Repaying your mortgage

You can make additional repayments for multiple mortgage loan parts. First of all, enter your additional repayment for loan part 1 on Internet Banking. Do not confirm the transaction at this stage. Next, enter the additional repayment for loan part 2 and any other loan parts if applicable. You can then confirm all of the additional repayments in one go on Internet Banking. 

You can make a new additional repayment for 1 or more mortgage loan parts from the 5th working day of the following month.

You can choose to pay extra into your savings account or the insurance policy that’s linked to your mortgage. This will help you reach the total amount earlier, which may allow you to repay your mortgage sooner. Please remember that tax rules apply to paying extra into a savings account or an insurance policy. We recommend that you seek professional advice before you decide to avail yourself of this option.

We don’t require your partner’s consent if no fee is due for the extra repayment. We do require their consent if a fee is due. This task will be listed in your partner’s task list in Internet Banking.

If you signed your instruction in Internet Banking by 11:59 p.m. on the 26th of the month, the new outstanding principal and monthly mortgage payment will be shown on the first business day of the following month. If you signed the instruction later, your new outstanding principal and monthly mortgage payment will be shown the first business day of the following month. We will of course refund any interest that we’ve overcharged you in the intervening period. The extra repayment will be debited from your account instantly. We will confirm the debit via your Bankmail.

If you want to repay more than 10% of the original principal for a loan part in a single year, you may be charged a fee (previously known as ‘penalty interest’). Your mortgage terms and conditions tell you how much you can repay each year without being charged a fee.

Yes, you can. You can check the impact of an additional repayment on each loan part and then approve the transaction. After making the first additional repayment, you can make a new additional repayment for a subsequent loan part. The first additional repayment will be added to your task list. You then need to sign for all of the additional repayments in one go. You cannot approve the first additional repayment one day and then the second the next day, for instance.