MORTGAGES

Fixed Rate Online Mortgage with Product-Related Discounts

For a 15 year financing, up to 60% of the appraisal value, you will get:

Offer valid until 28 February 2021.
Financing subject to approval by Banco Santander. This information does not replace the FIPRE, (Precontractual Information Sheet) available on the website www.bancosantander.es and at the Bank's offices. You can visit your local branch to request the European Standardised Information Sheet (FEIN).
1. Minimum amount to be financed: 6,000 Interest rate: the first year the nominal annual interest rate will be 1.15%. After the first year, the interest rate will be reviewed annually. If none of the conditions are met, the nominal annual interest rate will be 2.15%. If the above conditions are met, the interest rate may undergo various reductions, by way of a rebate, up to a maximum of 1.00 percentage point, giving rise to a nominal annual interest rate of 1.15%.
In the event of non-compliance with the commitments derived from the mortgage guaranteed loan contract, there is a risk of loss of the home. In the event of non-payment and in all cases of early maturity, prior notification at the address you indicate for the purposes of foreclosure, the Bank may proceed against you by personal action or by real action against the mortgaged property, as you will be liable to the Bank for the payment of the loan with all your present and future assets, not only with the mortgaged property. In accordance with article 105 of the Mortgage Law and article 1911 of the Civil Code.
2. APR 2,24%, on the assumption that the amount of the loan is €150.000 and the term is 15 years, to be repaid in 180 monthly payments of €907,67 each, during the first 12 months, in which the initial annual nominal rate of 1,15 % will be applied, and of €971,18 per month during the second and remaining years, in which the annual nominal interest rate of 2,15 % will be applied, assuming that the requirements for obtaining the 1 percentage point discount are not met, including compulsory fire and other damage insurance: €150/year (indicative amount as its cost will depend on the company you choose to contract it with).
3. APR 1,81% , on the assumption that the amount of the loan is €150.000 and the term is 15 years, to be repaid in 180 monthly payments of €907,67 each, in which the annual nominal interest rate of 1.15% will be applied, assuming that the requirements for obtaining the 1 percentage point discount are met, taking the compliance with the following conditions as an example: Payment of two salaries over €1,200, payment by direct debit of 3 or more bills, use of credit and debit cards, home insurance for annual €199 and life insurance for €300 (for a client of 35 years of age. The premium of the insurance will be updated annually according to the particular conditions of the policy), as these are the most representative due to the level of contracting.
Other elements making up the total cost of the loan, included in the calculation of the APR: opening fee: 0€, maintenance fee for the account supporting the loan: 0€, appraisal costs: €278.30 (including VAT) and Nota Simple (Property Registry Certificate): €15.73 (including VAT).
The agreed mathematical formula for determining the amount of each of the repayments is as follows: Payment = Cx ix (1 + i)n / (1 + i) n-1 (*)
Where:
C= initial capital.
i= I / P x 100.
n= Number of payments.
I= Nominal interest rate.
P= Number of payments per year.
This formula is based on 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.
Total amount to be repaid (sum of the amount of the loan and the total cost of the loan): If the conditions are met granting entitlement to the maximum discount: €171.159,98.When none of the conditions granting the right to a discount are met: €176.595,08.
4. The financial loss suffered by the Bank shall be calculated, in proportion to the capital repaid, as the negative difference between the capital outstanding at the time of early repayment and the present market value of the loan. The present market value of the loan shall be calculated as the sum of the present value of the payments pending until expiry. The update interest rate will be the result of adding: (i) the Interest Rate Swap (IRS) rate for a 2, 3, 4, 5, 7, 10, 15, 20 or 30 year term, published by the Banco de España, which is closest to the remaining term from the early repayment date to the loan end date, and (ii) a margin resulting from subtracting, at the time the transaction is entered into, the value of the Interest Rate Swap (IRS) rate which is closest at that time to the end of term date from the interest rate of the transaction.
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.
6. Investment funds are products that depend on fluctuations in market prices and other variables. The value of the shares can go up as well as down, so recovery of the invested capital cannot be guaranteed. Past performance is not a reliable indicator of future results.
Investment funds involve certain risks (market, credit, liquidity, foreign exchange, interest rate, etc.), all of which are detailed in the Prospectus and the Fundamental Data for Investors (DFI) document. The nature and extent of the risks will depend on the type of fund, its individual characteristics, the currency and the assets in which the fund's capital is invested.As a result, the choice between the various types of fund must be made taking into account the investor's desire and ability to assume risk, as well as his or her return expectations and investment time horizon. Before subscribing to units of a fund, investors should read the information contained in the Prospectus and the fund's DFI, both of which are available to investors at our offices and from the Spanish National Securities Market Commission (CNMV).
Mortgage loan on the home. Lender: Banco Santander, S.A. with registered office in Santander, Paseo de Pereda, 9- 12 (39004) - M.R. Cantabria, Sheet 286, Page 64, Book 5 of Companies, Insc. 1, C.I.F. A-39000013.
If the mortgage loan on the home to be acquired is formalised in the territory of the Community of Andalusia click here (PDF 148 KB)

