lending. There are numerous offers and attractive interest rates. Even regional additional interest savings are possible. This allows the Metabank annuity loan to hold its own in the credit comparison. We show what opportunities borrowers have for financing.

  • several options for annuity loans
  • Fixed interest between five and 15 years
  • Interest from 1.40 percent
  • Saving interest in changing actions

credit comparison shows that Metabank has several loan options. In addition to the installment loan or the framework credit, the Metabank annuity loan is also included. It is mainly used to finance one’s own four walls, because it is flexible and offers planning security over years. This is one of the main advantages of an annuity loan. The borrowers already know the degree, which monthly burden on them in the coming years. The rate is always the same for the Metabank annuity loan. Here lies the essential difference to other types of credit.

Debit interest also tied for a long time

Debit interest also tied for a long time

Especially the interest rate is different according to our Metabank experience in the individual loan offers. Often the interest rates are even variable, so that the borrowers have little or no planning certainty in their monthly credit burdens. In the case of the Metabank annuity loan, interest rate retention will even last for a longer period of time. In the credit comparison, interest rates may be fixed between five, ten, fifteen or even up to twenty years depending on the provider.

Repayment at annuity loan

Repayment at annuity loan

There is a special feature of the annuity loan. As monthly is always a same size repaid, takes place first the repayment of interest and only in the course of the years, the actual repayment of the loan amount.

Residential loan are impressive. The borrowing rate is 2.95 percent (instead of October 2018) and is of course linked for the duration of the term. The annual percentage rate is 2.99 percent.

Conditions always top

Conditions always top

The Metabank experience shows that the conditions for Metabank annuity loans can withstand comparison with other banks. The financing of own four walls can be realized at 1.04%. In addition, borrowers can benefit from a regional interest rebate of up to 0.2 per cent. We did the test and checked different regions throughout Germany. The result: Almost all customers can look forward to the interest reduction of 0.20 percent. Anyone who buys an existing property can secure an interest rebate of 0.1 percent. In addition, there are always changing actions, such as an interest-free provision of twelve instead of six months.