House ready - When to start repayment

Hello, hi and greetings. We moved into our new building on 01.06. The final invoices from large units (house/electrician/plumber) are still missing. Accordingly, we still have a large amount of our loan sitting in the bank. So we are not fully repaying the loan yet, but only for the amount of money used. My question now is, should I already withdraw the remaining amount into my account so that we can start full repayment? It is foreseeable that we will not need additional financing. The final invoice for the house will probably still take some time, as a defect in the exterior joints must be fixed beforehand. We have to pay penalty interest on the undrawn money from 01.09.20. Until then, I will definitely withdraw it. To avoid costs and a longer repayment term, it would be best to repay in full now, right? Or are there other implications?

Are you considering whether to call up now or in 6 weeks? That doesn't really make much of a difference.

You could put it that way. In 6 weeks, I am forced to call up the loan. I just wanted to avoid possible disadvantages if I call it up now. It could be that someone, based on their experience, advises to consider this and that, especially because there are still invoices outstanding.

I remember that we talked about the repayment period when granting the loan. A repayment start delayed by 3 months (15 instead of 12 months from the loan grant) ultimately amounted to a four-digit sum. Hence my question whether it is fundamentally sensible to fully repay now in our current situation without further risks.

Starting to repay earlier is always better.

I don't know your contract details, I would ask the question exactly like that to my bank. Generally, I don't see any disadvantages, there won't be any double burden anymore, since you have already moved.

It could possibly be that the bank does not want to disburse without an invoice. Banks handle this differently.

Starting to repay earlier is always better.

Especially when the house is completed, it is always better to start repayment later. There are still so many things that one actually wants / has to buy (often for the garden etc.). With a term of 30+ years, half a year really does not matter anymore.

Especially when completing the house, it is always better to start repayment later. Because there are still so many things that you actually want / have to buy (often for the garden, etc.). With a term of 30+ years, half a year really doesn’t matter anymore.

We have taken furniture and similar items into account in the costs. Also a certain amount for the garden. Nothing has actually been spent on that yet. But it is foreseeable for us that there will be enough money left to also finance a car. Our bank said back then that we do not have to submit proof of use for the possible surplus.

With your statement, do you mean two ratios or?
Saving money and time on the loan; versus possibly not enough money for finishing work due to "double burden"
Losing money and time on the loan versus finishing work completely closable.