Consumer credit for land purchase?

Just take the 100k? Whether you bring in the equity today or in 3 years really doesn't make much difference. But prices are rising. Are you sure you want to build only in 3 or 4 years?

A consumer lender does not get entered in the land register. That is probably the reason why lenders exclude that. I wouldn't risk it.

Apart from that, it doesn't matter whether that makes sense or not. Whoever gives a loan can also determine what it can be used for and what not.

A consumer lender does not get entered into the land register.

But that’s exactly the point why you take a consumer loan for such amounts. 50k is actually too small for a proper mortgage loan. Too much effort for the banks, you need an entry in the land register, an appraisal... the fixed costs are relatively high, but the interest paid is not as much. That’s why it’s more common for smaller renovations or purchases. If the bank wants to sell it to you that way, they should remove the clause.

In the end, he can do whatever he wants. But I am not seriously advising here to violate the terms and conditions of a private loan? Sometimes I believe you are not aware of your responsibility. This is not a game, people sometimes rely on your... more or less clever... advice.

A consumer loan is initially non-purpose-bound. For that, it is expensive. You can do whatever you want with the cash. It is therefore understandable that this type of loan explicitly excludes real estate. The presentation regarding the land register is also completely contradictory and simply wrong. An entry in the land register provides security for the bank, as a real asset is pledged (in contrast to the consumer loan).

You can do whatever you want with the cash. That there is an exclusion for real estate specifically for this type of loan is understandably surprising.

That seems to be rather standard (for whatever reason?!). In any case, it has been exactly the same with all(!) my loans so far. PS: Before there is a lot of speculation about why I had so many consumer loans... Almost all of them were investment loans, meaning the investment return was higher than the loan interest rate, plus 2x for a car.

That seems to be rather standard (for whatever reason?!). In any case, it has been stated exactly like that in all(!) my loans so far.

Exactly. Because loans are regulated in the Building Code. However, I am not exactly familiar with that. But that is why there are consumer loans and real estate loans.