What are the products and conditions to get discounts?
Maximum discount: 1.10%.
The first review of commitments will be at month 6 and will be applied to the rate starting in month 7.
CATEGORY

DETAIL

AMOUNTS

DISCOUNT

Income (maximum 0.50%)

Income from payroll, pension, or social security payments for selfemployed persons

Salary > €600 Pension or unemployment benefits > €300 Selfemployed social security > €175. CAP assistance

0.50%

Cards (maximum 0.05%)

Credit

6 uses

0.05%

Insurance (maximum 1%)

Home Life Accident Disability

Discount for every €100 of premium (individually per contract)

0.10% for every €100 of premium

Fulfilling all the above terms and conditions you qualify for a 1% discount

Sustainable Home (maximum 0.10%)

Energy efficiency certificate

A+, A, B or sustainable home

0.10%

If also compliant with the energy efficiency certificate the discount can be 1.10% 
These products and services can be contracted separately from the mortgage under the same conditions.
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 1.10%:
GET INCOME PAID DIRECTLY TO YOUR ACCOUNT
Get your salary or unemployment benefit, Pension, SelfEmployment Social Security payment or CAP subsidies paid directly to your accounts :
 Discount of 0.50% applicable if any of the borrowers has a salary of at least €600/month paid directly into their account, or if any of the borrowers has a pension or unemployment benefit of at least €300/month paid directly into their account, or if the social security payment of one of the borrowers is at least €175/month paid directly into their account, or if any of the borrowers has CAP benefits paid directly into their account, regardless of the amount received.
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.
USE OF CARDS
Use Santander credit cards at least six times in the threemonth period leading up to the interest rate review. Maximum discount: 0.05%.
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:
 Life Risk Life insurance.
 Homeinsurance.
 Accident insurance.
 Selfemployed temporary disability insurance.
Discount of 0.10% for each €100 of annual premium, individually for each of the insurance policies taken out among those indicated above (premiums are not added up). With a maximum discount of 1%.
All the abovementioned items may yield a maximum discount of 1% when added together. Also:
ENERGY EFFICIENCY CERTIFICATE
Providing the bank with an energy efficiency certificate for the property or any of the properties subject of the mortgage, with category A+, A or B pursuant to the certificates with category A+, A or B or issued by BREEAM, LEED, VERDE or PASSIVE HOUSE: discount: 0.10% on the current nominal interest rate.
If you also provide an efficiency certificate according to the terms indicated above, you may add another 0.10% to your discount, which may reach a total discount of 1.10%.
Offer valid until 31 January 2022.
Financing subject to approval by Banco Santander. For housing free of charges and encumbrances.
This information does not replace the precontractual 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).
Minimum amount to be financed: 20.000€. Interest rate: for the first six months the nominal annual interest rate will be 1.35%. 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 2.35% (2.52% APR). 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 1.10 percentage points, resulting in a nominal annual interest rate of 1.25% (1.88% APR).
In the event of noncompliance with the commitments arising from the mortgage loan contract, there is a risk of loss of the property. In the event of nonpayment 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.
1. APR of 2,52% for a loan of €150,000 repayable in 300 monthly instalments over 25 years. An initial annual nominal rate of 1.35% will apply during the first six months and each monthly instalment will amount to €589.39. From month seven onward and for the remaining years, an annual nominal rate of 2.35% will apply, with the monthly instalment amounting to €660.25, on the assumption that the requirements for obtaining the discount of 1.10 percentage point are not met, including compulsory insurance against fire and other damage: €150/year (approximate amount, as the cost will vary depending on the insurance provider you choose).
2.
APR of 1,88%, on the assumption that the amount of the loan is €150,000 and the term is 25 years, to be repaid in 300 monthly instalments of €589.39 during the first six months, at an annual nominal interest rate of 1.35%, and of €582.58 a month from month seven onward and for the remaining years, when the annual nominal interest rate will be 1.25%, on the assumption that the requirements for obtaining the maximum discount of 1.10 percentage points are met, using the following requirements as an example: a salary of more than €600 paid directly into the bank, use of credit cards, home insurance premium of €200 per year and life insurance premium of €300 per year (for a customer aged 35. The insurance premium will be updated annually pursuant to the special terms and conditions of the policy), and energy efficiency certificate A+, A or B, as these are the most representative of the product being arranged.
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 socalled 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: €187.607,60.
When none of the conditions granting the right to a discount are met: €201.693,86.
3. 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.
4. In the event that the mortgage falls on real estate for residential use, in accordance with Law 5/2019, of March 15, regulating real estate credit agreements, the costs of constitution of mortgage will be assumed by Banco Santander when contracting with individuals, except for the costs of appraisal and Simple Note, which will be assumed by the client.
5. Insurance policies brokered by Santander Mediación Operador de BancaSeguros 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 OV0042. 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.
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. A39000013.
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).