Can I overpay or fully pay off my home loan?

1. The borrower may repay part of the loan early, provided that he notifies the Bank in writing of the repayment intention, stating:

1) the amount that he intends to pay,

2) loan repayment rules, i.e. maintaining the current loan period or shortening the loan period,

2. In justified cases, the Bank may accept the early repayment of part of the loan without applying para. 1.

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3. In the event of early repayment of part of the loan with a simultaneous shortening of the loan period, the Bank prepares an annex to the Agreement specifying the loan period and submits it for the Borrower's signature. The bank draws up a new schedule, specifying the new amount of installments and the loan period, and sends it by ordinary mail. The Borrower may also collect the new schedule in person at the Bank.

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4. In the case of early repayment of a part of the loan, maintaining the existing loan period, the Bank prepares a new schedule, specifying the new amount of installments, the loan period, and sends it by ordinary mail. The Borrower may also collect the new schedule in person at the Bank.

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5. The borrower may make early repayment of the entire loan.

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6. In the case referred to in sec. 5 The bank recalculates the interest in accordance with the actual use of the loan.

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7. The amount paid before the installment payment date without notification The bank referred to in para. 5, remains on an interest-free temporary account. The reduction of the debt amount due to the granted loan takes place on the day of payment of the next and subsequent installments.

8. The borrower is not obliged to pay interest for the period after the principal repayment.