Disadvantages and risks of building savings contracts

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However, building society contracts are not without disadvantages. The closing fees are often high and flexibility is limited. You will only receive the building society loan if you have saved enough capital. You are also dependent on the financial situation of the building society.

Comparative calculations show that a normal bank loan is often cheaper than the combination of a building society contract and a building society loan. Despite low building society interest rates, additional costs arise from the parallel repayment.

Advantages Disadvantages
Planning security through fixed loan interest rates bolivia mobile database High closing fees
State subsidies available Low flexibility
favorable loan interest rate Additional costs due to parallel repayment
At least 10% of the purchase price of a property as well as the additional purchase costs should be able to be paid with your own financial resources.

Whether a building savings contract makes sense depends on your individual situation. As a rule of thumb, you should be able to cover at least 10% of the property purchase price and the additional costs with your own funds - 20% or more is better.