KfW153 loan immediate repayment - prepayment penalty?

One more question, according to KFW conditions, the loan amount must be used for the construction or the property. Do I therefore have to draw down the loan amount *before* I have paid the corresponding invoices? Or can I first pay the invoices myself and then draw down the loan amount afterwards? How is this specifically regulated? Drawing down earlier costs more interest, I would prefer to make more use of the interest-free and repayment-free period. But costs are currently incurred.

The KfW loan cannot be paid out. It must be paid directly to the invoice issuers.

Hello everyone, the online calculators are not accurate enough. A VfE also depends on the reinvestment opportunities on the respective day. In addition, the minimum term of a loan variant has nothing to do with what is being calculated. Example: if you have chosen the 10/2/10 variant, the loan has a 10-year term. It can only be paid off early with VfE before that, and then the entire refinancing loss is determined – for the entire remaining term. Your financial institution can calculate this for you, and the KfW has a portal for banks where you can calculate the VfE.

One more question, according to KfW conditions the loan amount must be used for the construction or the property. Do I have to draw the loan amount *before* I have paid the corresponding invoices? Or can I pay the invoices myself first and then draw the loan amount afterwards? How is this regulated specifically? Drawing earlier costs more interest, I would rather use the interest-free and repayment-free period a bit more. But costs are incurred right now.

If I’m not completely wrong, the 153 has to be drawn pro rata to the other loans. If you have multiple loans – which is the normal case – you cannot draw one first and then the next. The draws are not made by you, but by your financing partner! At the end of the financing you must submit invoices and appraisals, since the 153 is tied to conditions.

You cannot draw down one loan first and then the next when you have multiple loans - and that is usually the case.

Well, in my case, the special situation is that I only have the KfW loan and want to draw it down as late as possible to save interest. Therefore, I would prefer to advance the invoices from equity capital and only then have the loan paid out retrospectively.

Well, in my case, the special situation is that I only have the KfW loan and want to draw it as late as possible to save on interest. Therefore, I would prefer to advance the invoices from equity and only have the loan disbursed afterwards.

If you already have the loan approval, you can initially pay the invoice yourself and only draw the loan when you need the money. After 12 months, the commitment fee is added. With 1.8%, it usually is no longer profitable.
The KfW wants to have the appropriate documents from the energy consultant some time after the construction is completed.