Construction financing with ETW as security for the loan

1. Building society savings contract Nominal interest rate: 1.39% Repayment: ??? Rate: approx. €750 Term: 2052 Trend – At the moment it would be point 1 – if I understood correctly – planning security for 32 years and the option of special repayments. Where is the catch here?

That it is almost certainly a bullet loan in combination with an expensive building society savings contract that yields no interest (0.01%), moreover without built-in repayment during the savings phase. That means, if you do not make special repayments yourself in a disciplined manner, you will not reduce any debt during the entire time! Whether the saver can then pay off the debt at maturity would have to be calculated. Have them give you a savings and repayment plan (or installment payment plan, since nothing is regularly repaid).

Question regarding this - Would we pay €750 every month until the end of the term and be done in 32 years, or would there still be remaining debt?

Ever held a calculator in your hand? It takes seven seconds to answer the question with no.

P.S. How much is the loan?

If my assumptions above are correct (bullet loan with building savings contract), then you have roughly estimated based on a loan amount of 350,000 EUR, assuming that no special repayments and no special payments are made on the building savings contract, you would have about 130,000 EUR outstanding debt + building savings fees after the term. I wouldn't find that good.

That it is almost certainly a bullet loan combined with an expensive building savings contract, which yields no interest (0.01%), moreover without built-in repayment during the savings phase. That means if you don’t repay disciplinarily on your own, you won’t reduce any debt during the entire time!
Whether the saver can then pay off the debt upon payout would have to be calculated. Have them give you a savings and repayment plan (or installment payment plan, since nothing is regularly repaid).

Ever held a calculator in your hand? It takes seven seconds to answer that question with no.

P.S. How large is the loan?

If my assumptions above are correct (bullet loan with building saver) then roughly based on a loan amount of 350,000 EUR, assuming no special repayments and no extra payments to the building saver, you would have about 130,000 EUR remaining debt + building saver fees after the term.
I wouldn’t find that good.

I hope this is the savings & repayment plan. We hope this helps, thank you very much for the support.

That is your total duration until 2052 - with the different performance rates (up to €1,150 per month).

That is your total duration until 2052 - with the different benefit rates (up to €1,150 per month).

Yes, that's true, hmm.... of course, that doesn't please.