We at the bank are accustomed to dealing with changing situations and are not afraid to talk about even difficult topics. So, do not dwell in your worries alone, but just contact us. For us, it is important that you cope even with difficult situations as well as possible.
Unlike with paying rent, the payment schedule for a housing loan is not carved in stone. If you have handled your finances well, your loan is flexible. Our home credits already contain free-of-charge instalment-free periods, which you can conveniently apply for in eBanking.
A loan that is suitable for your life also allows you to save money, allowing you to prepare for changing situations in advance.
When you own your home, your housing expenses are actually more flexible than if you were renting your home. In addition, the Steady and Steady Plus housing loans contain built-in flexibility options, such as instalment-free periods and loan changes without a separate service fee.
Read more about our housing loans
In your own home, your housing expenses usually consist of the maintenance fee, the loan instalment and interest. For example, with a loan of €150,000, the instalment would amount to €536 monthly and the interest €188 per month.* If you become unemployed, you can apply for an instalment-free period, only paying the maintenance fee and interest for your housing. This will temporarily free up the amount of the instalment from your housing expenses and make it available to living. This is the period during which your loan will not be repaid. In addition, in case of prolonged unemployment you can also consider selling the home. If you were renting, you would have to pay the rent for the corresponding home in any case.
* The example is calculated with a loan of €150,000, a total interest rate of 1,5% and a loan term of 20 years. Source: Loan Calculator