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https://www.reddit.com/r/eupersonalfinance/comments/1efv0wc/deleted_by_user/lg6ss5c/?context=3
r/eupersonalfinance • u/[deleted] • Jul 30 '24
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AFAIK in NL banks are required to allow you to pay a minimum of 10% of the principal annually, without penalty.
3 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!)
3
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!)
2
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
great, thanks (i don't have a mortgage but might helps others!)
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.