Comparison of financing options - loan amount 430K

I did not mean to attack you with my statement either, I'm sorry. Ah ok, the banks have always referred to this themselves as blank disbursements, so I hadn't given any thought to the terminology!

Everything is okay, no worries.

The banks are telling you this in a roundabout way that it would be okay for them, which officially they are not allowed to do.

Hello blank withdrawals must also be documented at banks when further tranches are drawn.

Just wanted to make that clear.

No, you don't have to. I did not have to submit a single invoice. In the end, only one employee came for the "final inspection".

No, you don’t have to. I didn’t have to submit a single invoice. In the end, only an employee came for the "final acceptance".

Did you finance with the Sparkasse / Volksbank? What was the renovation volume? The big banks always pay only against invoice submission.

Yes, the local Sparkasse. By the way, it was also well positioned in terms of conditions.