110% financing in one or two loans?

You have a building savings contract that is fully paid off but you are taking out a loan? Last year there are no prepayment penalties anymore.

It still wouldn’t have been enough. And it is currently running – or was running even longer when it was about the modalities. In addition, there is a bonus upon payout if ..... I’ll spare you the details. In any case, it makes more sense this way.

Final result

I just wanted to post an update or the "final result" because I often miss that in other threads where many people have participated.
:

Thank you

€26,000 incidental purchase costs -> financed with consumer loan
Interest rate 2.99%, €300 instalment, term 8 years
Special repayments possible at any time

The €300 instalment makes me nauseous. So much every month for nothing at all...

Next year, a home savings contract matures, we want to use the earnings of about €15,000 mostly for special repayments of the consumer loan to significantly shorten its term.

...fortunately!

The main thing is that you are happy with this financing and can start the renovation. Congratulations

The 300€ installment makes me feel sick. So every month this high amount for nothing...

High is relative and it is not for nothing. You are paying the incidental purchase costs with it ... Otherwise, you would first have to save up that amount.

And that is actually the problem, they are over 30 and haven't managed to save for the incidental purchase costs and have now tied themselves to an extra 300 euros on top of the mortgage for the house.

These 15,000 euros are not really an achievement, the [vwl] x2 should cover that plus a few euros.

But to really assess this properly, more information is still missing.

The 300€ installment makes me feel sick. Just for nothing and again nothing every month this high amount...

Completely fine. Either you save beforehand or "like this". At least it makes the main interest cheaper.

Besides, (if you consider the 8 years) these are a maximum of 3200€ costs.

Completely fine. Either you save beforehand or "like this". At least it makes the main interest cheaper.

Besides, that's at most €3200 in costs (if you consider the 8 years).

And what did I write?

The main thing is that you are happy with this financing and can start the renovation. Congratulations

That wouldn't suit me! Even if it suits others.