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Early repayment penalties
The early repayment penalties, or early redemption charge, are the penalties imposed by the bank during the early repurchase of its credit by another financial institution. These penalties are indicated on your loan contract.
Usually they shouldn't exceed : 3% of the outstanding principal before the refund : € 6 months of interest on the principal repayment due before : €
The calculator proposes by default the lowest of these two threshold, but the value is editable.
The early repayment penalties, or early redemption charge, are the penalties imposed by the bank during the early repurchase of its credit by another financial institution. These penalties are indicated on your loan contract.
Usually they shouldn't exceed :
The calculator proposes by default the lowest of these two threshold, but the value is editable.
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Amortization table until
| Year | Month | Balance | Monthly payments | Sum of future payments |
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yrs and months
Loan term
This is the duration of your new loan.
By default, the calculator proposes a duration equal to the remaining term of your current credit.
However, renegotiating your loan can be an opportunity to reduce the term of your new loan and thus reduce the total cost.
Conversely, if you increase the duration of your new credit, you can reduce your monthly payments but you will increase the total cost of the new loan.
This is the duration of your new loan.
By default, the calculator proposes a duration equal to the remaining term of your current credit.
However, renegotiating your loan can be an opportunity to reduce the term of your new loan and thus reduce the total cost.
Conversely, if you increase the duration of your new credit, you can reduce your monthly payments but you will increase the total cost of the new loan.
€
New contribution
If you have available cash when renegotiating your loan, it may be wise to make a new contribution in order to reduce the amount of the new loan and therefore its overall cost.
If you have available cash when renegotiating your loan, it may be wise to make a new contribution in order to reduce the amount of the new loan and therefore its overall cost.
New contribution
If you have available cash when renegotiating your loan, it may be wise to make a new contribution in order to reduce the amount of the new loan and therefore its overall cost.
If you have available cash when renegotiating your loan, it may be wise to make a new contribution in order to reduce the amount of the new loan and therefore its overall cost.
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Set-up fees
Fixed set-up fees of the new loan (administrative costs requested by the new bank + fees of any broker who helped renegotiating the loan).
Fixed set-up fees of the new loan (administrative costs requested by the new bank + fees of any broker who helped renegotiating the loan).
$
Loan amount
This is the amount of new credit.
It is automatically calculated by the simulator as the sum of the balance to repurchase ( €) + early repayments penalties the current credit ( € ) + set-up fees the new loan ( €) - new contribution ( €).
This is the amount of new credit.
It is automatically calculated by the simulator as the sum of the balance to repurchase ( €) + early repayments penalties the current credit ( € ) + set-up fees the new loan ( €) - new contribution ( €).
%
Annual interest rate
This is the fixed annual rate (excluding insurance) of the new credit.
By default, the calculator provides the current usual rate.
This is the fixed annual rate (excluding insurance) of the new credit.
By default, the calculator provides the current usual rate.
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Amortization table until
| Year | Month | Principal balance | Monthly payments | Sum of future payments |
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: €
Your current loan ▼
Enjoy the historic rate cut to renegotiate your loan!
