Variable temporal repayment options

Hello I would like to ask if there are providers besides [KFW] that offer variable repayment periods. So that you can make extra repayments several times a year starting from a certain amount... With [KFW], you can repay over 1000 euros at any time. We are looking for something similar from "normal" mortgage providers... Or is it simply normal that you can only repay once a year? Thank you

Hello,

yes, it is normal because a bank wants a "secure" cash flow. If everyone repays in small installments, it becomes complicated with a monitoring b refinancing.

is it really the case that you can repay 1000 at any time?

It is probably more the fear that the 1,000 euros, if they are there, will be spent elsewhere ;-)

You can be quite creative with your bank when drafting the contracts, but they won't necessarily be cheaper then.

With Ing-Diba, you can make prepayments of at least 1250 euros several times a year, up to a total amount of 5% of the loan.

Best regards
Sabine

With KFW, you can repay over 1000 euros at any time.

You need to be more precise about which KfW loan you mean. For example, with program 124, no special repayments are possible.