Is renegotiation possible for a home loan?

What do you think, is it possible to negotiate a correction with the bank?

You can talk, but will the bank cooperate? HOWEVER: You will have to pay a price. For example, the bank can offer you an interest rate of 0.8% for the next 15 years. Then you lose 1% p.a. ==> about 8% of the remaining principal. This is called a prepayment penalty. Possibly the bank waives its margin loss and only charges the refinancing loss. The bank will only cooperate if it continues to make money from you. So you will either continue to pay 1.8% interest regularly or alternatively 0.8% and upfront the lost interest of 1% for the next 8 years. In the end, it’s the same for you.

Thank you for the previous answers! Especially the last contribution perhaps shows a small scope for action they are allowed to earn money after all...

And you don't need to say anything about competition either. They won't let you out. Only if you sell. Another question: How would you feel if interest rates were to rise and the bank offered to adjust the terms upwards? Would you say yes? If not, then you have already given yourself the answer.

Asking costs nothing. I would be just as happy for you as I would be surprised if something worked out that is financially advantageous for you in the end. There is no reasonable reason for the bank to change a valid contract at its own expense.

Asking costs nothing. I would be as happy for you as I would be surprised if something were possible that is financially advantageous for you in the end. There is no reasonable reason for the bank to change a valid contract to its own detriment.

Maybe after all. Any change to the contract resets the 10.5 years after which early (partial) termination is possible. The customer thus commits to their "bad" conditions for a longer period, for example, in exchange for a change in the repayment rate.

Otherwise, it is up to the OP to check whether a building savings contract can secure the current conditions (I would argue no) or to take out a forward loan from 60 months remaining term up to the (10.5 year limit) if they are so eager to do so.

I completed the financing at the end of 2018 and am not even allowed to see what conditions I could get now... it is what it is, the house is finished now. And the banks will be very happy about the "old loans," where they at least still get a bit of interest. I really cannot imagine that they will offer something that saves you money. Anyone who wants to take advantage of every downward fluctuation has to finance with a variable rate, but it can also go the other way... as already said. Ask people who financed about 10 years ago, they were still charged 4-5%, they would have been dancing on the table cheering at 1.8%...