If the early repayment occurs in a period in which the nominal rate of the contract is fixed, you may have to pay a fee of not more than:

• 0.5% of the amount of capital repaid, if the period remaining between the early repayment date and the stipulated date for the end of the credit agreement exceeds one year;

• 0.25% of the amount of capital repaid, if the period remaining between the early repayment date and the stipulated date for the end of the credit agreement is less than or equal to one year.

No early repayment fee is payable if:

• the repayment occurs in a period in which the nominal rate of the contract is variable;

• it is a credit agreement in the form of an overdraft facility;

• the repayment has been made in execution of an insurance contract to guarantee the credit.

In any case, the fee payable for early repayment may not exceed the amount corresponding to the amount of interest that would be required of the customer for the period between the date of the early repayment and the date stipulated for the end of the fixed rate period.

These early repayment rules apply to contracts entered into as from 1 July 2009 and to credit agreements of indefinite duration already in force on that date. The remaining credit agreements observe the rules of early repayment included in Decree-Law no. 359/91.