Hello all, I had the consideration to repay the completed partial financing of my car prematurely. Goal: Saving interest + no credit debt anymore The credit is composed as follows: Total loan amount + borrowing interest = total amount So I called the bank to send me the documents. Now came the post and somehow the content is not as I would have expected 😛 And I already redeemed 20 out of 59 installments, so the corresponding rests In the letter it is now written that – should I want to redeem the loan prematurely – I would have to transfer the residual amount X + nominal interest rates for the period 02.-30.11.2020 + the pre-due fee of 1 %. A) Actually, the residual amount already includes the nominal interest rates until the end of the term, how can there be extra nominal interest rates for November? B) No interest savings in sight. C) Then I would be stupid if I would trigger the prematurely. e, since I pay on it in that case. In the conditions there is nothing of interest refund, only that the lender is entitled to compensation in case of early repayment (the said max. 1 % of the balance). What are your experiences? Now I’m angry of course that I didn’t pay the same cash … but wanted to leave me a cushion in the account for the case that the fridge or so blesses the temporal,