With the nowhere cheaper guarantee of Verivox you are on the safe side. If you should receive the same installment loan of the respective credit institute, which they locked over us, over the concrete credit institute or a credit mediator to a more favorable interest rate, we refund you the interest difference – maximally however an amount at a value of altogether 300 € – in the form of a unique payment directly on your account.
With the nowhere cheaper guarantee of Verivox you are on the safe side. If you obtain the same installment loan from the respective credit institution that you concluded through us at a more favorable interest rate through the specific credit institution or a credit intermediary, we will reimburse you for the difference in interest – up to a maximum amount of €300 in total – in the form of a one-time payment directly to your account.
With the nowhere cheaper guarantee from Verivox you are on the safe side. If you should receive the same installment loan of the respective credit institution, which they locked over us, over the concrete credit institution or a credit mediator to a more favorable interest rate, we refund you the interest difference – maximally however an amount at a value of altogether 300€ – in the form of a unique payment directly on your account.
Verivox customers saved in the current year with an average of 39.53% cheaper eff. Annual interest rate around 40% interest compared to the average German borrower (average eff. Annual interest rate nationwide: 5.71%. Calculated from the mtl. Average interest rates for consumer installment loans of German banks for new business from January 2022 to July 2022, source: Deutsche Bundesbank interest rate statistics from 08.09.2022)
TuV tested comparison portal
Verivox lets test its installment credit comparison voluntarily in regular distances of the TuV Saarland. With the TuV seal, the testers confirm that the credit comparison meets the highest quality standards and is easy and safe to use for consumers. Particularly positively the TuV evaluated with its last investigation the consumer-friendly use conditions, the safe data communication, the comprehensible filter and sorting criteria as well as the high number of the offerers participating in the comparison.
Verivox is the price champion and industry winner
For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company ServiceValue have awarded the title of Gold Award Champion to Verivox. Thus Verivox is also 2021 the Nr. 1 of the comparison portals. Already in the years 2017 to 2020 Verivox has achieved the best possible status in gold in the overall ranking. Behind the broad-based customer survey on price enthusiasm are a total of around 1 million. Customer ratings at 3.000 companies and 270 industries.
Verivox customers saved in 2020 with an average 39.7% cheaper eff. Annual interest rate on average around 40% interest compared to the average German borrower (annual average eff. Annual interest rate 5.82%, calculated from the mtl. Average interest rates for consumer installment loans from German banks for new business in 2020, source: Deutsche Bundesbank interest rate statistics from 09.02.2021)
TuV tested comparison portal
Verivox voluntarily has its installment loan comparison tested by TuV Saarland at regular intervals. With the TuV seal, the testers confirm that the credit comparison meets the highest quality standards and is easy and safe for consumers to use. In its last test, TuV gave particularly positive marks to the consumer-friendly terms of use, secure data transmission, comprehensible filtering and sorting criteria, and the large number of providers participating in the comparison.
Verivox is price champion and industry winner
For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company ServiceValue have awarded Verivox the title of Gold Award Champion. Thus Verivox is also 2021 the No. 1 of the comparison portals. Verivox has already achieved the best possible status in gold in the overall ranking from 2017 to 2020. Behind the broad-based customer survey on price enthusiasm is a total of around. Customer reviews on 3.000 companies and 270 industries.
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Verivox customers saved in the current year with an average 39.53% cheaper eff. Annual interest rate around 40% interest compared to the average German borrower (average eff. Annual interest rate nationwide: 5.71%. Calculated from the mtl. Average interest rates for consumer installment loans of German banks for new business from January 2022 to July 2022, source: Deutsche Bundesbank interest rate statistics from 08.09.2022)
TuV tested comparison portal
Verivox lets test its installment credit comparison voluntarily in regular distances of the TuV Saarland. With the TuV seal, the testers confirm that the credit comparison meets the highest quality standards and is easy and safe for consumers to use. In its most recent study, TuV gave particularly positive ratings to the consumer-friendly terms of use, secure data transmission, comprehensible filtering and sorting criteria, and the large number of providers participating in the comparison.
