Is primary school enrollment normal?

For my renovation work, I ultimately need a loan of 60,000€ from the bank. The interest rate is 1.3% and is fixed for 10 years. The special repayment amount per year is 6,000€. Monthly payments are, at my request, 400€ including interest payment. The total term of the loan is then 14 years and 1 month. The bank wants a land charge registration on the apartment of 60,000€. I find that very high and I am surprised that the land charge should be that high. The bank says that because of the low interest rate, no other option exists. What do you think, should I look for another bank?

I thought the land charges always correspond to the loan amount...

Does this apply to every amount?

It is solely a question of the interest rate (and thus the risk).

How high is the bank’s risk on the first day after full disbursement? Then you have answered the question yourself.

Presumably, you would get this amount from many banks even without a [Grundschuld]. However, the interest rate would then probably be between 5 and 6%.

I really have no idea except my experience - it was the same both times, whether at 330 K€ or 63 K€.

As mentioned above, many banks offer modernization loans up to certain amounts that often run without a mortgage registration. Due to the higher risk, the interest rate is higher.

:)