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By having a fixed interest rate
you will pay the same amount each month.
Discounts
up to 1,00% over NIR from the seventh month.
Benefit from
0% Opening fee.
Take out your fixed mortgage in
3 simple steps and with a personal service
What's more, you will have the security of always paying the same repayment amount throughout the term of your mortgage.
A favourable rate for the six first months
You will get a fixed rate of 2.96% NIR during the first 6 months and 3.96% NIR from the seventh month (APR 4.16%).
Bonuses that could improve your monthly repayment
Choose the products that best suit you, which could give you a 1.00% bonus on the NIR from month seven onwards, subject to conditions.
No arrangement fee
Benefit from a 0% arrangement fee.
Discover the Discount Fixed Mortgage
Arrange your mortgage in simple steps quickly and hassle-free. This financing is available for your primary or second residence. It offers you:
Fixed interest rate:
Security in relation to Euribor activity. You will know what your monthly instalment will be throughout the term.
A mortgage adapted to you:
Because you can earn rate reductions starting from the seventh month that will reduce the interest you pay, depending on the products you hold.
How can I access the discounted interest rate starting the seventh month?
To obtain the discounted interest rate from the seventh month onwards you can choose between the following products or services up to a maximum discount of 1.00%:
Income and payments4
Set up the direct deposit of a salary, unemployment benefit, pension, self-employed social security contribution payments or CAP aid (Common Agricultural Policy):
- Applies when any of the borrowers have set up the direct deposit of their salary for at least €1,000/month, or if any of the borrowers have set up the direct deposit of their pension or unemployment benefit of at least €600/month, or self-employed workers who set up the direct deposit for their social security contributions of at least €175/month, except for residents in Ceuta and Melilla, for whom social security contributions must be at least €75/month, or if any of the borrowers has set up direct debit for CAP aid, regardless of the amount received.
In addition, borrowers must either have the "BIZUM" payment service activated with the bank or have used a credit card issued by the bank at least SIX (6) times in the three months immediately prior to the date on which the bank checks that these conditions are met.
The credit card will be deemed to have been used if any of the following transactions or services have been carried out: cash withdrawals at ATMs, purchases at merchants, or credit-to-account transfers (where money is transferred from the card’s credit limit to the linked account).
The interest rate reduction for this item will be 0.50% of the agreed annual nominal interest rate from the seventh month onwards, regardless of the products or services that the borrower(s) may have arranged.
Insurances policies5
Have taken out and currently hold any of the following insurance policies: Home Insurance from Santander Generales Seguros y Reaseguros, S.A., Loan Protection Insurance from Santander Vida Seguros y Reaseguros, S.A. or from Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., Life Insurance from Santander Vida Seguros y Reaseguros, S.A., Accident Insurance or Temporary Disability Insurance for Self-Employed Workers from Santander Generales Seguros y Reaseguros, S.A., Health Insurance from Santander Vida Seguros y Reaseguros, S.A., under a co-insurance arrangement with Aegon España S.A.U. de Seguros y Reaseguros, or Car Insurance from Santander MAPFRE Seguros y Reaseguros, S.A.; marketed by Santander Mediación Operador de Banca-Seguros Vinculado S.A., with Tax ID code A28360311, through its distribution network, Banco Santander, S.A.
- Home Insurance qualifies for an interest rate reduction of 0.20% for each policy arranged, provided that the annual premium of each policy is higher than €300.
- Loan Protection Insurance, in which the insurance coverage is agreed upon with the purpose of ensuring that the lending entity receives preferential payment of the amounts owed at that time for the loan granted to the insured in the event of contingencies covered by the policy, qualifies for an interest rate reduction of 0.30% for each policy arranged, provided that the annual premium of each policy is higher than €300.
- Life Insurance, Accident Insurance or Temporary Disability Insurance for the Self-Employed, Health Insurance, and Auto Insurance from Santander MAPFRE Seguros y Reaseguros, S.A. These insurance policies qualify for an interest rate reduction of 0.10% for each policy arranged, provided that the annual premium of each policy is higher than €200.
The maximum interest rate reduction for arranging these insurance policies will be 1.00% of the agreed annual nominal interest rate from the seventh month onwards.
Investment/pension products6
Have purchased any of the following Investment/Savings products, which must be still valid: Pension Plans/EPSV of the Managing Entity Santander Pensiones, S.A. EGGP, marketed by the Bank, on behalf of one or all of the borrowers. Investment Funds managed by one of the managing entities of the Santander Group, or Investment Funds managed by third-party entities not belonging to the Santander Group and marketed by the Bank on behalf of one or all of the borrowers, SELECCIÓN Portfolios managed by the Managing Entity Santander Asset Management, S.A., S.G.I.I.C, on behalf of one or all of the borrowers, Savings Insurance of Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., marketed by Santander Mediación Operador de Banca-Seguros Vinculado S.A. on behalf of one or all of the borrowers.
