Consumer Loan

If you wish to borrow an amount between €5,000 and €75,000, a consumer loan might be a solution. You won't need a mortgage registration in the land register. You'll agree on a fixed term and a fixed rate. Terms of up to 10 years are usually possible. Some banks also offer the option of making special repayments.

Of particular interest is the fact that with a consumer loan, you are allowed to cancel early. In this case, most banks charge a fee of 1% on the outstanding amount. So if you still have €10,000 outstanding and wish to repay it in one lump sum, the fee is €100.