APPLY

BY HAVING A FIXED INTEREST RATE

You will pay the same amount each month

DISCOUNTS

Up to 1% over NIR second year

BENEFIT FROM

0% Opening fee

Not meeting conditions for the discount

	Up to 15 years	16 to 20 years	21 to 25 years	26 to 30 years
Up to 60% of appraisal	2,15% nominal 2,24% APR See conditions	2,20% nominal 2,31% APR See conditions	2,25% nominal 2,37% APR See conditions	2,30% nominal 2,43% APR See conditions
Up to 70% of appraisal	2,20% nominal 2,30% APR See conditions	2,25% nominal 2,37% APR See conditions	2,30% nominal 2,43% APR See conditions	2,35% nominal 2,48% APR See conditions
Up to 80% of appraisal	2,25% nominal 2,35% APR See conditions	2,30% nominal 2,41% APR See conditions	2,35% nominal 2,48% APR See conditions	2,40% nominal 2,53% APR See conditions

Meeting conditions for the discount

	Up to 15 years	16 to 20 years	21 to 25 years	26 to 30 years
Up to 60% of appraisal	1,15% nominal 1,81% APR See conditions	1,20% nominal 1,84% APR See conditions	1,25% nominal 1,87% APR See conditions	1,30% nominal 1,91% APR See conditions
Up to 70% of appraisal	1,20% nominal 1,87% APR See conditions	1,25% nominal 1,90% APR See conditions	1,30% nominal 1,92% APR See conditions	1,35% nominal 1,96% APR See conditions
Up to 80% of appraisal	1,25% nominal 1,91% APR See conditions	1,30% nominal 1,94% APR See conditions	1,35% nominal 1,97% APR See conditions	1,40% nominal 2,00% APR See conditions

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Not meeting conditions for the discount

	Up to 15 years	16 to 20 years	21 to 25 years	26 to 30 years
Up to 60% of appraisal	2,15% nominal 2,24% APR See conditions	2,20% nominal 2,31% APR See conditions	2,25% nominal 2,37% APR See conditions	2,30% nominal 2,43% APR See conditions
Up to 70% of appraisal	2,20% nominal 2,30% APR See conditions	2,25% nominal 2,37% APR See conditions	2,30% nominal 2,43% APR See conditions	2,35% nominal 2,48% APR See conditions
Up to 80% of appraisal	2,25% nominal 2,35% APR See conditions	2,30% nominal 2,41% APR See conditions	2,35% nominal 2,48% APR See conditions	2,40% nominal 2,53% APR See conditions

Meeting conditions for the discount

	Up to 15 years	16 to 20 years	21 to 25 years	26 to 30 years
Up to 60% of appraisal	1,15% nominal 1,81% APR See conditions	1,20% nominal 1,84% APR See conditions	1,25% nominal 1,87% APR See conditions	1,30% nominal 1,91% APR See conditions
Up to 70% of appraisal	1,20% nominal 1,87% APR See conditions	1,25% nominal 1,90% APR See conditions	1,30% nominal 1,92% APR See conditions	1,35% nominal 1,96% APR See conditions
Up to 80% of appraisal	1,25% nominal 1,91% APR See conditions	1,30% nominal 1,94% APR See conditions	1,35% nominal 1,97% APR See conditions	1,40% nominal 2,00% APR See conditions

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Amounts, terms and fees

What are the maximum amounts and terms for a primary residence?

Maximum amount: 80% of the appraisal value of the property.

Maximum term: 30 years.

The client must contribute at least 20% of the purchase price through their own funds. The term of the mortgage plus the age of the holder at the time of signing may not exceed 80 years of age.

What are the maximum amounts and terms for a second residence?

Maximum amount: 70% of the appraisal value of the property.

Maximum term:25 years.

The client must contribute at least, through their own funds, the difference between the purchase price and the amount financed. The term of the mortgage plus the age of the holder at the time of signing may not exceed 80 years of age.

What are the associated fees?

Opening fee: 0%

Commission for partial and total cancellation: One of the following conditions shall be agreed upon:

2% of the capital paid back in advance when the partial or total repayment occurs during the first 10 years of the life of the loan, or
1.5% when partial or total repayment occurs during the remaining years of the loan's life.

Under no circumstances may the compensation exceed the amount of the financial loss⁴ that the Bank would suffer.

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Amounts, terms and fees

Discover the Discount Online Fixed Mortgage

Arrange your mortgage in seven 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 get discounts that will reduce the interest you pay depending on the products you arrange.

