Early termination of KFW loan contract 153

Hello,

I have a question about the early termination of a KFW 153 loan contract.

The house bank informed me that an early termination of the contract with KFW is possible at any time against a prepayment penalty without giving reasons (however, special repayments are not possible).

But what happens to the grant in that case?

Does that mean that I could theoretically finance €120,000 at 0.75% as a KFW55 loan 153 with an €18,000 grant and then pay it off completely one month later against the calculation of the prepayment penalty interest?

Does that mean that I could theoretically finance €120,000 with 0.75% as a KFW55 loan 153 with an €18,000 grant and then pay it off completely a month later by charging the prepayment penalty interest?

Yes. Of course, the construction project must be completed, the loan disbursed, and the grant credited to the loan account. However, I do not know if there is possibly an additional deadline to be observed.

Hello, I have a question about the premature termination of a KFW 153 loan. The house bank told me that premature termination with the KFW is possible at any time without giving reasons, subject to a prepayment penalty (whereas special repayments are not allowed). But what happens to the subsidy in that case? Does that mean I could theoretically finance €120,000 as a KFW55 loan 153 at 0.75% with an €18,000 subsidy and then pay it off completely one month later by paying the prepayment penalty interest?

I think everyone would do that then. Ask whether you have to repay the subsidy proportionally. I don't think the KFW would want to lose out on that.

A few years ago, this was still quite normal, as the special repayment was still free of charge.

Calculate.

I think everyone would do that then. Ask if you have to pay back the grant proportionally. I don't think the KfW wants to lose money on that

If the early repayment penalty covers the lost interest over the term, it wouldn’t.

In the end, I would pay exactly the same amount of interest and also receive the grant ... basically the same, except that the KfW would get the money back faster.

In my opinion, it is a flaw in the system anyway that only those who have no money and take out a loan are rewarded for energy-efficient construction.