Building savings contract or annuity loan - final decision!

The offer states the expected allocation date, therefore no guarantee.

The offer states the expected allocation date, therefore no guarantee.

Guarantee and risk are two very different things

Why people? I see only one who hasn't understood that...

Guys, you didn’t understand the product, sorry... You conclude an advance loan at the same time but should make sure that the fixed interest rate is agreed until allocation. So NO risk and of course no interim financing.

I have a fixed interest rate of 1.5% for the first 10 years of the savings phase and a fixed interest rate of 1.95% for the following 10 years of the repayment phase (effective 2.19%).

Where after a total of 19 years and 7 months everything is at €0.00.

It may be that I haven’t fully understood it, but my knowledge is that after the first ten years of the savings phase I have to have reached a kind of minimum score, which varies depending on the number of savers at the building society. Therefore my worry is that something could "go wrong" after the first 10 years.

You get the money from the bank immediately and not only after the 10 years of the accumulation phase. You will have received an overall financing concept for your [Bausparvertrag], right? Take a look at it to see how the advance loan is regulated there.

Why people? I only see one who didn’t understand that...

1+1 = 2