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What are the products and conditions to get discounts?

CATEGORY	DETAILS	MINIMUM AMOUNT / ANNUAL PREMIUM	DISCOUNT
Income (maximum 50 pbs)	Payroll or income by holder Payroll or income by holder Payroll or income by holder	More than € 600 More than € 1,200 More than € 2,400	15pbs 25pbs 40pbs
Bills (maximum 10 pbs)	Paid by direct debit	3 different references	10pbs
Cards (maximum 15 pbs)	Credit or debit	6 uses	15pbs
Insurance policies (discount for each policy with no maximum limit)	Life/Health Home/Accident/Disability Others	>= € 300 >= € 199 >= € 50	15pbs 10pbs 1pbs
Pension Plans or Funds (Discount for each product and with no maximum limit)	Balance	From €5,000 to €30,000 €30,000	5pbs 10pbs
PPA (Discount for each product and with no maximum limit)	Balance	>€50,000	5pbs
Sustainable Home (Max 10pbs)	Energy Efficiency Certificate	A, A+ or sustainable home	10pbs

Maximum bonus: 100 pbs.
The first review of the commitments will be in month 12, with application on the rate from month 13.

These products and services can be contracted separately from the mortgage under the same conditions.

How to access the discounted interest rate from the second year

To access the discounted interest rate as from the second year, you can choose the products or services up to a maximum discount of 1%:

GET INCOME PAID DIRECTLY TO YOUR ACCOUNT

Get your salary or unemployment benefit, Pension, Self-Employment Social Security payment or CAP subsidies paid directly to your accounts :

0.15% Discount applicable if the salary or unemployment benefit of any of the Borrowers is at least 600 euros/month, or the Pension is at least 300 euros/month, or the Self-Employment Social Security Payment is at least 175 euros/month or, the CAP subsidies are for a minimum amount of 3,000 euros/year.
0.25% Discount applicable if the salary or unemployment benefit of any of the Borrowers is at least 1,200 euros/month, or the Pension is at least 600 euros/month, or Self-employment Social Security payment is at least 250 euros/month.
0.40% Discount applicable if the salary is at least 2,400 euros/month.

The maximum bonus for this concept will be 0.50% on the applicable nominal interest rate, irrespective of the products or services which the borrower, or borrowers if there are several, may have contracted.

BILLS

Pay at least 3 bills by direct debit with different reference, through an account held by the borrower at the Bank during the 3 months prior to the loan review, which have not bounced and for an amount greater than 0 euros. Bonus: 0.10%.

USE OF CARDS

Use Santander debit or credit cards 6 times in the three months prior to the revision of the interest rate. Bonus: 0.15%.

INSURANCE POLICIES

To have contracted and in effect any insurance policy marketed by Santander Generales Seguros y Reaseguros, S.A. or by Santander Vida Seguros y Reaseguros, S.A. or Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.⁵ with the following conditions:

Risk Life or Health Insurance: 0.15% discount for each policy taken out if the annual premium is equal or greater than €300.
Home or Accident or Temporary Disability Insurance: 0.10% discount for each policy taken out if the annual premium is equal or greater than €199.
Other Insurance Policies: 0.01% discount if the annual premium is equal or greater than €50.
Social Security Insurance Scheme (PPA) with a balance greater than or equal to €50,000 in the last 12 months: 0.05% discount.

INVESTMENT PRODUCTS

To have contracted Investment/Provision products:

Pension Plans/EPSV with the Management Entity Gestora Santander Pensiones, S.A EGGP; marketed and promoted by the Bank: a discount of 0.05% for balance above 5,000 euros and below 50,000 euros, or a discount of 0.10% for balance equal to or above 50,000 euros.
Investment Funds or Portfolios managed by Santander Asset Management, S.A., S.G.I.I.C marketed by the Bank6: a 0.05% discount if the net asset value of the Fund or of the managed Portfolio is greater than 5,000 euros and less than 30,000 euros, or a 0.10% discount if the net asset value of the Fund or of the managed Portfolio, or of each of the Investment Funds or managed portfolios if they have several contracts, is equal to or greater than 30,000 euros.

ENERGY EFFICIENCY CERTIFICATE

Provide the Bank with an Energy Efficiency Certificate for the property or any of the properties subject to mortgage, with category A or A+ or in accordance with the appropriate certificates issued by recognised companies in the sector: discount: 0.10% on the nominal interest rate in force.

