Early repayment simulator
Calculate the savings from repaying part of your mortgage ahead of schedule. The tool calculates legal early repayment fees (IRA), net gain and helps you choose between duration or monthly payment reduction.
Frequently asked questions
What is mortgage early repayment?▾
Early repayment means paying back all or part of your loan before the scheduled term. You can choose to reduce the remaining duration or lower your monthly payments.
What is the IRA (Early Repayment Fee)?▾
The IRA is a penalty the bank may charge. By law, it is capped at the minimum of: 3% of the early-repaid capital, or 6 months of interest at the loan rate.
Is it better to reduce duration or monthly payment?▾
Reducing duration is generally more financially beneficial. Reducing the monthly payment improves your monthly cash flow.
When is early repayment profitable?▾
Early repayment is profitable when interest savings exceed the IRA amount.
Can you repay early without penalties?▾
Some contracts waive early repayment fees in case of property sale due to professional relocation, co-borrower death or job loss.