Early partial repayment
If previously agreed, you can repay part of the capital borrowed during the life of the loan before maturity
Once you start to repay the loan, you can make early partial repayments of
the outstanding debt. Changes to the amount of capital borrowed modify the
initial terms and conditions and the bank may charge fees for the procedures it
must undertake and to compensate for the amount of interest it will no longer
earn on the capital which has been repaid early, if so stipulated in the contract.
Depending on the agreement, an early partial repayment would mean:
- Lower monthly payments.
- A shorter mortgage term.
FREQUENTLY ASKED QUESTIONS
Rounding a mortgage interest rateRead answerabout
Rounding a mortgage interest rate
Can my bank service other debts with the money deposited to pay my mortgage instalment?Read answerabout
Can my bank service other debts with the money deposited to pay my mortgage instalment?