Overall features:

• The interest rate of the Mixed Sustainable Loan is comprised of a fixed portion for the first 2 years of the loan and a variable portion (12-month Euribor) for the rest of the term, to which is added a differential made up of the Euribor rate* plus the agreed differential rate.
  • Fixed interest rate: 2.75%
  • Variable interest rate: 12-month Euribor rate + 1.25%
• Loan amount you can apply for: up to 100% of the investment value.
• Term and repayment: up to 8 years.
• Fees associated with the loan:
  • Application fee: 0%
  • Partial or total early repayment fee:
    • Year 1, 2, 3, 4: 1.00%
    • Remaining years: 0.00%
  • Capital and interest grace period: N/A
• The loan is subject to review and approval by MoraBanc.
• The information obtained from the interest rate simulation for the loan does not constitute an offer, as the interest figure is provided for information purposes only.

Documents and requirements necessary for the application process in the case of an individual (in their capacity as business owner):

• Documentation for the application review process:
  • Passport/ID
  • Residence and work permit
  • Renovation work or purchase estimate (with an energy certificate dated prior to the work or purchase)
  • Business plan or project study
  • Latest Corporate Income Tax (IS), General Indirect Tax (IGI) and employee’s CASS contributions payments to check that the applicant is up to date with the payment of these tax obligations
• Requirements for the completion of the loan:
  • Residence in the country of more than 12 months
  • Length of service in the company of more than 6 months
  • Life insurance in favour of MoraBanc
  • Proof of payment of the purchase or service (by bank transfer from MoraBanc)
  • Energy certificate showing the improvement in efficiency after the renovation work

Documents and requirements necessary for the application process in the case of a legal entity:

• Documentation for the application review process:
  • Renovation work or purchase estimate (with an energy certificate dated prior to the work or purchase)
  • Business plan
  • Audited financial statements
  • Valuation of additional personal guarantees
  • Latest Corporate Income Tax (IS), General Indirect Tax (IGI) and employee’s CASS contributions payments to check that the applicant is up to date with the payment of these tax obligations
• Requirements for the completion of the loan:
  • Proof of payment of the purchase or service
  • Energy certificate showing the improvement in efficiency after the renovation work

Other conditions:

* The interest rate will be revised with the periodicity of the 12m Euribor. If the Euribor is negative, the following rate will apply: Euribor = 0% + differential rate.

** In the case of a loan for an individual, the monthly repayment amount cannot exceed 35% of the affordability ratio, i.e., the coefficient between the annual repayments plus rent (if there is no mortgage) and the net fixed income (annual income net of income tax and CASS contributions). The maximum loan term cannot go beyond the age of retirement. You can choose the day you want your monthly instalment to be debited.