Ok thanks, that’s exactly what I wanted to hear. I was a bit confused for a moment. I thought I had to pay the full interest from the contract signing even though nothing had been drawn yet :0 So after the partial payments were paid out, the nominal interest applies to that, and after 12 months, for say the remaining 30, 35% that haven’t been drawn yet, a higher interest rate of 2%, correct? I was briefly worried... with my assumption, we would have been facing charges well over 3,000 euros for months (including our rent costs)
Correct, that’s called construction period interest. Everyone has a double burden.