Repayment or Repayment + Home Savings Plan

How quickly can/want you to repay?

Repaying is almost always the better option.

But this fumbling around in the fog is ridiculous.

With a net income of 9000, a 55k educational loan is a joke.

That would be like not getting a mortgage with a monthly income of 3000 because of a new car loan of 18k.

Something else is wrong with the story, sorry.

No bank in the world normally rejects a mortgage at that income level.

How quickly can/want you to repay?

Repaying is almost always the better option.

But this fumbling around in the fog is just ridiculous.

With a net income of 9000, a 55k education loan is a joke.

That would be like not getting a home loan with a monthly income of 3000 because of a new car loan of 18k.

Something else about the story is wrong, sorry.

No bank in the world usually rejects a home loan with that income.

That is true, what toxicmolotov writes. With that income, the education loan is almost considered non-existent by the bank. Where is the real catch with you?

The only thing still outstanding is a loan of 15K€ with Audi Bank, which is running more or less on the side. There are no further strings attached. I think we will pay off a little over 2000€/month so that it will be settled quickly. We will have a consultation with an independent person on Monday and see what comes of it.

(55,000 + a few interests) / 2,000 = 30 months, that is 2.5 years... for what exactly again a building savings contract, whose saving phase at best lasts 5, rather 7 or 10 years...? It just doesn't add up at all. Leave it be.

I simply don't understand it, but I also have no desire to go further into it. And I don't understand the bank for the life of me either. Either you still have to bring out a bag of skeletons from the basement or wwi.

Sorry, but as already pointed out here, there must be something else: We received a full financing (300,000€) from our main bank (Sparkasse) with a total income of 3800€ and monthly expenses of 2400€ despite a 15,000€ Ausbildungsdarlehen. And we had 0 equity.