Question 1

What is the cheapest loan in Germany right now (2026)?

Accepted Answer

As of February 2026: The best offers start at 0.68% APR, but this requires excellent credit (SCHUFA score 97-100). For very good credit: 3-5% APR, good credit: 5-7% APR, average: 6.20% APR. Compare multiple banks to find your personal best rate.

Question 2

How can I get the lowest interest rate?

Accepted Answer

6 tips for the lowest rates: 1) Check and optimize your SCHUFA before applying, 2) Choose purpose-specific loans (car loans are cheaper), 3) Select shorter terms, 4) Add a second borrower, 5) Compare multiple offers, 6) Use online lenders (often cheaper than branches).

Question 3

What interest rates are normal in 2026?

Accepted Answer

Current market rates (February 2026): ECB deposit rate is 2.00%, which enables reasonable consumer loan rates. Average personal loan rate: 6.20%. Excellent credit: 0.68-3%, good credit: 3-5%, fair credit: 5-7%, poor credit: 7-10%+.

Question 4

Are very low rates (under 1%) legitimate?

Accepted Answer

Yes, but with conditions: 1) They're only for top creditworthiness, 2) Often for specific purposes or amounts, 3) May require additional products. Red flags: Upfront fees before approval, loans without any credit check, pressure to sign quickly. Always compare the effective APR.

Question 5

Is a car loan cheaper than a personal loan?

Accepted Answer

Usually yes! Car loans (Autokredit) often have 0.5-2% lower rates because the car serves as collateral. Example: Personal loan 6.20% vs. car loan 4.50%. However, the car must be used as security and you may have restrictions on selling it.

Question 6

Does the loan amount affect the interest rate?

Accepted Answer

Yes, indirectly: Small loans (under 3,000€) often have higher rates - the bank's processing effort isn't worth it otherwise. Optimal amounts: 5,000-30,000€ for best rates. Very large loans (50,000€+) may also have higher rates due to increased risk.

Question 7

Should I refinance my existing loan at current rates?

Accepted Answer

Consider refinancing if: Your old loan is 2%+ more expensive than current offers, remaining term is 12+ months, prepayment penalty doesn't eat up savings. Example: 10,000€ remaining, 24 months, old rate 9% vs. new 6% = ~300€ savings.

Question 8

What will interest rates do in 2026?

Accepted Answer

Forecast: The ECB has lowered rates (deposit rate 2.00%), with possible further slight decreases. This means: Consumer loan rates should remain moderate, good time for borrowing or refinancing. But rates can change - if you need a loan, don't wait too long.

Credit Level	Rate Range	SCHUFA Score	10,000€ / 36 mo.
Excellent	0.68% - 3%	97-100	from 282€/mo
Very Good	3% - 5%	90-97	from 291€/mo
Good (Average)	5% - 7%	80-90	from 305€/mo
Fair	7% - 10%	70-80	from 319€/mo

Cheapest Loan 2026From 0.68% APR

Current Rates February 2026

Rates by Credit Score 2026

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Frequently Asked Questions

What is the cheapest loan in Germany right now (2026)?+

How can I get the lowest interest rate?+

What interest rates are normal in 2026?+

Are very low rates (under 1%) legitimate?+

Is a car loan cheaper than a personal loan?+

Does the loan amount affect the interest rate?+

Should I refinance my existing loan at current rates?+

What will interest rates do in 2026?+

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