Break Free from Your Contract
Mortgage with No Repayment Penalty
A traditional has one major drawback: Anyone who often ends up paying tens of thousands of francs.
With HYPOTHEKE.ch, there’s another way. On our , you’ll find That means: more flexibility, less risk, and full control over your financing. Certain offers are available exclusively through HYPOTHEKE.ch.
A fixed-rate mortgage is a mortgage with a fixed interest rate over an agreed-upon term. This means that the mortgage interest rate remains unchanged throughout the entire term, providing predictability regarding financing costs. Fixed-rate mortgages are among the most popular types of mortgages in Switzerland. Learn more here: Fixed-Rate Mortgages in Switzerland
Early termination of a fixed-rate mortgage means that the customer ends an existing fixed-rate mortgage before the agreed term expires. In such cases, mortgage lenders typically charge a “Repayment penalty,” as they may lose out on interest income due to the early termination. There are providers in Switzerland that waive the repayment penalty under certain conditions—for example, when the property is sold. This is a very good solution for many borrowers. Learn more here: Fixed-rate mortgage without a repayment penalty.
Eine Online-Plattform für Hypotheken ermöglicht es, Hypotheken digital zu berechnen, Hypotheken zu vergleichen und je nach Anbieter direkt abzuschliessen. Der Vorteil liegt in Transparenz, breiter Anbieterauswahl und schnellerer Vergleichbarkeit der Hypothekarzinsen. Die Transparenz sorgt zudem für tiefe Zinsen. Möchten Sie beste Zinsen bei Ihrer Hypothek? Nutzen Sie unser Tool: app.hypotheke.ch
Eine Hypothek ohne Vorfälligkeitsentschädigung kann vor Ablauf der Laufzeit – auch bei Festhypotheken - gekündigt oder zurückbezahlt werden, ohne dass zusätzliche Kosten anfallen (oder nur sehr tiefe). Solche Hypotheken bieten mehr Flexibilität. Sie werden oft von Pensionskassen oder Anlagestiftungen angeboten und müssen nicht zwingend teurer sein als Hypotheken ohne Kündigungsmöglichkeit. Bei HYPOTHEKE.ch sind meist zwei bis fünf Anbieter online, die einen vorzeitigen Ausstieg zulassen. Meist ist die kostenlose Auflösung der Hypothek an Bedingungen geknüpft, zum Beispiel den Verkauf der Immobilie.
Definition
Repayment penalty on a Mortgage
The is a fee that applies if you pay off a Mortgage early.
Typical terms
- Repayment penalty
- Early termination fee
- Transfer fee
- Penalty fee
The bank’s goal
is to offset its own loss of interest income resulting from the early repayment of the Mortgage. It is therefore not a traditional fee; rather, the customer must pay the lost profit/income of the in a lump sum if they wish to unilaterally terminate the contract with the mortgage lender early.
Eine Vorfälligkeitsentschädigung fällt an, wenn eine Hypothek mit fester Laufzeit vorzeitig aufgelöst wird. Die Kosten können hoch sein und hängen meist von Restlaufzeit, aktuellem Zinsniveau, vereinbartem Zinssatz und Gebühren des Anbieters ab. Es gibt auch Festhypotheken, die man kostenlos vorzeitig auflösen kann.
Ein Kreditgeber stellt dem Kreditnehmer Kapital zur Verfügung und erhält dafür Zinsen. Bei Hypotheken sind Kreditgeber in der Schweiz meist Banken, Versicherungen oder Pensionskassen, die die Finanzierung vertraglich und durch ein Grundpfand absichern.
Dimension
Amount of the repayment penalty
Many people massively underestimate the costs. In reality, the Repayment penalty often ranges from 20,000 to over 100,000 Swiss francs. The exact amount depends on the interest rate and the remaining term of the existing Mortgage, as well as on the and the current
It becomes particularly expensive if interest rates have fallen since the Mortgage was taken out or if there are still many years remaining on the loan.
Die optimale Höhe der Hypothek hängt unter anderem von Immobilienwert, Belehnung, Eigenmitteln, Zusatzsicherheiten, Tragbarkeit und Steuersituation ab. In der Schweiz finanzieren Anbieter selbstbewohntes Wohneigentum häufig bis maximal 80 Prozent des Belehnungswerts. Die Hypothekarhöhe ist die wichtigste Stellschraube bei der Optimierung des Kreditratings bei der Hypothek.
Frequently Asked Questions
Answers about fixed-rate mortgages with an early termination option
A mortgage without a repayment penalty typically allows you—usually under certain conditions—to terminate the contract early without having to pay high penalty fees.
An repayment penalty applies if you terminate a fixed-term mortgage early—for example, when selling the property or switching providers.
Yes, but only with a few specialized providers. These offers combine fixed interest rates with flexible early repayment options. On Hypotheke.ch, there are usually about 2 to 5 providers that offer mortgages without repayment penalties. Some providers offer these products exclusively through HYPOTHEKE.ch.
