Redeeming the loan
Most Spanish lenders charge a redemption penalty of 0.5 and 1% if you wish to pay the loan off earlier. However, this does vary according to lender and the type of loan you take out.
 
However, please note that there will be costs involved in going to the Notary and lifting the charge as is the norm in Spain. Costs vary according to amount borrowed. Please contact us for specific costs.