Interest rate reduction of 0.10%, provided that the product amount is equal to or greater than €10,000.
The maximum interest rate reduction for arranging out these investment/pension products will be 0.30% of the agreed annual nominal interest rate from the seventh month onwards.
Personal service from start to finish
You can rely on your personal manager to clear up any doubts and solve any issues that may arise throughout the process, regardless of the device you are using to apply for your mortgage or of where you are located. Here are just a few of the advantages of having a personal manager at your disposal:
Personal support at all times
You will receive full management services tailored to you in the arrangement, advisory, processing and consultation phases of your mortgage application.
Wherever you are, whenever you need it
Personal service from your manager, which you can request through any of the available channels: call, video call, chat or email.
Easy, fast and tailored to you
We thoroughly assess your case and tailor everything to your needs.
Amounts, terms and fees
- Maximum amount: 80% of the appraisal value of the property.
- Maximum term: 30 years.
- Maximum amount: 70% of the appraisal value of the property.
- Maximum term:25 years.
- For both primary and secondary residences, customers must provide, through their own funds, at least the difference between the sale price and the amount financed. The length of the mortgage plus the holder's age may not add up to more than 80 years.
Opening fee: 0%.
Compensation or commission for total or partial early repayment or repayment. In the event of a full or partial early repayment or repayment, the borrowing party shall compensate the Bank. Such compensation shall consist of:
- In 2% of the capital repaid in advance, if the advance repayment takes place during the first 10 years of the loan.
- At 1.5% of the capital repaid in advance, if early depreciation occurs at a later date.
- Under no circumstances may the compensation exceed the amount of the financial loss7 that the Bank would suffer.
They will be assumed8 by Banco Santander when contracting with natural persons, except for appraisal expenses, which will be assumed by the client.
*The conditions detailed here apply to the contracting of the mortgage online. You can check other offers at your nearest branch.
1. Offer ends on August 15, 2026. Financing subject to approval by Banco Santander. For housing free of charges and encumbrances. This information does not replace the pre-contractual information file, available at www.bancosantander.es and at the Bank's offices. You can visit your local branch to request the European Standardised Information Sheet (FEIN). In case of proceeding with the proposal, the rest of the mandatory pre-contractual documentation will be delivered. Minimum amount to be financed: 20.000€. Interest rate: for the first six months the nominal annual interest rate will be 2.96% NIR. After the first six months, the interest rate will be reviewed annually. If none of the specified conditions are met, the annual nominal interest rate will be 3.96% NIR (4.16% APR2). If the above terms conditions are met, the interest rate may be reduced in various ways, by way of a discount, up to a maximum of 1.00 percentage point, resulting in a nominal annual interest rate of 2.96% NIR (3.65% APR3). In the event of non-compliance with the commitments arising from the mortgage loan contract, there is a risk of loss of the property. In the event of non-payment and in all cases of mortgage acceleration, the bank may, after sending prior notification to the address you indicated for mortgage foreclosure purposes, pursue personal action against you or move to foreclose the mortgaged property. You will therefore be liable as before the bank for repaying the loan with all your present and future assets as well as the mortgaged property. According to Article 105 of Spanish Mortgage Law and Article 1911 of the Civil Code.
2. APR 4.16%, calculated in accordance with the formula that appears in Annex II of Law 5/2019, of March 15, regulating real estate credit contracts, for a loan amounting to €150,000 and the term of 30 years, to be repaid in 360 monthly installments of €629.17 each, during the first 6 months, in which the initial annual nominal rate of 2.96% NIR will be applied, and €711.48 per month each one, from the seventh month and the rest of the years, in which the annual nominal interest rate of 3.96% NIR will be applied, based on the hypothesis that the requirements to obtain the 1.00 percentage point bonus are not met, including mandatory fire and other damage insurance: €150/year (approximate amount since its cost will depend on the company with which you choose to hire it). Total cost of the loan €110,441.93 (including interest amounting to €105,639.43). Total amount due (sum of the loan amount and the total cost of it): €260,441.93. Price subject to risk analysis.
3. The APR 3.65%, calculated in accordance with the formula that appears in Annex II of Law 5/2019, of March 15, regulating real estate credit contracts, for a loan amounting to €150,000 and the term of 30 years, to be repaid in 360 monthly installments €629.17 each at which an annual nominal interest rate of 2.96% TIN will be applied, assuming the conditions indicated for accessing the 1.00 percentage point interest rate reduction, with the example of meeting the following conditions: setting up a direct deposit of a salary of more than €1,000 and arranging Bizum or credit card services with the bank, with a home insurance policy with a €300 annual premium, loan protection insurance with a €300 annual premium and life insurance with a €300 annual premium (for a 35-year-old male customer). The insurance premium will be updated annually as set out in the specific conditions of the policy, as these are the most representative due to frequency of arrangement. The first review of the commitments will be in month 6, with application on the interest rate on month 7, and the successive revisions will be carried out annually.