A mortgage without a repayment penalty is particularly worthwhile in the following cases:
- planned real estate sale
- uncertain life situation
- career changes
- divorce or inheritance
Because banks bear an interest rate risk in the event of early termination. With traditional mortgages, this risk is mitigated by repayment penalties.
Not necessarily. Interest rates are often slightly higher, but in the event of an emergency, you’ll save on very high early termination fees. However, there are also offers that aren’t more expensive than traditional Mortgages. These are usually offered by or , because they do not have to refinance their Mortgages on the capital market in the traditional way.
A mortgage from an investment foundation is a real estate financing arrangement provided by an investment foundation. Investment foundations invest pension fund assets in mortgages, among other things, and often offer attractive mortgage rates as well as long-term financing solutions. Because they typically do not have their own sales departments, mortgages from investment foundations can often only be arranged through mortgage platforms. HYPOTHEKE.ch collaborates with several investment foundations and applies for some of them.
Offers like these are rare and hard to find. Through a mortgage platform like HYPOTHEKE.ch, you can search specifically for these types of models and compare the offers.
Calculation
Costs in the event of early termination
The calculation is based on what is known as the reinvestment rate. Put simply, the bank calculates the difference between the agreed-upon Mortgage interest rate and the interest rate at which it can reinvest the money it receives back until the end of the original Term of the mortgage.
Formula (simplified)
(Interest rate – reinvestment rate) × Mortgage amount × remaining term
Real-world example
- Mortgage: CHF 750,000
- Interest rate: 2.5%
- Remaining term: 6 years
- Reinvestment rate: -0.75%
A negative reinvestment rate is fully factored into the calculation. Unlike with the , a negative reinvestment rate is actually used in the calculation to the customer’s disadvantage.
Costs for early exit: just over 140,000 Swiss francs
In other words: A single decision can end up costing a fortune.
SARON Hypothek
Eine SARON-Hypothek ist eine geldmarktbasierte Hypothek mit variablem Zinssatz. Sie eignet sich vor allem für Kreditnehmer, die Zinsschwankungen tragen können und von transparenten, kurzfristigen Marktzinsen profitieren möchten. Mehr dazu auch hier: Festhypothek oder Saron-Hypothek?Saron-Hypothek abschliessen und später in Festhypothek wechseln?
Solution
A mortgage with no repayment penalty
On HYPOTHEKE.ch, you can find providers that offer customer-friendly cancellation policies. Depending on the provider, the following options are available:
Cancel at any time, free of charge
While it’s rare to be able to opt out for free at any time without incurring any costs, it is possible—without having to sell the property, without fees, and with flexible Amortizations.
When selling a property
A “no-fee exit” when selling a property means that no fees are charged when the property is sold to a third party. This is ideal for anyone who has to plan for an uncertain future.
Minimum flat fee
With some mortgages, it’s possible to exit the loan for a minimal flat fee—for example, a fixed cost of around CHF 1,000—instead of potentially tens of thousands of francs in penalty fees.
These offers are rare
Use the platform
On HYPOTHEKE.ch, you can see in the overview of offers whether a repayment penalty applies or not (marked in red here).
Our Top Interest Rates
Apply directly on our platform
Informationen zu den besten Hypothekarzinsen von HYPOTHEKE.ch
Die Zinsen auf unserer Hypothekenplattform werden von unseren Finanzierungspartnern stündlich aktualisiert. Die hier angezeigten «ab Zinsen» / Top-Zinsen werden von mindestens einem Anbieter auf HYPOTHEKE.ch angeboten. Es handelt sich um den aktuell bestmöglichen Hypotheken-Zinssatz. Die individuellen und abschlussfertigen Zinsen hängen von verschiedenen Parametern wie Belehnung, Tragbarkeit, Immobilienwert, Region und anderen Faktoren ab und können von den hier angezeigten Zinsen abweichen.
Many customers underestimate the value of having the option to pay off their Mortgage early. Our experts will help you find the best Mortgage solution for you—with or without a repayment penalty.
Andrin Steiner
Head of Mortgage Consulting at HYPOTHEKE.ch
Good Point
Valuable Flexibility
Many borrowers don’t think about getting out of their Mortgage when they take it out—yet reality often shows that life changes faster than a Mortgage term. With a flexible Mortgage, you can avoid high prepayment penalties, maintain your financial flexibility, and reduce your financial risk.
Tax Treatment of Repayment Penalties
Depending on the situation, a repayment penalty may have tax implications—either as a deduction from income tax or as a credit against real estate gains tax.
Important
The exact procedure depends on the individual case.
Get a mortgage in 3 steps
No need to make a tedious trip to the bank
1. Assess the situation
Accessible at any time, without interruption
2. Compare offers
Try it 100% anonymously and for free
3. Take out a Mortgage
Instantly and conveniently from the comfort of your couch
Get started now and get your final offer in 5 minutes