Compensation for early repayment

In the case of mortgage loans or credit (whether fixed or variable interest) arranged later than 9 December 2007 and granted to small businesses (when classed as such for corporate tax income purposes) or individuals, in the case of loans secured by a home, lenders may only charge a fee to compensate them for early partial repayment if stated in the agreement.

For total or partial subrogated and non-subrogated cancellations, provided it is stated in the agreement, the amount charged by the bank in compensation for repayment cannot exceed:

  • 0.5% of the overpaid capital when early repayment occurs within the first five years of the loan or credit term.
  • 0.25% of the overpaid capital when early repayment occurs after the first five years of the loan or credit term.

However, the compensation may in no case exceed that stated in the agreement.

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