Home Mortgage Loan The lowest interest rate

The lowest interest rate


2% or 3% or 4%?

“The bank has offered me an interest rate of 3.20%. Is that a good interest rate?”

Whether this is a good interest rate for you depends on precisely 264 factors such as your own resources, your salary, the duration of your loan, etc. The lowest interest rate we currently offer at hypotheek.winkel is 2.95%. A significant difference from that 3.20%, but whether this is the best loan for you is questionable.

So, do not get fixated on that shiny interest rate. There are many other things to consider, such as fire insurance, mortgage life insurance, bank fees, etc.

Representative Example

You pay 240 monthly installments of 1,105.24 euros for a home loan with a property value of 170,000 euros, fully secured by a mortgage registration and a term of 240 months. The fixed debit interest rate is 4.93%, while the annual percentage rate (APR) is 5.27%. In addition to the monthly installments, you also pay a processing fee of 500 euros and notary fees of 4,081.50 euros. The total amount to be repaid is 269,838.70 euros.

What to Watch Out For

“Take this loan and you’ll get a shiny new, flashy fire insurance included!”

While it may sound tempting to also sign up for a bunch of insurances at once, deals like this are often not the cheapest option.

Compare, Compare, Compare

And read all the fine print. For instance, do you know that you will have to pay a hefty penalty if you want to get rid of that overly expensive fire insurance included in your loan package during the first few years of your loan term?

Don’t want to be caught off guard?

Make sure to thoroughly review and understand all the terms and conditions before committing to any loan package. This will help you avoid unexpected surprises and additional costs down the line.