flo222
2017-11-25 16:24:05
- #1
Hello,
we are currently planning the construction of a single-family house and I currently have a loan offer in front of me which, among other things, includes a TA loan as one component with repayment through an [Altersvorsorge-Bausparer].
This component would be in my wife's name and would amount to a [Bausparsumme/Darlehenssumme] of 25,000 EUR. Since we have three children and my wife is currently not employed, all the Wohnriester allowances for the children would be included with her. What confuses me, however, is the following:
We would receive a TA loan of 25,000 EUR for immediate payout. On the contract (concluded in 2009, back then over a [Bausparsumme] of 10,000 EUR), about 2,200 EUR is currently available. The savings phase indicated in the offer amounts to 6 years and 5 months (until 04/2024). Until then, a monthly savings payment of 50 EUR and an interest payment of 33.33 EUR for the TA loan are due. Due to the Riester allowances, the building savings balance should amount to approximately 12,700 EUR upon allocation. The repayment plan then foresees a repayment by means of a monthly installment of 100 EUR. According to the offer from the building society, the loan would then already be repaid by 05/2030 thanks to the additional Riester allowances. So far so good and also understood by me.
However, I have simultaneously received the obligatory ESIS information sheet along with the offer. Interestingly, I received two ESIS information sheets at once, one for the loan amount of 25,000 EUR and one for another loan amount of approximately 12,250 EUR (for the building savings loan). What confuses me is that according to the bank the entire loan is repaid by 05/2030. The repayment plan in the first ESIS form, however, assumes a repayment only by 10/2033, and that also by a final installment of 25,333 EUR. On top of that, there would be another loan of 12,250 EUR, which would be repaid by a monthly installment of 100 EUR (presumably the repayment from the building savings plan) until 12/2045. And here I lose track.
All these documents ([Bausparangebot] and 2x ESIS information sheets) were in one document, so I assume this was generated systemically. Are ESIS information sheets unable to handle Wohnriester building savings plans? Or should I be very alert here because something might be getting slipped to me?
But actually, it sounds plausible to me: I receive 25,000 EUR now and pay the interest plus the savings installment for the building savings plan until allocation. Upon allocation, the loan is basically fully repaid, and I now have liabilities with the building society which I repay using the agreed installment at the fixed interest rate. However, interest payments for the loan no longer apply because it was redeemed through the building savings sum. So where do these other amounts in the ESIS sheets come from? Has anyone ever faced a similar question? And what is binding in case of doubt? The offer from the building society with the savings and repayment plan or the repayment plans noted in the ESIS information sheets?
Regards Florian
we are currently planning the construction of a single-family house and I currently have a loan offer in front of me which, among other things, includes a TA loan as one component with repayment through an [Altersvorsorge-Bausparer].
This component would be in my wife's name and would amount to a [Bausparsumme/Darlehenssumme] of 25,000 EUR. Since we have three children and my wife is currently not employed, all the Wohnriester allowances for the children would be included with her. What confuses me, however, is the following:
We would receive a TA loan of 25,000 EUR for immediate payout. On the contract (concluded in 2009, back then over a [Bausparsumme] of 10,000 EUR), about 2,200 EUR is currently available. The savings phase indicated in the offer amounts to 6 years and 5 months (until 04/2024). Until then, a monthly savings payment of 50 EUR and an interest payment of 33.33 EUR for the TA loan are due. Due to the Riester allowances, the building savings balance should amount to approximately 12,700 EUR upon allocation. The repayment plan then foresees a repayment by means of a monthly installment of 100 EUR. According to the offer from the building society, the loan would then already be repaid by 05/2030 thanks to the additional Riester allowances. So far so good and also understood by me.
However, I have simultaneously received the obligatory ESIS information sheet along with the offer. Interestingly, I received two ESIS information sheets at once, one for the loan amount of 25,000 EUR and one for another loan amount of approximately 12,250 EUR (for the building savings loan). What confuses me is that according to the bank the entire loan is repaid by 05/2030. The repayment plan in the first ESIS form, however, assumes a repayment only by 10/2033, and that also by a final installment of 25,333 EUR. On top of that, there would be another loan of 12,250 EUR, which would be repaid by a monthly installment of 100 EUR (presumably the repayment from the building savings plan) until 12/2045. And here I lose track.
All these documents ([Bausparangebot] and 2x ESIS information sheets) were in one document, so I assume this was generated systemically. Are ESIS information sheets unable to handle Wohnriester building savings plans? Or should I be very alert here because something might be getting slipped to me?
But actually, it sounds plausible to me: I receive 25,000 EUR now and pay the interest plus the savings installment for the building savings plan until allocation. Upon allocation, the loan is basically fully repaid, and I now have liabilities with the building society which I repay using the agreed installment at the fixed interest rate. However, interest payments for the loan no longer apply because it was redeemed through the building savings sum. So where do these other amounts in the ESIS sheets come from? Has anyone ever faced a similar question? And what is binding in case of doubt? The offer from the building society with the savings and repayment plan or the repayment plans noted in the ESIS information sheets?
Regards Florian