Pay a fine in one go
It is always cheapest to pay the transfer fine in one go. You can finance the penalty interest with your own money or with a loan. If you are curious about whether a loan is a good option for you, we will be happy to make an offer. We work 100% digitally and always offer one of the lowest interest rates in the Netherlands. For this we work together with specialized partner banks. Our offer is without obligation and you often receive it in your inbox the same day.
Pay penalty interest in installments
If you want to pay the fine in installments, you can opt for interest-rate averaging at some banks. You must therefore take out your new mortgage with your current bank. The costs of breaking open your mortgage are divided over the new fixed-rate period.
So if you pay 5% interest and interest is 3% right now, after the interest averaging, you will pay about 4% interest. That seems like a nice saving, but in reality you are still paying too much interest. Partly because the penalty-free part of your mortgage sometimes lapses and banks charge hefty interest surcharges, so that you pay much more than the minimum interest.
Most people opt for a Personal Loan if they want to borrow money for the penalty interest. An example: suppose you reduce your mortgage payments from € 1,800 to € 800 by refinancing your mortgage. The loan for the penalty interest costs € 300 per month during the term of 5 years. Despite the costs for the loan, you immediately save € 700 per month. And after five years that will even be € 1000.
With a credit you can therefore immediately take advantage of a new affordable mortgage, without having to depend on expensive interest averaging. Request a no-obligation quote today.