Addendum to the loan agreement

Hey everyone,

we are currently dealing with the following problem:

We are about to sign a loan agreement. Unfortunately, the contract everywhere states a fixed interest rate period of 15 years, although 30 years was agreed upon. Accordingly, all data in the contract refer to a period of 15 years.

The bank refuses to print the contract again and send it with the 30 years due to technical reasons. Therefore, they have sent a signed amendment to the contract.

However, this is only a sheet with the interest rate, the loan amount, and the loan contract number. The following is written:


The borrower(s) and the ...-Bank have concluded a loan agreement for the loan account(s) named below. The borrower(s) wish the changes listed below, which hereby become binding.

The fixed interest period is 30 years, i.e. until 02/28/2053.

All other conditions of the loan agreement and any amendments to the loan agreement that are not regulated differently here remain unchanged.



Should I accept the amendment like this and then be legally on the safe side? The fixed interest period is, of course, a decisive factor.

Alternatively, they suggest that I send the contract back, they change it handwritten and send it to me. This, of course, delays the process.

Thank you very much for your advice

Why not, if the letter refers to the contract (so it can be clearly assigned), I see no problem with that

Additions or changes are not prohibited

Why not, if the letter refers to the contract (so it can be clearly assigned) I see no problem there

Additions or changes are not prohibited

Is that sufficient as security? Otherwise, nothing else is changed in the contract and on the ESIS sheet.

I had a similar case. While the application was being processed, the L-Bank increased the interest rates for subsidized loans, but I still get the old rate. The new interest rates are noted everywhere in the contract, but under Miscellaneous, the correct old rate is stated. I then had this confirmed by email, and that’s fine.

Sure, that will work, it is a bank and not the loan shark on the corner

Regarding my problem: I have decided to accept the supplement to the loan agreement. I have also described everything in an email, attached the file of the additional agreement, and had it confirmed by email that a fixed interest rate period of 30 years is now agreed upon for our contract.

I hope that this puts me on the safe side and that I have secured the 30-year fixed interest rate. Despite inquiries, the bank was unable to arrange it differently and would currently only accept a new request with a worse interest rate.