When will I receive the money from the loan agreement?

Best to clarify with the bank.

I have always received from the bank what I needed, no matter what was in the fine print. I used equity capital beforehand. Equity capital was not mentioned in our contract.

As a rule, I submitted the last invoices and requested amount X on date Y in my account.

Before the end of the interest-free period, I had everything paid out - the construction progress justified this, however.

If you build with [GU] and have only a few large invoices, the bank typically pays the [GU] directly.

Be careful when equity has been specified, the bank may insist that it is used first.

Hello tomtom79. Does all the specified equity have to be used or can a part of it be "delayed" in its use. We want to redeem a [Bausparer] and do not want to give 1% to the bank just so that it takes 1 month instead of 3 months.

Hello tomtom79. Does all the declared equity capital have to be used immediately, or can a part of it be "delayed"? We are cashing out a building savings contract and don’t want to give the bank 1% just so that it takes 1 month instead of 3 months.

As has already been said here several times, it all depends. It doesn’t necessarily have to be that you use the equity capital at the beginning... but it CAN be. So you should clarify this!

Be careful, if equity has been specified, the bank may insist that it is used first.

Unfortunately, it is not that simple in general. It is exactly as agreed with the bank.

Do you know the word can? It is above.