Hi,
Does anyone know, if someone takes loan from bank as Housing Loan which is supposed for 20 years. After 1 year, if person wants to discontinue, would it be possible or there would be heavy fee/charges on person. How legally it goes?
Kiitos
Loan bank
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Re: Loan bank
It goes as is written in the loan agreement. There may be a fee for paying the loan up front (the bank having given out the loan with the expectation that there will be interest revenue for its duration), but not necessarily. If you already have a loan, contact the bank and ask how to pay the loan in advance and whether it entails any extra fees.
Re: Loan bank
Surely the bank holds mortgage, so you need to start discussions there anyway. Or have you won lottery and have no need to sell the property?
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Re: Loan bank
As long as the loan is variable rate, you have a right by law to pay it back whenever you want without extra cost.FinnGuyHelsinki wrote: ↑Thu Jan 04, 2018 11:01 amIt goes as is written in the loan agreement. There may be a fee for paying the loan up front (the bank having given out the loan with the expectation that there will be interest revenue for its duration), but not necessarily. If you already have a loan, contact the bank and ask how to pay the loan in advance and whether it entails any extra fees.
"Luotonantajalla on oikeus saada korvaus kuluttajalta tämän maksaessa luoton tai sen osan ennenaikaisesti, jos luoton korkoa ei ole sidottu viitekorkoon (kiinteä korko)."
https://www.finlex.fi/fi/laki/ajantasa/ ... 0038#L7P28