Wohnkredit

What Is Targobank's Wohnkredit?

The Wohnkredit is an instalment loan from Targobank specifically designed for homeowners — for example for renovations, modernisation work, or other property-related investments. It differs from a standard personal loan through more flexible repayment options tailored to property owners' needs.

Interest Rate and APR

Our database records a nominal interest rate from 2.90% p.a. and an APR from 2.95% p.a. for this loan. However, Targobank's current offer page states different, higher figures: the APR ranges from 3.49% to 10.99%, and the nominal rate from 3.43% to 10.47%, depending on individual creditworthiness. Since this is the more current figure, sourced directly from the bank, the rest of this review uses the actually advertised entry rate of 3.49% APR.

Loan Amount and Term

According to Targobank's offer page, the Wohnkredit's net loan amount ranges from €1,500 to €80,000 (our database previously recorded a lower ceiling of €65,000), with a term of 12 to 96 months (previously recorded in our database as 48 to 84 months). The monthly instalment starts at around €179.16 according to the affiliate data on file.

Fees and Early Repayment

According to our database, no separate processing fee applies. Particularly beneficial: special repayments of up to 50% of the current outstanding balance are free of charge per Targobank — a considerably more generous rule than many other providers, who often only allow a fixed annual amount free of charge.

Requirements

Sufficient creditworthiness is required ("Bonität vorausgesetzt"). The Wohnkredit is primarily aimed at homeowners — anyone without their own property is not the target audience for this specific product and should look at Targobank's standard online loan instead. No specific minimum income is stated on the offer page.

Who Is This Loan For?

The Wohnkredit suits property owners who want to finance a renovation, modernisation, or other property-related investment between €1,500 and €80,000, and who want to benefit from the generous free special repayment allowance of up to 50% of the balance.

Pros and Cons

• No processing fee
• Special repayments of up to 50% of the balance free of charge
• High maximum loan amount of up to €80,000
• Specifically tailored to homeowners' needs

• APR can rise to 10.99% depending on creditworthiness
• Designed only for property owners
• No specific minimum income stated on the offer page
• Actual entry rate (3.49%) higher than the figure originally recorded in our database

Verdict

Targobank's Wohnkredit is a solid option for homeowners looking to finance a property-related investment between €1,500 and €80,000 — especially thanks to the generous free special repayment allowance of up to 50% of the balance. The actual APR starts at 3.49% per the current offer page and can rise to 10.99% depending on creditworthiness. It's worth submitting a non-binding request before applying to find out your personal rate.