Female homeowners enjoy a financial advantage with consumer loans and pay less for them than those without a home. They only paid 6.26 percent interest on these loans, while the interest rate for other borrowers was 7.47 percent. This is the result of a study by Check24. Dr. Stefan Eckhardt from CHECK24 emphasizes that property owners are given preferential treatment by banks due to their high creditworthiness.
This also applies to modernization loans. Interest costs for these have increased by 69 percent compared to the previous year. This increase has meant that a loan of 15,000 euros for 60 months now costs consumers 15 euros per month or a total of 919 euros more than before. Dr. Stefan Eckhardt also points out that the current interest rate advantage for property owners has decreased and lending criteria have become stricter. However, he predicts that banks will soon be able to provide favorable loans for ecological systems such as heat pumps and solar systems.
According to Check24, property owners borrowed an average of EUR 19,660 from banks for property modernizations in 2023. In 2022, the figure was still EUR 22,851. This corresponds to a decrease of 14 percent. According to Check24, this may be due to higher interest rates and political uncertainty.source and further information: check24.de
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