Early repayment of your mortgage before its maturity date is possible at any time.
Early repayment may concern the total outstanding amount or only a part of it.

The impact of early repayment depends on the type of borrowing rate applied to the mortgage:

- Variable rate:
A variable rate mortgage allows you to make early partial repayments or to repay the outstanding capital without additional costs. This means that you can either shorten the lending term or adjust its monthly repayments, depending on what suits you best.

- Fixed rate:
To repay a fixed-rate mortgage, it is slightly different. The fixed-rate is defined based on the current market rates at the time you took out the mortgage and these market rates may be different at the time of the early repayment. This means that early repayment of a fixed rate mortgage may incur additional costs. You may be charged an indemnity, which is calculated on the difference of each credit repayment period subsequent to the early repayment between the initial interest rate and the current interest rate, as further described in your mortgage contract with the [bank/BIL].

If the mortgage was signed with the [bank/BIL] after 21 march 2016 and was taken out to cover your main residence for an uninterrupted period of at least two years, the indemnity may not exceed the value corresponding to six months' interest on the capital repaid at the time of each early repayment, calculated at the contractual rate applicable on the day of early repayment.

According to the regulations in force, however, this limit does not apply to the fraction of the cumulative amount of early repayments exceeding 450,000 €. It is up to you, the borrower, to produce the residence certificates demonstrating your right to avail yourself of any early repayment indemnity.