Yes, it is fundamentally possible and even advisable to combine several loans with different terms, because this saves a lot. However, it depends on which loans are involved and what notice periods they have.

But the question is, what kind of loans are these and what type of loan do you want to use to summarize them? We want to examine the question for different starting scenarios.

You have several construction loans with different terms and want to combine them

You have several construction loans with different terms and want to combine them

The question is always: What are the fixed interest rates on these construction loans and how long have they been running? If the borrowing rate is less than ten years, you basically have no chance to redeem the loan early, except for a house sale. However, if the fixed interest rate runs for more than ten years, you can terminate at any time with a period of six months.

Then it is only a matter of coordinating the termination of the affected construction loans precisely with one another. Assume that loan A only runs for 9 years and 3 months, but loan B already runs for 10 years and 4 months. Now wait until loan A has exceeded the 10-year limit and then cancel both loans at the same time. So you have the same change date. You can then start a new construction loan and intercept both sums with this financing.

You have several, private installment loans and would like to combine them into a construction loan

You have several, private installment loans and would like to combine them into a construction loan

This is also feasible, but only if your property is already largely unencumbered. If you are just buying the property new, then you cannot simply replace the car loan or the furniture loan and also co-finance through the construction finance. This would mean that you would exceed the mortgage lending value of the property, and banks usually do not participate.

However, if you already own an unencumbered property or an unencumbered property, the situation is different. Because then you can lend a house or land with a new real estate loan and thus replace more expensive installment loans. But here, too, it depends on how long you have tied up the corresponding loans. To do this, take a look at the financing terms that the banks once gave you and find out what the remaining terms are. In some cases, banks also allow the unscheduled repayment of installment loans. But that should then apply to all loans that you want to summarize.

The following applies to both variants: timing matters. The best way to get help here is to have our on-site consultants examine your documents and show you exactly what options are available to you.