Discovering the pros and cons of making additional mortgage repayments can help you decide whether to start making an extra repayment right away. Read which advantages and disadvantages of extra repayments apply to your situation.
If you have an endowment mortgage, bank savings mortgage, tailor-made mortgage or an investment-linked mortgage, making additional repayments may not make good financial sense due to certain tax conditions and other factors. This is why you cannot make additional repayments on these mortgages in the app or on My ING.
With (bank) savings mortgages, making an extra deposit is sometimes more beneficial than making an extra repayment. If you repay large amounts, you could even lose your tax exemption. That’s why it’s important to first consult your adviser or intermediary.
Our advisers are here for you. If you're still unsure as to whether or not to make additional repayments or if you have one of the above mortgages, Review your Mortgage with us.
"}},{"componentType":"cta","textLink":{"url":"/en/personal/mortgage/your-mortgage/review-your-mortgage","text":"Review your Mortgage"}},{"componentType":"paragraph","richBody":{"value":""},"textLinks":[{"url":"https://www.ing.nl/particulier/hypotheek/contact/open-ret2?subscrid=cmnl-mort-open-ret","text":"Or make an appointment right away"}]},{"componentType":"sectionTitle","title":"Make an additional repayment in the app"},{"componentType":"paragraph","richBody":{"value":"The app makes it very easy to make additional repayments. Simply select ‘Additional repayment’ in the mortgage details section of the app. As soon as you have entered the amount you intend to repay, you will instantly see how it will affect your monthly payments. Within four working days, we will deduct your repayment from your outstanding mortgage debt and you will see the repayment in the mortgage details section of the app.
"}},{"componentType":"sectionTitle","title":"Don’t have the app or My ING?"},{"componentType":"paragraph","richBody":{"value":"You can also pay off part of your mortgage by transferring the amount you want to repay to ING:
Transfer the amount to NL46INGB0005533333, in the name of ‘ING Bank N.V. Hypotheken’
In the description, state your mortgage number, the loan part number and ‘Additional repayment’. You can find both these numbers on your annual statement.
If you want to make additional repayments every month, you can set up a monthly standing order.
Please note: Do you want your repayment included in the overview of the tax authority in 2025? Please make your repayment before 21.00h on the 23rd of December 2025.
When you make an additional repayment on your annuity mortgage in the app or on My ING, we will automatically lower your monthly payments accordingly.
"}},{"title":"Additional repayments on a linear mortgage","richBody":{"value":"When you make an additional repayment on your linear mortgage in the app or on My ING, we will not automatically lower your monthly repayments.
"}}]},{"componentType":"linkList","iconTitle":{"title":"Do you have questions?"}},{"componentType":"linkList","iconTitle":{"title":"More about"},"textLinks":[{"url":"/en/personal/mortgage/your-mortgage/pros-and-cons-additional-repayments","text":"The pros and cons of repayments"},{"url":"/en/personal/mortgage/your-mortgage/early-repayment-and-interim-mortgage-rate-adjustment-charges","text":"Repayment charges"}]}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","title":"Good to know","richBody":{"value":"The English text of the website is a translation of the Dutch original version. This translation is intended for the customers convenience only. In case of any discrepancies between the two versions, the original Dutch version shall prevail. The mortgage offer and contract will be signed in Dutch. Also, all further communication after signing the mortgage contract will be in Dutch. You acknowledge and accept this. If any assistance or clarification is needed, we recommend contacting your mortgage advisor or to call our customer service via the ING app.
"}}]}}}