Installment Loan

If you want to take out an amount between €5,000 and €75,000, an installment loan might be a solution. You won't need a mortgage entry in the land register. You agree to a fixed term and a fixed rate. Usually, up to 10 years are possible. Some banks also offer you the option to make special repayments.

What's particularly interesting is that with a consumer loan, you can terminate early. In this case, most banks charge a fee of 1% on the outstanding amount. So if you still owe €10,000 and want to repay it in one amount, that's a €100 fee.