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Wüstenrot Bausparkasse vs Hannover PSD

I am in the process of buying an investment property in Frankfurt and have received two loan offers:

  1. PSD Hannover – 5.04% interest rate

  2. Wüstenrot Bausparkasse – A combination of KfW and Bauspar loan with an effective rate of 3.5%

Since we are on a Blue Card, the interest rates are higher, and many banks are not offering us loans.

My main concern is Wüstenrot Bank. I checked Trustpilot, and 54% of the reviews are 1-star, which is quite alarming.

Is it really that bad? Has anyone here dealt with Wüstenrot Bank for real estate financing?

If you had to choose between PSD Bank Hannover and Wüstenrot, which one would you go for and why?

Any insights or experiences would be greatly appreciated!

submitted by /u/BULLETDESAI
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source https://www.reddit.com/r/RealEstate/comments/1iqpm8h/wüstenrot_bausparkasse_vs_hannover_psd/
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