Amortisation Calculator (Gibraltar)

Gibraltar's Unique Legal Position

Because Gibraltar is outside the EU/EEA following Brexit, the Consumer Credit Directive and Mortgage Credit Directive caps that apply across the EU do not apply here. Early repayment terms, including any charge, are set entirely by the lender's own mortgage conditions — always check your offer letter.

Gibraltar International Bank and Local Lenders

Mortgages in Gibraltar are typically offered by Gibraltar International Bank, NatWest International, and a handful of other local and cross-border lenders, usually on variable rates tied to the lender's own base rate rather than a national reference rate.

Interest-Only vs Repayment

As with UK mortgages, Gibraltar lenders offer both interest-only and full-repayment structures. This calculator lets you compare both side by side.

Worked Example: £300,000 Over 25 Years at 4.7%

On a £300,000 mortgage at 4.7% over 25 years, the monthly payment is £1,701.74.

Over the full 300 payments you would pay £210,520.75 in interest, for a total of £510,520.75.

Because Gibraltar has no statutory early-repayment cap, always confirm the exact terms with your lender before making a large overpayment.

Payment = P × [r(1+r)^n] / [(1+r)^n − 1], where P = loan amount, r = monthly interest rate, n = number of monthly payments

Repayment vs Interest-Only

This calculator models a standard capital-and-interest mortgage. An interest-only structure keeps the balance unchanged and requires a separate repayment plan for the capital at the end of the term — compare both using the method switch above.

No EU Early-Repayment Cap Applies

Gibraltar's exit from the EU/EEA means the Consumer Credit Directive's 1%/0.5% cap and the Mortgage Credit Directive's 'fair compensation' rule do not apply here. Any early-repayment charge is set purely by your lender's mortgage conditions — read your offer letter carefully, or ask your lender directly, before overpaying or repaying in full.