Mortages

All loans have financial costs: the interest rate or the money cost. Both the Nominal Annual Rate (NAR) and the Annual Percentage Rate (APR) refer to the cost of money. It is very important to compare different options, so you can choose the best one.

The variable interest rate depends on the market indexer (Euribor), associated to a 3, 6 or 12 month fixed term. A spread will be added to the interest rate, according to the specific conditions of the loan agreed with the Customer. During the first period (three, six or 12 months) the interest rate is fixed. After that, the interest rate is recalculated, according to the agreed indexer. These variations will determine the monthly loan payments.

A fixed rate mortgage is an interest rate that doesn't change during the entire lifetime of the loan. If you don´t want to worry about the Euribor fluctuations, this could be the best solution for you.

The NAR is the interest rate used to evaluate the annual cost of the loan in terms of a percentage.

This rate adds all the associated costs of the mortgage, except taxes, to the NAR. APR includes expenses, evaluations, bank fees and mandatory insurances.

It represents the global cost of the loan, including taxes – this is the total amount the Customer will pay. It´s the best way to compare the loan cost at different banks.

When the Customer has to subscribe more products or services to get better conditions for the loan, the RAER should be used to calculate the cost-benefit ratio. It is very common in mortgage loans.

Even when choosing Fixed Rate, you'll still benefit from spreads in line with the best market conditions. During the Fixed Rate period, the fixed rate plus spread is applied. After the Fixed Rate period (and if the period of the loan is longer than the Fixed Rate period), 6 month Euribor plus spread will apply. You can reduce your spread via bonus resulting from the number of products you sign up for.

You can benefit from fixed rates for up to 15 years. This offer is for loan periods of between ten and 40 years. Depending on the loan period, you can choose the fixed rate that best suits your needs. You can decide on: 2, 3, 4, 5, 10 and 15 years of peace of mind. The loan amount can be up to 80% of the valuation.

Having Best products will reduce your spread, like having your salary credited directly to your account, a debit card, home or life insurance or an average quarterly balance of >€2,500 in savings (current account, term deposits, savings account) or >€30,000 in resources.

Send us the required documentation and we commit to establishing and meeting all the deadlines.

For further information, contact the Relationship Management service or call us on 707 246 707 (business days, from 8h to 22h WET).

Keep your house safe and protected from fire, flooding, theft and other accidents. Check the Product Information Sheet and the General and Special Conditions for Home Insurance.

Protect your loan. Life Insurance guarantees payment of the remaining debt, covering death or absolute and definitive disability. Check the Insurance Information Sheet for Life Insurance.

For further information, contact the Relationship Management service or call us on 707 246 707 (business days, from 8h to 22h WET).