Normally there is always a surcharge for a forward loan. There are banks that waive the interest surcharge in the first few months of the lead time, but mostly only for short-term offers.
A forward loan without a premium is therefore rarely found on the market
The amount of the premium depends on how long in advance you take out the forward loan. The following applies: the longer, the higher. For a forward loan with a short lead time of 12 months, a lower premium is payable than for one with a 36 or 50 month lead time. On average, the premium is 0.02 percentage points per month, but this of course also depends on the bank and its offer.
You can use this formula to calculate your forward loan premium:
Interest surcharge per month x number of lead times in months + reserved interest rate.
Suppose you take out a forward loan today, which is due to start in three years, and secure an interest rate of 1.8 percent per year. The lead time is consequently 36 months. For this, an interest premium of say 0.02 percent per month is due. The calculation is accordingly:
0.02 percent x 36 months + 1.8 percent = 2.52 percent pa
You receive the offered forward loan for 2.52 percent per year, and this interest rate then applies to the entire fixed interest rate that you have chosen for the forward loan. If, for example, you have fixed the rate fixation to ten years, then you pay 2.52 percent per year on the loan amount for ten years from the start of the forward loan. However, the interest premium is the only item that arises: Otherwise, the forward loan does not incur any additional costs – for example, there are no further commitment or transaction fees.
By the way, finding the right forward loan with a good interest rate offer is not difficult at all. With our practical forward loan calculator you can calculate in advance what interest you can expect. And our on-site consultants know the supply situation exactly and will help you to find suitable forward loans with suitable conditions. Simply contact us and arrange a free, non-binding consultation appointment!