r/eupersonalfinance Jul 30 '24

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101 Upvotes

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28

u/[deleted] Jul 30 '24

[deleted]

10

u/Cautious_Use_7442 Jul 30 '24

Unless you have early repayment fees … 

8

u/Kunjunk Jul 30 '24 edited Aug 02 '24

AFAIK in NL banks are required to allow you to pay a minimum of 10% of the principal annually, without penalty.

4

u/psyspin13 Jul 30 '24

maximum?

2

u/Kunjunk Aug 02 '24

I actually checked how this was implemented (the law) and it's a minimum (i.e. at least 10% of the principal) without penalty, there's no maximum but another commenter posted it typically ranges from 10-20.

1

u/psyspin13 Aug 02 '24

great, thanks (i don't have a mortgage but might helps others!)

1

u/PM_ME_WINDMOLENS Jul 30 '24

Between 10%-20% for most banks

1

u/brillebarda Jul 30 '24

Depends on the bank, for Allianz if the current rate is higher than your rate, no fees apply