What is the procedure to repay a loan early?

The procedure to follow to repay a loan early is as follows: initially you must ensure that the amount necessary to pay off the loan is available in your current account, in the currency in which you contracted the loan. Subsequently, it is necessary to present yourself at the bank branch to complete an early repayment request.

Total early repayment of the loan will be made on the loan balance and interest calculated at the date of repayment.

In the situation in which you want to make a partial early repayment of the loan, you have the option to choose to reduce the credit period or to reduce the installment.

For loans with variable interest rates, BT does not charge an early repayment fee, and for loans with fixed interest rates, the fee is 0.5% or 1% depending on the period between the repayment date and the last due date of the installments.

In case you have pledged a property as collateral for the early repaid loan, after the total repayment of the loan is made, you will need to request the cancellation of the mortgage made in favor of the bank.