Verivox is price champion and industry winner
For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company ServiceValue have awarded Verivox the title of Gold Award Champion. This means that in 2021 Verivox is also the no. 1 of the comparison portals. Verivox has already achieved the best possible status in gold in the overall ranking from 2017 to 2020. Behind the broad-based customer survey on price enthusiasm are a total of around 1 million customers. Customer ratings for 3.000 companies and 270 industries.
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- Personal advice
- More than 30 building society tariffs in direct comparison
- Offer in 5 minutes
TuV-tested comparison portal
Verivox voluntarily has its installment loan comparison tested by TuV Saarland at regular intervals. With the TuV seal, the testers confirm that the credit comparison meets the highest quality standards and is easy and safe for consumers to use. In its most recent study, TuV gave particularly positive marks to the consumer-friendly terms of use, secure data transmission, comprehensible filtering and sorting criteria, and the large number of providers participating in the comparison.
Verivox is price champion and industry winner
For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company ServiceValue have awarded the title of Gold Award Champion to Verivox. This means that in 2021 Verivox is also the no. 1 of the comparison portals. Verivox has already achieved the best possible status in gold in the overall ranking from 2017 to 2020. The broad-based customer survey on price enthusiasm is backed by a total of around 1 million respondents. Customer ratings at 3.000 companies and 270 industries.
- Best conditions for your construction financing
- Over 400 banks compared
- Personal advice on site
TuV tested comparison portal
Verivox has its installment loan comparison voluntarily tested at regular intervals by TuV Saarland. With the TuV seal, the testers confirm that the credit comparison meets the highest quality standards and is easy and safe for consumers to use. In its most recent study, TuV gave particularly positive ratings to the consumer-friendly terms of use, secure data transmission, comprehensible filtering and sorting criteria, and the high number of providers participating in the comparison.
Verivox is price champion and industry winner
For the fifth time in a row, the daily newspaper DIE WELT and the consulting and analysis company ServiceValue have awarded the title of Price Champion in Gold to Verivox. This means that in 2021 Verivox will still be the no. 1 of the comparison portals. In the years 2017 to 2020, Verivox has already achieved the best possible status in gold in the overall ranking. Behind the broad-based customer survey on price enthusiasm is a total of around. Customer ratings for 3.000 companies and 270 industries.
0,00% eff. Interest rate + nominal interest rate. p.a., Net loan amount 1.000, 12-month term, monthly installments of. installments A 83,33 €, total amount 1.000 €, Solaris SE, Cuvrystrabe 53, 10997 Berlin, Germany. Repr. Ex. gem. § 17 PAngV: Net loan amount 1.000 €, 5.36% debit interest rate geb. p.a., 5.49% eff. Interest p.a., 12 months term, monthly. installments A 85,77 €, total amount 1.029,24 €.
0.00% eff. Interest + nominal interest born. p.a., Net loan amount 1.000 €, 12 months term, mtl. Installments A 83,33 €, total amount 1.000 €, Solaris SE, Cuvrystrabe 53, 10997 Berlin, Germany. Repr. Ex. gem. § 17 PAngV: net loan amount 1.000 €, 5,36% debit interest geb. p.a., 5.49% eff. Interest p.a., 12-month term, monthly. installments A 85,77 €, total amount 1.029,24 €.
0.00% eff. Interest + nominal interest. p.a., Net loan amount 1.000 €, 12 months term, mtl. Installments A 83,33 €, total amount 1.000 €, Solaris SE, Cuvrystrabe 53, 10997 Berlin. Repr. Ex. gem. § 17 PAngV: net loan amount 1.000 €, 5.36% debit interest born. p.a., 5.49% eff. Interest p.a., 12 months term, mtl. installments A 85,77 €, total amount 1.029,24 €.
