I got loan approval from both KBC and EBS. First time buyer / 80% LTV. I plan to choose variable rate options.
After the 0.2% discount for having a KBC current account, the KBC discounted rate of 3.3% is lower than EBS rate of 3.5%.
I showed my 'loan approval in principle' letter to EBS. EBS now say that if I were to proceed with their offer, then there is a strong possibility that they are able to adjust their rate so that it is matches KBC's discounted rate of 3.3%.
In addition, KBC can offer 50% off home insurance for the 1st year. EBC can offer 4 months free home insurance. (however pricing with each institution will vary depending on whom is underwriting each policy).
Based on the above information, both loan offers seem quite close. Would anyone have advice or comments please for which of these 2 banks would be best to draw down the loan?
After the 0.2% discount for having a KBC current account, the KBC discounted rate of 3.3% is lower than EBS rate of 3.5%.
I showed my 'loan approval in principle' letter to EBS. EBS now say that if I were to proceed with their offer, then there is a strong possibility that they are able to adjust their rate so that it is matches KBC's discounted rate of 3.3%.
In addition, KBC can offer 50% off home insurance for the 1st year. EBC can offer 4 months free home insurance. (however pricing with each institution will vary depending on whom is underwriting each policy).
Based on the above information, both loan offers seem quite close. Would anyone have advice or comments please for which of these 2 banks would be best to draw down the loan?