ING Deutschland and Interhyp streamline mortgage decisions

ING Deutschland and Interhyp Group have introduced "Instant-Baufi," a new service for real estate financing. This offering allows for the fully digital processing of financing applications for existing properties (houses) via Interhyp Group's baufi.NOW platform.

Customers will receive a binding response from ING regarding the possibility and conditions of financing within a maximum of 30 minutes. While the process is significantly faster due to digital automation, personal consultation remains integral, with advisors assisting customers and initiating the credit decision.

Instant-Baufi aims to simplify property purchasing by reducing customer effort. In many cases, traditional documents like salary statements or floor plans are no longer required. Instead, essential data is captured digitally and assessed automatically using artificial intelligence. Creditworthiness is evaluated through a digital account review with customer consent, automatically identifying regular income and equity.

Initially, ING and Interhyp estimate that approximately 15-20% of financing applications submitted through Interhyp Group can be processed via Instant-Baufi. The companies aim to increase this proportion over time.

The final approval of the decision still rests with an ING credit specialist, although the majority of the process is automated. The new service provides customers with faster and clearer information on financing possibilities, crucial in the current uncertain interest rate environment.