- Installment loan or construction financing?
- Budget calculator: Determine the installment amount
- Calculate installment loan
Loan calculator for your house, car and other wishes
There are many reasons for taking out a loan – from buying a car to moving house or rescheduling debts to buying a house. It is worthwhile to check your own financial possibilities in advance and compare different loan offers. The loan calculators at Verivox help you to determine your personal loan interest rates, to create a repayment plan and to calculate the additional costs of your construction financing.
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This is how the loan calculators at Verivox work
The loan calculator on Verivox.de help you find favorable interest rates and good conditions for your installment loan or construction financing. Enter the required loan amount to compare installment loans or calculate the current interest rates for your home financing.
- Start loan calculator: In the corresponding loan calculator, set the desired amount, the term or. The debit interest rate only includes the loan costs, the interest rate lock-in period and the intended use of your loan. To determine your personal loan interest rate, enter some data about your plans and yourself in the application form.
- Select favorable loan: After that, the installment loan calculator will directly provide you with non-binding offers from banks and financial service providers, which you can directly compare with each other. With construction financing, you receive the most favorable offer from over 400 financial partners.
- Apply for a loan or receive advice: To apply for an installment loan, you only need to legitimize yourself, sign the loan application and submit it to the bank together with the required documents. How to get your money in a few days. For the financing of your property, you can arrange a personal consultation appointment via video, by phone or in a local branch.
Loans with and without earmarking
Installment loans can usually be used for any purpose. However, for certain projects, such as buying a car or modernizing real estate, some banks offer special conditions. Then it is advisable to specify the intended purpose in the "Use" field.
A real estate loan, on the other hand, is always earmarked and is additionally secured by a land charge.
Installment loan or construction financing?
Depending on what you want to finance, the banks give according to the amount of the loan either an installment loan – between 1.000 and up to 100.000 euros – or a construction loan from 60.000 upwards. Both loans are usually annuity loans that are repaid in constant monthly installments. From the desired amount of the monthly installment and length of the term depends on the possible amount of the loan sum.
Effective annual interest rate
For both types of loans, banks indicate the debit and effective interest rate. The borrowing rate includes only the cost of the loan. They are determined by the loan amount, the creditworthiness of the borrower and the key interest rates. In addition to the interest on the loan, the effective interest rate also includes the repayment settlement and any other fees and is therefore used as a reference value for comparing loans. However, it does not include the following costs:
Budget calculator: Determine the installment amount
If you do not know what monthly installment you can afford, you should first use the budget calculator. Here consumers can compare their income and expenses and thus determine how much money is available for the repayment of the loan in the month.
The higher the monthly installment, the faster you can pay off a loan. For a shorter term, the interest costs are correspondingly lower and the loan is more favorable overall. When calculating the monthly installment, make sure to include a buffer for unforeseen expenses to avoid financial bottlenecks.
Calculate installment loan
Once you know your budget, you can use it to calculate the maximum amount of your installment loan with a term of 84 months in our calculator.
How much installment loan can I afford?
Our tip
Instead of setting a high monthly payment, you can look for loans with free unscheduled repayments to optionally pay off the loan in addition to the installments. On the other hand, if you fear payment defaults, you should pay attention to repayment breaks when agreeing the loan conditions.
Repayment schedule for your installment loan
This calculator creates an amortization schedule for your current or planned installment loan. You can see for any point in time within the term what the remaining debt is, how much interest you have paid in total, or what the ratio between interest and repayment is.
Construction financing calculator
Whether initial or follow-up financing, the loan calculators of Verivox offer orientation in all phases of construction financing. Different conditions, from the interest rate to the term to the monthly installment and the effects of an unscheduled repayment, can be compared precisely. With the help of the complementary loan calculators, consumers can plan through various financing options.
Budget calculator: How high can the loan amount be??
The budget calculator determines the maximum cost of the property based on the available equity and the monthly installment. You can find out what all counts as equity on our topic page.
