Can I repay my loan early?
Yes, you may always repay your loan early, in whole or in part — it is a legal right. The lender may claim a reinvestment fee, but it is capped by law (Code of Economic Law, Book VII). For a mortgage, the fee is limited to three months' interest on the capital repaid early, at the loan's rate (art. VII.147/11–147/12); on a 3 percent loan, repaying €50,000 early therefore costs about €375. Since 10 June 2024, no reinvestment fee may be charged if you refinance with the same bank, and the dossier fee for that is capped at €175. For consumer credit, the fee is limited to 1 percent of the capital repaid early if more than one year remains, or 0.5 percent if one year or less remains (art. VII.97), and never more than the interest you would otherwise pay. If you repay during a variable-rate period of your consumer credit, no fee is due.
📋 The rules
- Repaying early (in whole or in part) is always a right
- Mortgage: reinvestment fee limited to 3 months' interest on the repaid capital (art. VII.147/11–12)
- Consumer credit: fee max 1 percent (> 1 year remaining) or 0.5 percent (≤ 1 year remaining) (art. VII.97)
- With a variable rate on consumer credit: no fee during that period
- Since 10 June 2024: no mortgage fee when refinancing with the same bank; dossier fee max €175
- Notice period of 10 days; the lender provides the amount and the calculation in writing
🔓 Exceptions
- For a credit facility (revolving credit), no reinvestment fee is due
- The fee may never exceed the interest you would pay without early repayment
⚠️ Penalties & fines
A fee charged above the legal cap is unlawful: you are not bound by it and can recover the excess. The lender risks the civil sanctions of Book VII (loss of interest or charges), plus supervision by the FSMA and the Economic Inspectorate.
📎 Official sources
- FPS Economy · early repayment of consumer credit →
- Wikifin (FSMA) · ending your mortgage early →
- ejustice · Code of Economic Law, Book VII →
❓ Frequently asked
Can I repay my mortgage early?
Yes, always, in whole or in part. The bank may claim a reinvestment fee, but it is limited to three months' interest on the repaid capital. On a 3 percent loan, repaying €50,000 costs about €375.
How much does it cost for consumer credit?
The fee is limited to 1 percent of the capital repaid if more than a year remains, or 0.5 percent if a year or less remains, and never more than the interest you would otherwise pay.
Do I pay a fee if I refinance?
Since 10 June 2024, no reinvestment fee may be charged if you refinance your mortgage with the same bank. The dossier fee for that is capped at €175.
Do I have to give notice in advance?
Yes, a notice period of 10 days applies. The lender must provide you the fee amount and its calculation in writing.
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