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Fixed Rate Mortgage with Product-Related Discounts
Information for 25-year financing1, and up to 80% of the appraised value for the purchase of your first home. Offer available for online booking*
- Fixed Rate 2.55% NIR for the first six months and up to 3.55% NIR from the seventh month, without meeting conditions: APR 3.74%2.
- Fixed Rate 2.55% NIR for the first six months and 2.45% NIR from the seventh month, meeting conditions: APR 3.07%3.
By having a fixed interest rate
You will pay the same amount each month
Discounts
Up to 1,10% over NIR from the seventh month
Benefit from
0% Opening fee
A favourable rate for the six first months
You will get a fixed rate of 2.55% NIR during the first 6 months and 3.55% NIR from the seventh month (APR 3.74%).
Bonuses that could improve your monthly repayment
Choose the products that best suit you, which could give you a 1.10% 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 get discounts that will reduce the interest you pay depending on the products you arrange from the seventh month.
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, Self-Employment 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 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 three-month period leading up to the interest rate review. Discount: 0.05%.
Insurances policies
Currently have any of the following insurance: Risk Life Insurance from Santander Vida Seguros y Reaseguros, S.A. or from Santander Seguros y Reaseguros, Compañía Aseguradora, S.A., Seguros de Hogar de Santander Generales Seguros y Reaseguros, S.A. or Accident or Temporary Disability Insurance for Freelancers from Santander Generales Seguros y Reaseguros, S.A., all sold by Santander Mediación Operador de Banca-Seguros Vinculado S.A., with tax no. A28360311, through its distribution network, Banco Santander, S.A6.
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).
Alarms
Have arranged the rental, through Banco Santander, S.A., of a security system, where the provider of the services associated with the system is MOVISTAR PROSEGUR ALARMAS, S.L., as long as the rent is charged directly (and not returned) to an account held at the bank in the borrower's name, or in the name of one of the borrowers if there are more than one.
In order to enjoy this discount once the rental ends, and for the remainder of the mortgage term, the borrower/s must keep the alarm maintenance service active, through MOVISTAR PROSEGUR ALARMAS, S.L., and the bills for the service must be charged directly (and not returned) to an account held at the bank in the borrower's name or in the name of one of the borrowers if there are more than one. Discount: 0.20%.
All the sections indicated above may give a maximum bonus of 1% with the sum of all of them.
Energy efficiency certificate
If you also provide a certificate of efficiency in the terms indicated below, you can add 0.10% more to your bonus, being able to reach a total bonus of 1.10%.
Provide the Bank with an Energy Performance Certificate of the property or any of the properties subject to mortgage, with energy efficiency rating A or B for each of the numerical indicators contained in that Certificate (non-renewable primary energy consumption and CO2 emissions; i.e. AA, AB, BA, or BB rating) or if any of the certificates indicated below are provided: BREEAM EXCELLENT, BREEAM EXCEPTIONAL, LEED GOLD, LEED PLATINUM, PASSIVE HOUSE CLASSIC, PASSIVE HOUSE PLUS, PASSIVE HOUSE PREMIUM or GREEN Certificates whatever the qualification of the same.
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 loss that the Bank would suffer.
They will be assumed 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 November 15, 2025. 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 2.55% 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 3.55% NIR (3.74% 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 1.10 percentage points, resulting in a nominal annual interest rate of 2.45% NIR (3.07% 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 3.74%, 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 25 years, to be repaid in 300 monthly installments of €676.71 each, during the first 6 months, in which the initial annual nominal rate of 2.55% NIR will be applied, and €753.55 per month each one, from the seventh month and the rest of the years, in which the annual nominal interest rate of 3.55% NIR will be applied, based on the hypothesis that the requirements to obtain the 1.10 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 €79,656.46 (including interest amounting to €75,603.96). Total amount due (sum of the loan amount and the total cost of it): €229,656.46. Price subject to risk analysis.
3. The APR 3.07%, 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 25 years, to be repaid in 300 monthly installments €676.71 each during the first 6 months in which an annual nominal interest rate of 2.55% NIR and €669.29 per month each will be applied, from the seventh month and the rest of the years, in which the annual nominal interest rate of 2.45% NIR will be applied, based on the hypothesis that the indicated conditions are met to access the bonus of 1.10 percentage points, taking As an example, compliance with the following conditions: direct debit of salary of more than €600, use of credit cards, with home insurance €200 per year and life insurance €300 per year (for a 35-year-old client. The insurance premium will be updated annually as established in the particular conditions of the policy) and the Energy Efficiency Certificate A, B for each of the numerical indicators that appear in that Certificate (consumption of non-renewable primary energy and CO2 emissions; that is, rating AA, AB, BA, or BB) or CEE issued by BREEAM, LEED, VERDE or PASSIVE HOUSE as these are the most representative for their level of contracting. The first review of the commitments will be in month 6, with application on the interest rate in month 7, and the successive revisions will be carried out annually.
Total cost of the loan €63,634.02 (including interest amounting to €50,831.52). Total amount due (sum of the amount of the loan and the total cost of it): €213,634.02. 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. 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 that results from subtracting from the interest rate of the operation the value of the Interest Rate Swap (IRS) referred to in the previous section, considering the latest data published by the Bank of Spain on the date that most closely approximates the contracting of the loan.
5. 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, which will be assumed by the client.
6. 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. 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).