13 interest installments amounting to 990 EUR until the start of repayment?

I also financed through Sparda Bank and it said exactly the same in our contract. After a phone call with Sparda, however, it was clarified. Interest is only paid on the money already drawn.

But wasn't that then changed in the contract? I'm a bit skeptical when it comes to verbal agreements over the phone.

Just put the passages from the contract in here. It must be a standard contract from DG Verlag, right? - You always only pay interest on the amount already paid out. That is the nominal interest rate - In addition, you pay commitment interest, which has nothing to do with the nominal interest rate, on the amount not drawn

Yes, at least at the bottom left it says DG nexolution. I inserted the passage 1:1 in the original post. There is another passage where the commitment interest is regulated:

Commitment interest of 0.250000% per month on the amount not paid out from 30.11.2025 until full payment, due together with the interest.

Then that should also be correct. What just makes me suspicious is that it speaks of 13 nominal interest installments of 990 euros each. If it only said "Until the start of repayment, only the nominal interest is to be paid," I would see that much more relaxed. Probably only someone from Sparda directly can take away my worry.

Nothing was changed in the contract. I can only say that at least with us it is now handled this way. Otherwise, just call Sparda directly; they are usually very helpful once you get through.

What conditions did you get at Sparda if I may ask?

Then that should be fine. What just makes me suspicious is that it talks about 13 interest installments of 990 euros each. If it only said "Until the start of repayment, only the interest is to be paid," I would see that much more relaxed. Probably only someone from Sparda directly can take away my concern.

Yes, but nothing changes in the contract. Almost 700 banks use it with the formulations stated there. You can believe me. I work in the field.

What conditions did you get from Sparda, if I may ask?

We received an interest rate of 2.7%. Are you also in talks with Sparda?

We have received an interest rate of 2.7%. Are you also in talks with Sparda?

Signed in December, 2.65%