special repayment

Hello,
when we agreed on our financing with the bank, we did not think that we could make any extraordinary payments. But now we have inherited something and want to make a special repayment. Is it that simple or do you have to arrange it in advance?

If a fixed interest rate period is in place, a special repayment is usually not possible. With a regular annuity loan, a special repayment is usually possible without costs after consultation with the bank. I just discussed this with my bank advisor today. My loan still runs for 3 years, then it is paid off. Now I have been considering whether I should make a special repayment and have found that with a loan interest rate of 5.1% and a daily allowance account of 3%, it would be pointless to repay.