Variable Mortgage
A mortgage for you
Finance the purchase of your home up to 80% of its value and you will be able to repay until you are 65 years old.
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12-m Euribor + 1.55 % interest rate
Based on your degree of loyalty to the bank.
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Financing of up to 80 %
So that starting the process of creating your new home is easy.
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Repayment period up to 25 years
With an age limit of 65 years old.
Features
- Mortgage loan for the purchase of a first home. It only applies for private individuals residing in Andorra.
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Minimum interest rate of 12 month Euribor + 1.55 %, based on your degree of loyalty to the bank.
See terms and conditions - Financing of up to 80% of the lowest value between the purchase and the appraised value.
- Maximum repayment period 25 years with an age limit of 65 years old.
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Granted within a maximum period of 15 days, as long as all required documents have been provided.
See required documents - You will get the entire capital at once, at the beginning of the transaction.
- Your salary must be directly deposited into a MoraBanc’s account.
- You can choose the receipt date of the charge.
The applicable interest rate will vary based on the client’s degree of loyalty and the products they have contracted with MoraBanc:
- Direct deposit of salary
- 3 utility or bank direct debits
- Active debit or credit card (with at least 3 monthly transactions)
- Possession of Grupo MoraBanc’s savings and retirement products
- Possession of Grupo MoraBanc’s life and health insurances
- Possession of MoraBanc’s investment funds.
- Other MoraBanc products
The amount of your monthly payment or the sum of your current debt must not be higher than 35% of your monthly fixed income.
This product has no grace period for capital and interest.
Opening commission: 1.5%
Partial or total cancellation commission: 2%
In the case of a negative Euribor value, the reference would be Euribor = 0
Financing will be subject to study and approval from MoraBanc’s side.
Required documentation for the Variable Mortgage study
- ID / Passport and Andorran Residence and work permit
- Account opening contract
- Updated property appraisal
- Your payslips from the last 3 months
- Updated CASS points
- Receipt of extraordinary revenue if necessary
- Length of stay in the country of more than 12 months and length of service in the company of more than 6 months
Documentation and requirements needed for the Variable Mortgage formalisation
- Pre-sale agreement (deposit contract or agreement to sell)
- Copy of the Energy Certificate containing the energy label of the property and provided by the selling party with the contract of sale
- Life insurance receipt (AndorVida)
- Compulsory payment by transfer or nominative cheque
- Need to formalise the operation before a notary public
- Building insurance
- Contents insurance
Calculate your payment
Mortgage fee*
0,00€
Monthly
Every year you will pay: 0,00€
*Every financing operation is subject to assessment by MoraBanc.
ApplyApply
Write to us and we will contact you.
Information on the processing of personal data
In compliance with Law 15/2003 of 18 December on protection of personal data, the customer authorizes that the applicant’s personal data entered on this form will be incorporated into files owned and managed by MORA BANC GRUP, SA – MORA BANC, SAU (hereafter referred to as “MoraBanc”) to process the requested service and, if necessary, to comply with the contracts finally entered into, and also to ensure correct operational procedures.
The applicant expressly authorises MoraBanc to send him/her commercial and promotional communications for products and services and information on the Bank itself, social or other activities, in hardcopy by post or by electronic means (among others, short messages (SMS) to mobile phones, e-mail, etc.). This consent can always be withdrawn, without retroactive effect.
The fact of filling out this form implies that the applicant acknowledges that the information and personal data provided are true, accurate and correct; otherwise, MoraBanc declines all responsibility for the lack of truthfulness or correctness of the data.
The applicant authorises the data provided to be communicated or shared with third parties forming part of the MoraBanc business group, entities which are primarily active in the financial, insurance and service sectors. The applicant is considered as having been informed of this transfer of information by means of this clause. The applicant accepts that he/she may be sent information on any product or service marketed by these companies.
The data processing manager is MoraBanc. The applicant is hereby informed that the rights of access, rectification, suppression or opposition may be exercised in the terms established in current legislation.
Or call us on +376 88 48 84
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