Offer valid until 28 February 2021.
Financing subject to approval by Banco Santander. This information does not replace the FIPRE, (Precontractual Information Sheet) available on the website www.bancosantander.es and at the Bank's offices. You can visit your local branch to request the European Standardised Information Sheet (FEIN).
1. Minimum amount to be financed: 6,000 Interest rate: the first year the nominal annual interest rate will be 1.15%. After the first year, the interest rate will be reviewed annually. If none of the conditions are met, the nominal annual interest rate will be 2.15%. If the above conditions are met, the interest rate may undergo various reductions, by way of a rebate, up to a maximum of 1.00 percentage point, giving rise to a nominal annual interest rate of 1.15%.
In the event of non-compliance with the commitments derived from the mortgage guaranteed loan contract, there is a risk of loss of the home. In the event of non-payment and in all cases of early maturity, prior notification at the address you indicate for the purposes of foreclosure, the Bank may proceed against you by personal action or by real action against the mortgaged property, as you will be liable to the Bank for the payment of the loan with all your present and future assets, not only with the mortgaged property. In accordance with article 105 of the Mortgage Law and article 1911 of the Civil Code.
2. APR 2,24%, on the assumption that the amount of the loan is €150.000 and the term is 15 years, to be repaid in 180 monthly payments of €907,67 each, during the first 12 months, in which the initial annual nominal rate of 1,15 % will be applied, and of €971,18 per month during the second and remaining years, in which the annual nominal interest rate of 2,15 % will be applied, assuming that the requirements for obtaining the 1 percentage point discount are not met, including compulsory fire and other damage insurance: €150/year (indicative amount as its cost will depend on the company you choose to contract it with).
3. APR 1,81% , on the assumption that the amount of the loan is €150.000 and the term is 15 years, to be repaid in 180 monthly payments of €907,67 each, in which the annual nominal interest rate of 1.15% will be applied, assuming that the requirements for obtaining the 1 percentage point discount are met, taking the compliance with the following conditions as an example: Payment of two salaries over €1,200, payment by direct debit of 3 or more bills, use of credit and debit cards, home insurance for annual €199 and life insurance for €300 (for a client of 35 years of age. The premium of the insurance will be updated annually according to the particular conditions of the policy), as these are the most representative due to the level of contracting.
Other elements making up the total cost of the loan, included in the calculation of the APR: opening fee: 0€, maintenance fee for the account supporting the loan: 0€, appraisal costs: €278.30 (including VAT) and Nota Simple (Property Registry Certificate): €15.73 (including VAT).
The agreed mathematical formula for determining the amount of each of the repayments is as follows: Payment = Cx ix (1 + i)n / (1 + i) n-1 (*)
Where:
C= initial capital.
i= I / P x 100.
n= Number of payments.
I= Nominal interest rate.
P= Number of payments per year.
This formula is based on 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.
Total amount to be repaid (sum of the amount of the loan and the total cost of the loan): If the conditions are met granting entitlement to the maximum discount: €171.159,98.When none of the conditions granting the right to a discount are met: €176.595,08.
4. The financial loss suffered by the Bank shall be calculated, in proportion to the capital repaid, as the negative difference between the capital outstanding at the time of early repayment and the present market value of the loan. The present market value of the loan shall be calculated as the sum of the present value of the payments pending until expiry. The update interest rate will be the result of adding: (i) the Interest Rate Swap (IRS) rate for a 2, 3, 4, 5, 7, 10, 15, 20 or 30 year term, published by the Banco de España, which is closest to the remaining term from the early repayment date to the loan end date, and (ii) a margin resulting from subtracting, at the time the transaction is entered into, the value of the Interest Rate Swap (IRS) rate which is closest at that time to the end of term date from the interest rate of the transaction.
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.
6. Investment funds are products that depend on fluctuations in market prices and other variables. The value of the shares can go up as well as down, so recovery of the invested capital cannot be guaranteed. Past performance is not a reliable indicator of future results.
Investment funds involve certain risks (market, credit, liquidity, foreign exchange, interest rate, etc.), all of which are detailed in the Prospectus and the Fundamental Data for Investors (DFI) document. The nature and extent of the risks will depend on the type of fund, its individual characteristics, the currency and the assets in which the fund's capital is invested.As a result, the choice between the various types of fund must be made taking into account the investor's desire and ability to assume risk, as well as his or her return expectations and investment time horizon. Before subscribing to units of a fund, investors should read the information contained in the Prospectus and the fund's DFI, both of which are available to investors at our offices and from the Spanish National Securities Market Commission (CNMV).
Mortgage loan on the home. Lender: Banco Santander, S.A. with registered office in Santander, Paseo de Pereda, 9- 12 (39004) - M.R. Cantabria, Sheet 286, Page 64, Book 5 of Companies, Insc. 1, C.I.F. A-39000013.
If the mortgage loan on the home to be acquired is formalised in the territory of the Community of Andalusia click here (PDF 148 KB)

Start now

Take out your online mortgage in 7 easy steps.

CALCULATE YOUR MONTHLY PAYMENT