In general, the lower the loan amount compared to the value of the property and the higher the share of equity in the construction financing, the more favorable the conditions offered by the bank.
Calculate additional costs
In the case of real estate financing, builders have to factor in ancillary costs in addition to the purchase price or construction costs, for example, for land transfer tax or the real estate agent. The notarization by the notary and the changes in the land register also cause costs. The land registry costs and notary costs calculator helps you to calculate the ancillary costs of a construction loan.
Accurately calculate construction interest
Each credit institution calculates the construction interest according to the individual conditions of the borrower and the property. In the construction interest calculator, you can use detailed information about your construction or purchase project to determine the interest rate you can expect depending on the term and monthly installment. You can then use this loan calculator to obtain the most favorable offer without obligation.
Repayment calculator: Optimizing the repayment plan
In the repayment calculator, you can calculate how long your real estate financing will last and how high the residual debt will be after the debit interest rate fixation. If you know the purchase price or the construction costs of your dream property and the expected borrowing rate, you can use the repayment calculator to draw up a repayment plan and compare different repayment conditions. The repayment schedule illustrates the course of the loan. Borrowers see how many euros the interest and the repayment portion in each installment payment.
This loan calculator determines in addition to the repayment period, for example:
- the repayment of annuity loans with and without unscheduled repayments or with a suspension of repayment;
- the initial repayment required to repay the loan in full during the fixed borrowing rate period;
- the duration of repayment and the loan costs in the event of an increase or decrease in the repayment percentage;
- the amount of the remaining debt at the end of the fixed-interest period;
- The duration of the complete repayment of the remaining debt, if the interest rate increases or decreases with the follow-up financing.
Early repayment penalty
If you took out a construction loan several years ago, you may be paying higher interest than you would today. By switching providers – or even rescheduling with the same bank – borrowers can secure a more favorable interest rate in the long term and save a lot of money. However, they must pay the so-called early repayment penalty if they reschedule or terminate their loan within the fixed-interest period. However, after 10 years the compensation does not apply. How expensive the change to a new bank can be, determines the prepayment penalty calculator.
Follow-up financing
Construction loans are seldom repaid in full within the first fixed-interest period. Consequently, borrowers must take out a new loan for the remaining debt. In the follow-up financing, the interest rates are recalculated and the conditions are sometimes changed. Borrowers can switch to another bank with more favorable interest rates or stay with their existing bank (rollover). The calculator for follow-up financing determines how much money you can save with a more favorable construction financing based on the interest rate difference between two loan offers.
An early comparison is worthwhile, because many banks offer loans without commitment interest. This allows builders to secure favorable terms for their remaining debt six or twelve months in advance.
Secure favorable interest rates in advance: The forward loan
In the construction financing calculator can also compare forward loans. With such a loan, builders can secure currently low interest rates several years in advance. For this service, however, the banks charge an interest surcharge for each "waiting month". To calculate these additional costs, enter "follow-up financing" as the project in the loan calculator. The calculator now determines by how many percent the interest rate changes depending on the disbursement date.
Is construction financing worth it??
Before the search for real estate begins, some builders wonder: is it even worth buying or building? Also the sometimes high costs of a construction financing let some prospective real estate owners doubt at first. However, the decision to buy or rent cannot be answered in a blanket manner, as it depends on many factors or personal life planning. You can find an overview of advantages and disadvantages in our rent-to-buy calculator.
Construction financing guide for download
You would like to learn more about the topic of real estate financing? In our guide to construction financing, we explain the entire process step by step, explain costs and give tips on how you can get a favorable home loan. Download construction financing guide now.
Verivox loan advice
We at Verivox not only offer you various calculators and loan comparisons, but are also personally available to answer any questions you may have about loans. We will be happy to advise you on the types of loan and guide you through the entire process from comparing offers to taking out a loan and beyond. Just call us on the free hotline.