Discount and duration for payment of installments

Exactly. They should pay the invoice directly. They love that. They are control freaks and naturally anxious, suspicious, have to have everything under control. That's why mine think it's really good to pay the invoice directly. They also do it quickly. Submitted yesterday, paid today. Karsten

So far, we have had a payout of €50,000 transferred to our checking account in order to pay invoices. Only a maximum of 7 payouts from the loans are possible. However, I do not know how it will be handled if there should be more. I will continue to have the money transferred to our checking account. I am more of the control freak.....

So far, we have had a payment of 50,000€ made to our checking account in order to pay invoices. There are only a maximum of 7 withdrawals possible from the loans. However, I don’t know how it is handled if there should be more. But I will continue to have the money paid into our checking account. I’m more of the control freak.....

Well, your bank is brave.... 50k. Some people might get a stupid idea and buy a car or something else.

Well, your bank is quite daring.... 50k. Some people might get a silly idea and buy a car or something else

The amount has already been plausibly explained. A part would already be paid by us, and there was already an invoice from others. I'm curious whether it will work just as well with the next even larger payout. Then I will submit the work contract with the installment payments.

For me, it is not at all understandable how such a question about securing financing can arise, not at all. These are crucial questions that I clarify in advance with the respective bank when applying for financing.

Above all, why to the checking account? And just asking, which bank transfers 50,000 euros for services from the construction contract blindly to the checking account? I simply cannot believe that, which bank takes this risk? Around 10,000 euros - 15,000 euros to the account when own contributions are planned at the time of application to buy materials, okay, but definitely not 50,000 euros! Which bank does something like that???

Invoice issuance, send it to the bank and then have it transferred by the bank. A certain amount for material purchase for own contribution to the account, provided everyone proves the use and then possibly requests a new tranche, but certainly no craftsman or trade invoices from the work contract to the account! I transfer smaller craft invoices from the tranche myself and the larger ones from 1,000 euros by the bank.

By the way, the fact that money is needed from the loan does not necessarily indicate whether equity capital was available or not, because this must be used first.

Has it already been paid by us?? Do you have any additional equity capital besides that which was considered in the financing concept?

Above all, why to the checking account? And just asking, which bank blindly transfers 50,000 euros for services from the construction contract to the checking account? I just can't believe that, which bank takes that risk? Around 10,000 euros - 15,000 euros to the account when personal contribution is planned at the time of application to buy the materials, okay, but definitely not 50,000 euros! Which bank does something like that???

I think it simply depends on the financing situation here. In our case, the large cooperative bank with the blue lettering does that.

We have over 50% equity and can therefore roughly pay for the land, shell construction, roof, and windows out of our own pocket. We do that from my checking account (at the same bank) or from the construction account. Only after using up the equity do we draw the loans. The bank thus has insight that I am paying the corresponding invoices for the new building out of my own pocket and therefore at the first drawdown of a partial loan there is so much equity invested that the bank actually has little or no risk. Thus, they transfer six-figure sums to me without proof.