Are you planning to renovate or convert your home, or are you dreaming of a holiday home? Then you’ve come to the right place! With our user-friendly online service, you can quickly and easily find a real estate loan in Austria that suits your individual needs. Discover how easy it can be to finance your property project!
Calculate your real estate loan with our loan calculator
Compare real estate loans with kredit-fuchs.at – how it works
1. Calculate your desired loan
Start your search for the right real estate loan directly on our website. With our intuitive online calculator, you can quickly calculate your desired loan. Simply enter the required amount and the desired term, and you immediately see an initial estimate of your possible instalment. The interest rate is decisive, and you can easily change it using the slider to run through different scenarios. The rate you finally get depends on many factors – our loan comparison for Austria helps you find good conditions.
2. Submit a non-binding inquiry
Once you have calculated your desired loan, the next step is to complete the inquiry. Our online form guides you through the process – quickly, easily and securely. Your data is of course treated confidentially.
3. Compare suitable offers
After your inquiry, offers from our partner banks are compared for you. You see a selection of suitable options tailored to your needs and financial possibilities.
4. Choose the best offer and receive the amount
The final step is to choose the best offer for you. Once the contract is signed, the loan amount is paid out so that you can start your project without delay.
All about real estate loans: definition, advantages and uses
What is a real estate loan and how does it differ from a mortgage loan?
In this context, a real estate loan is an unsecured loan used to finance renovation and conversion projects or smaller property-related expenses. It differs from a mortgage loan , which is secured by an entry in the land register and is usually used to buy a house or flat. The unsecured loan is more flexible and often available more quickly, which makes it ideal for smaller or short-term projects.
Advantages of a real estate loan compared to other financing options
Real estate loans offer numerous advantages:
- Speed: Compared to mortgage loans, approval is usually faster, as no land register entry is required.
- Flexibility: You can use the loan for a variety of projects, from minor renovations to energy-efficient upgrades.
- Transparency: In Austria, the effective annual interest rate shows all costs of the loan, so you know exactly what to expect.
- Early repayment: You can repay the loan early at any time (§ 16 VKrG); for fixed-rate loans, compensation is capped at 1% (0.5% for a remaining term of up to one year).
Examples: renovation, conversion and holiday home
- Renovation: Whether you’re modernising your kitchen or remodelling your bathroom, a real estate loan helps you make your dream home a reality.
- Conversion: Would you like to extend or convert your home? A real estate loan provides the necessary financial support.
- Holiday home: For smaller amounts, for example furnishing or renovating a holiday home, an unsecured loan can be quicker. For buying a property, a mortgage loan is usually the more affordable option.
Find the best real estate loan offers online: a detailed comparison
How to find a cheap real estate loan: use the comparison
Finding a cheap real estate loan can be a challenge. With our online service at kredit-fuchs.at, it becomes much easier. Here are the steps:
- Enter the loan details: Enter the desired loan amount and term in the calculator.
- Send your inquiry: Offers that suit your situation are compared for you.
- Choose the best offer: Compare the conditions and choose the offer that best suits your needs. The loan amount is then paid out quickly.
Sample calculation: how much you can save
A specific example illustrates the savings a comparison can bring:
Case study:
You are planning to modernise your kitchen and need a loan of EUR 20,000. With a term of 5 years and an illustrative interest rate of 5% from your bank, the interest costs over the entire term would be around EUR 2,645.
If a comparison leads you to an offer from another bank at 4%, the interest costs over the entire term fall to around EUR 2,100. This saving of around EUR 545 shows how important it is to compare offers for your project.
In addition, the monthly instalment in this example would be around EUR 9 lower, so you would already have less of a burden during the term.
Disadvantages and risks of real estate loans
Typical pitfalls and how to avoid them
Although real estate loans offer many advantages, there are also certain risks and pitfalls:
- Over-indebtedness: Do not borrow more than you can afford. Careful budget planning is essential.
- Interest rate changes: Variable interest rates are usually linked to the EURIBOR and can rise, which affects the total cost. A fixed rate for as long as possible can be the safer option for many people.
- Project delays: Renovation and conversion projects can face unforeseen delays and additional costs. Plan a financial buffer.
To avoid these pitfalls, we recommend detailed financial planning in advance and a careful comparison of offers. Also consider how flexible the repayment terms are (e.g. instalment breaks).
What should I do if my loan application is rejected?
If your application is rejected, find out why. Common reasons are insufficient creditworthiness or too high a risk. In such cases you can:
- Improve your credit rating: reduce debts, prove regular income and check your data at the KSV1870.
- Check alternatives: Consider other sources of funding, such as housing subsidies from your federal state.
- Adjust your request: You may need to reduce the loan amount or change the term.
FAQ: Frequently asked questions about real estate loans
What are the current interest rates for a real estate loan?
There is no general answer to this question. Interest rates for real estate loans in Austria vary depending on the lender, your credit rating, the loan amount, the term and the market environment, for example the EURIBOR. The best way to find out your personal rate is to compare individual offers with our free comparison.
What is a real estate loan?
A real estate loan is a loan used specifically to finance renovation work, conversions or other property-related projects. Unlike mortgage loans, which are secured by the property and mainly used to buy entire properties, unsecured real estate loans offer more flexibility and are often easier to obtain.
How does a real estate loan work?
A real estate loan works like other loans such as a personal loan: you borrow a certain amount from a lender and repay it over a fixed period in monthly instalments consisting of interest and repayment. The special feature is its use for specific projects such as renovations or conversions.
What do you need to consider when taking out a real estate loan?
Consider the following when taking out a real estate loan:
- Interest rates and total costs: Compare the effective annual interest rates of different offers.
- Ability to repay: Make sure you can repay the loan amount and interest without excessive financial strain.
- Early repayment: In Austria, you have the right to repay consumer loans early. Check whether compensation applies (maximum 1% for fixed-rate loans).
Can I take out a real estate loan together with my spouse?
Yes, you can take out the loan as a married couple together. Besides some advantages, this also carries potential risks, particularly regarding joint liability and in the event of divorce.
Real estate loans without equity: options and requirements
How to get a real estate loan without equity
For renovation and conversion projects, an unsecured loan without equity is possible in Austria. This is particularly interesting if you need financing quickly but do not have sufficient savings. (For buying a property with a mortgage loan, banks generally expect equity.) The key factors are:
- Good credit rating: A good credit rating is crucial for gaining the trust of lenders.
- Stable income: A regular and secure income increases your chances of approval.
- Realistic loan amount: Choose a loan amount that corresponds to your financial situation.
Stay realistic and choose a loan amount that is affordable without equity to avoid financial difficulties.
Conclusion: finding the right real estate loan for your needs
Finding the right real estate loan in Austria doesn’t have to be complicated. At kredit-fuchs.at, we help you make an informed decision that meets your individual needs and financial possibilities.
Whether you want to renovate your home, convert your flat or upgrade a holiday home, we help you find a suitable loan for your project. Simply send us an e-mail at info@kredit-fuchs.at or use our non-binding inquiry form: