Loans And Mortgages Information

The extinction of a loan entails the savings on interest not yet due, but before the entry into force of Legislative Decree Bersani the extinction of a mortgage could not be convenient because it was necessary to face the penalties of extinction.

With the entry into force of art, 7 / 2007 are null and void the charges for early repayment on the new loans made while referring to the mutual contracts prior to the entry into force of the decree provides for the renegotiation of penalties to bring them within the maximum allowed.

7 decreed that any penalties for early repayment of the loan agreed between the parties in violation of the prohibition are void, but at the same time does not entail the nullity of the contract of loan.

To find out what the capital to be given to the bank for repaying the loan, you should consider the interest rate that is fixed or variable, and in case of variable parameters on which it is calculated.

In the case of a French loan amortization or depreciation of a plan loan to the German interest is paid more, or none at all during the prime rate.

Therefore, even if there are no penalties for extinction loan, the interest on the loan were paid in advance and will not be deducted from the sum to be reimbursed.