OBS_VALUE: Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers, article 16The consumer shall be entitled to early repayment at any time. In the event of early repayment the creditor shall be entitled to fair and objectively justified compensation for possible costs directly linked to early repayment provided that it falls within a period for which the borrowing rate is fixed. Such compensation may not exceed 1% of the amount of credit repaid early if the credit is repaid more than one year before the initial termination date, and 0.5% otherwise. It does not apply to mortgages, for which a separate directive regulates early repayment.