Total cost of the loan €94,806.48 (including interest amounting to €76,503.98). Total amount due (sum of the amount of the loan and the total cost of it): €244,806.48. Price subject to risk analysis.
For examples 2 and 3, other elements that make up the total cost of the loan, included in the calculation of the APR: opening commission: €0, maintenance commission for the loan support account (necessary for contracting the loan): €0, and appraisal expenses: €302.50 (VAT included).
The agreed mathematical formula to determine the amount of each of the repayment instalments is as follows:
Repayment = Cx ix (1 + i)n / (1 + i)n-1 (*)
(*) Where:
C= Pending capital.
i= I / P.
n= Number of pending repayments.
I= Nominal interest rate.
P= Number of payments per year.
The mathematical formula used to calculate interest for a given month is as follows:
Interest = C x i(*)
(*) Where:
C = Principal pending.
i = I/P.
I = Nominal interest rate.
P = Number of settlements per year.
The mathematical formula used to calculate the amortization of principal for a given month is as follows:
Quota-Interest(*)
(*) Both the calculation of the installment and the interest are explained in the formulas detailed above.
This formulas follow the so-called "French amortisation system, which means that the loan capital and interest are repaid in constant periodic payments, i.e. of the same amount, as long as there is no change in the applicable interest rate. Since interest accrues on the amount of principal outstanding, as time goes by the amount of the payment destined to repay the capital becomes greater, while the amount corresponding to the payment of interest will decrease, because the outstanding capital will be less. If, when the interest rate is revised, there is an increase in the interest rate applicable to the loan, the payment amount will increase. If, on the other hand, the applicable interest rate is lowered, the payment amount will decrease.
4. If there are several borrowers who have set up direct deposits (salary, pension, etc.) and direct debits (bills), and if several of them meet the conditions set out to determine their eligibility for the interest rate reduction, only the direct deposits or debits of one of the borrowers who meets the conditions will be taken into account. Moreover, the direct deposits or direct debits of a single borrower or of all borrowers will not be added together to reach the minimum amounts provided for in that section for the purposes of receiving the interest rate reduction. Accordingly, only the interest rate reduction stated for each borrower that meets the minimum amount requirements will be granted, in relation to their salary, unemployment benefit or pension or social security contributions in the case of self-employed workers.
5. Insurance policies brokered by Santander Mediación Operador de Banca-Seguros Vinculado S.A., N.I.F. A28360311, through its distribution network Banco Santander S.A. Operator registered in the Registry of the Directorate General of Insurance and Pension Funds under number OV-0042. Civil liability and financial capacity covered according to current legislation. Check the Insurance Companies with which the Operator has an Agency Agreement for the distribution of insurance products at www.santandermediacionobsv.com. In all cases, if there are several borrowers and they are all policyholders, the insurance policy will only be taken into account once to determine the corresponding interest rate reduction.
6. The interest rate reduction will be applied individually for each Pension Plan/EPSV, Investment Fund, managed SELECCIÓN Portfolio or Savings Insurance policy that meets the minimum amount indicated above. Therefore, for these purposes, the amounts of the consolidated rights of different Pension Plans/EPSV arranged, the net asset value of several Investment Funds, the value of the assets of the managed SELECCIÓN Portfolio or the accumulated value in each Savings Insurance policy will not be combined. In all cases, if there are several borrowers and they are all holders of a Pension Plan/ESPV, Investment Fund, managed SELECCIÓN Portfolio or Savings Insurance policy, these products will only be taken into account once to determine the corresponding interest rate reduction.
7. The financial loss suffered by the bank will be calculated, in proportion to the principal repaid, according to the negative difference between the principal payable at the time of early repayment and the present market value of the loan. The present market value of the loan will be calculated as the sum of the present value of the instalments payable up to the next interest rate review or up to its due date and the present value of the principal that remains payable at the time of the review if no early repayment occurs. The updated interest rate will be the sum of: (i) the Interest Rate Swap (IRS) for 2, 3, 4, 5, 7, 10, 15, 20 or 30-year periods published by the Bank of Spain that is closest to the remaining term from the date of early repayment up to the interest rate review date or up to its due date; and (ii) a spread resulting from subtracting the value of the Interest Rate Swap (IRS) referred to in the previous section from the interest rate of the transaction, using the latest data published by the Bank of Spain on the date closest to that on which the loan is arranged.
8. If the mortgage refers to properties for residential use, pursuant to Law 5/2019 of 15 March regulating real estate credit, the mortgage arrangement costs will be borne by Banco Santander in agreements with natural persons, excluding the appraisal costs, which will be borne by the customer. Home mortgage loan.
Lender: Banco Santander, S.A with registered office at Santander, Paseo de Pereda, 9- 12 (39004) – Cantabria Mercantile Registry, Sheet 286, Folio 64, Companies Book 5, entry 1, Tax ID code A-39000013. If the mortgage loan on the property is arranged in the autonomous region of Andalusia, click here.
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