This loan is used to finance the construction phase of a new building or conversion.
You forward the incurred construction invoices to your customer relationship manager, enabling the payments to be settled from the construction account. The construction loan constitutes a current account loan only once the contributed own capital has been used up. Once the construction work has been completed, the loan is converted into the desired mortgage model (consolidation). Depending on the progress, it is generally possible to switch part of the building loan into mortgages (partial consolidation).