Payments are made for the early repayment of the loan. Answers to the question “How to save interest by special repayment? Answers to the question” How to save interest by special repayment? The interest rate and the interest rate at which the lender prematurely pays the interest. Money, you can not simply repay your mortgage loan ahead of time.
The term “special repayment” refers to repayments of a loan or loan that deviate from the regular repayment and are not paid (usually prematurely) in monthly installments. The special repayment amount can optionally be specified in the loan agreement, but can also be terminated by the principal bank or the borrower upon request.
Especially with larger amounts, such as mortgage lending, the borrower often considers the possibilities to include the special repayment case in the loan agreement. If unexpected or planned more than previously suspected available, could the residual debt at the house bank z?
However, then a so-called prepayment fee is charged by the house bank or the corresponding credit company. The effective interest rate of the loan may also be increased by expressly including the extraordinary repayment as an option in the loan agreement. If you are looking for a loan, you should balance the interest rates with and without unscheduled repayment. It is currently very rewarding as the standard rates for a loan at a branch, direct bank, online bank and other lenders are very low.
You will find out in our credit rating comparison! If you are claiming a loan and already know that repayment may give you an above-average individual amount that will allow you to fully settle the remaining debt by a specific date, then the optional unscheduled repayment may not be a good thing.
Especially if the loan has longer terms and the interest still to pay exceeds the early repayment penalty, the unscheduled repayment is worthwhile. The advantages of special repayment: The disadvantage of special repayment: You use favorable interest rates for mortgages, etc., know about the mont. Repayment announcement and at the same time participate in the additional available capital.
We hope that this guide can help you with some hints and approaches to decision-making for or against the special repayment as an alternative in the loan agreement. Are you looking for cheap banking and credit with cheap interest rates and other great benefits? This is free of charge and offers you the best offers from numerous banks and other well-known lenders.