Financing has been agreed, but the purchase price falls due later than initially expected. As long as the loan has not yet been fully drawn down, additional costs may become relevant depending on the agreement. Examine this period separately, rather than only considering the later monthly instalment.
Start with the contract and the due date
Our editorial recommendation: place the loan agreement and the confirmed information on the purchase price payment side by side. Note the conditions for disbursement and drawdown as well as the intended payment date. An anticipated completion or a desired date is not automatically a due claim for the purchase price.
The Sparkassen provider information explains provision interest (Bereitstellungszinsen) as possible costs for a loan not yet drawn down after a specified period. [BEREIT] You must read exactly which provision your contract contains. This article does not state any general current market rate and does not state a period without interest that is the same for all institutions.
Understand the amount not yet drawn down
Ask the bank which sum would be calculated from which date and by which method. Also clarify how partial drawdowns affect matters and which documents are required for them. Use the bank’s answer for the actual contract, not the terms of another household you know.
In your overview, the drawn-down amount and the amount not yet drawn down should be shown separately. Ongoing loan interest, possible repayment and provision costs are distinct items. A low later instalment therefore does not automatically reveal what the burden during a delay will be.
An explicitly invented example calculation
Assume that on €100.000 of undrawn funds in the example, after expiry of the agreed free period a rate of 0,1 per cent per month would be applied. With an unchanged assessment base this would be €100 per month and €400 for four months. This is pure example arithmetic, not a real bank offer and not an asserted market value. Different timing and calculation methods can lead to other results.
Please request a comprehensible bank-side calculation for your case. A self-made spreadsheet model helps with understanding, but should not silently replace the unknown contractual method.
Example: The purchase price must not yet be paid
A buyer learns of a delay before the confirmed due date. She does not pre-emptively pay the purchase price merely to avoid a potential loan cost item. Instead she coordinates the actual state of the transaction with the notary and the effects on financing with the bank. Any conceivable change is only planned as secured after a suitable agreement.
Compare the interim period before committing
If you are comparing several financing offers, the expected drawdown profile should be the same for each. A longer free provision period can be relevant, but must be assessed together with the other terms. This article does not adjudicate any specific compensation or damages question. It makes visible a commonly overlooked part of one’s own payment planning before a later drawdown becomes an unpleasant surprise.