KfW loan is not needed in full amount

  • Erstellt am 2023-07-21 08:41:32

Kimi190

2023-07-21 08:41:32
  • #1
Hello everyone,
I have a quick question without having to call the bank directly.

I have applied for a KfW loan 159 of 25,000 euros for the installation of interior doors/ removal of thresholds and the barrier-free renovation of the bathroom and have already been approved. Suppose the measures cost only 23,000 euros instead of the planned 25,000 euros, what happens to the difference? Do I then have it at my disposal or what happens to it?
 

KarstenausNRW

2023-07-21 10:09:19
  • #2
That is stated in your KfW conditions. It would be nice to be able to use the money for other purposes. Then I apply for €50,000 and unfortunately only need €25,000, so I have to invest the rest in the new pool system ;-) Whether a free partial waiver or a non-acceptance compensation has to be paid, I cannot say for this program. In any case, you do not get the money for other purposes or for your own enjoyment.
 

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