Special Repayment Options

You pay your monthly installment and there is a certain repayment part included. If you have saved additional money, you may be able to pay it in as well and become debt-free faster. It depends on the agreement in your loan contract. Some banks offer 5 or 10% in special repayments, some none at all. The amount of possible special repayment is always calculated based on the original loan amount.

Example: €100,000 loan, 5% annual special repayment option = €5,000 possible once a year.

In some contracts, there is a minimum limit of, e.g., €1,000 for a special repayment to keep processing effort manageable. Normally, the special repayment is possible once a year. Some banks also specify the timing.