General Features:

• The interest rate of the Variable Mortgage is 12-month Euribor* plus a margin depending on your relationship with MoraBanc:
  • Minimum interest rate: 12-month Euribor + 0.33%, based on products contracted with the bank.
  • Maximum fixed interest rate without bonuses: Euribor + 2.33%.
• Amount you can request:
  
  • 80% of the lower of the purchase price or the appraisal value.**
• Term and repayment***:
  
  • Up to 30 years.
• Fees associated with the loan:
  • Opening fee: 0%.
  • Full or partial repayment fee: 0%.
  • Application fee: 0%.
  • Capital and interest grace period: none.
• Financing is subject to MoraBanc’s review and approval.
• The interest simulation provided is for information only and does not constitute an offer.

Required Documentation and Conditions for Your File:

• Documents for review:
  • Passport/ID card.
  • Residence and work permit.
  • Direct debit for bills/CASS.
• Conditions to formalize the loan:
  • Minimum 12 months’ residence in the country.
  • Minimum 6 months’ employment with the current company.
  • Salary must be domiciled with MoraBanc.
  • Appraisal dated within 6 months of signing. Must be carried out by a valuation firm authorized by the Bank of Spain for mortgage guarantee purposes.
  • Purchase agreement (earnest-money contract or promise to purchase).
  • Copy of the energy certificate showing the property’s energy label, provided by the seller at signing.
  • Formalization of the transaction before a notary.
  • Building insurance.
  • Contents insurance.
  • Life insurance in favor of the bank.

Other Conditions:

* Bonuses: Applied in 0.50% steps up to a maximum of 2%. Granted for subscribing to any three of the following products:

• Investments:
  • Periodic contribution of €75/month to MoraBanc funds: 0.50%.
• Insurances:
  • Life insurance (with MoraBanc Assurances): 0.50%.
• Salary domiciliation: 0.50%.
• MoraBanc cards: 0.50%:
  • At least one cardholder must hold a MoraBanc card and make three purchases per month (applies to any card except ViaT or MoraBanc Ingressos).

If you open a new account, you will have a minimum 3-month period to meet all bonus requirements, and you will be informed of any interest-rate changes if your relationship level changes.

If the mortgage is granted to a client’s holding company, the guarantors (individuals) must meet the bonus conditions.

* The interest rate will be reviewed according to the chosen Euribor periodicity. If Euribor is negative, it will be set to 0% + margin.

** The financed amount must not exceed €500,000.

**** The monthly payment cannot exceed 35% of your effort ratio (annual installments plus rent, if no other mortgage, divided by net fixed income after IRPF and CASS). The maximum term is up to your retirement age. You may also choose the payment date.