Mortgages
Variable Rate Mortgage with Product-Related Discounts
Information for a 25-year loan1 and up to 80% of the appraisal value for the purchase of your first home. Offer available for online booking*
- 1.84% APR for the first six months Euribor +1.84% NIR from the seventh month onwards, without fulfilling conditions: APRVariable 4.10%2.
- 1.84% APR for the first six months and Euribor +0.74% NIR from the seventh month onwards, fulfilling conditions. APRVariable 3.44%3.
Periodic revisions of the interest rate
to pay according to the Euribor
Discounts
Up to 1,10% over NIR from the seventh month
Benefit from
0% Opening fee
For your main residence or second home
Regardless of whether you want to buy your main residence or your second home, you can opt for this mortgage loan.
With discounts to reduce your monthly payment
You can hire products to get discounts on the interest applicable to your monthly payments from the seventh month.
What are the products and conditions that give 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. .
Fulfilling all the above terms and conditions you qualify for a 1% discount
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, 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 6 times in the three months prior to the revision of the interest rate. Discount: 0.05%.
Insurance 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.A4.
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 an efficiency certificate according to the terms indicated bellow, you may add another 0.10% to your discount, which may reach a total discount 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.
Amounts, terms and fees
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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.
Opening5 fee: 0%.
Compensation or commission for full or partial reimbursement or early repayment: One of the following conditions shall be agreed upon:
- 0.25% of the capital paid back in advance when the partial or total repayment occurs during the first three years of the life of the loan, or
- 0.15% when the partial or total repayment occurs during the first five years of the life of the loan, or
Under no circumstances may the compensation exceed the amount of the financial loss that the Bank would suffer.
They will be assumed6 by Banco Santander when contracting with individuals, with the exception of 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 valid until October 15, 2025.Financing subject to approval by Banco Santander. For housing free of fees and charges.
This information does not repace 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. After the first six months, the interest rate will be variable and will be reviewed annually. If none of the conditions indicated are met, the interest rate will be Euribor 1.84% (APRVariable: 4.10%2). If the conditions indicated are met, the interest rate may undergo various reductions, as a bonus, up to a maximum of 1.10 percentage points, giving rise to an annual nominal interest rate of Euribor +0.74 NIR (APRVariable: 3.42%2). In the event of non-compliance with the commitments arising from the loan contract secured by a mortgage, there is a risk of loss of the property. In the event of non-payment and in all cases of early maturity, upon notification at the address you indicate for foreclosure purposes, the Bank may proceed against you by personal action or by real action against the mortgaged property, since you will be liable to the Bank for payment of the loan with all your present and future assets, not only with the mortgaged property (article 105 of the Mortgage Law and 1911 of the Civil Code).
2. APRVariable 4.10%, 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 term of 25 years, to be repaid in 300 monthly installments of €624.16 each, during the first 6 months, in which the initial annual nominal rate of 1.84% NIR will be applied, and €748.78 per month each to from the seventh month and other years, in which the annual nominal interest rate of Euribor +1.84% NIR will be applied in the event that none of the indicated conditions is met, including compulsory fire insurance in the calculation and other damages: €150 /year, (approximate amount since its cost will depend on the company with which you choose to hire it).
Total cost of the loan €88,522.78 (including interest amounting to €84,470.28). Total amount owed (sum of the amount of the loan and its total cost): €238,522.78. Price subject to risk analysis.
3. APRVariable: 3.42% 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 term over 25 years, to be repaid in 300 monthly installments of €624.16 each, during the first 6 months, in which the initial annual nominal rate of 1.84% NIR will be applied, and €698.55 per month each from the seventh month and the rest of the years, in which the annual nominal interest rate of Euribor + 0.74% NIR will be applied, based on the hypothesis that the indicated conditions are met to access the maximum bonus of 1.10 percentage points, taking as an example the fulfillment of 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 pursuant to the special terms and conditions of the policy) an A, 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 CEE Energy Performance Certificate issued by BREEAM, LEED, VERDE or PASSIVE HOUSE, as these are the most representative bearing in mind the frequency with which they are arranged. 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 €71,921.16 (including interest amounting to €59,118.66). Total amount owed (sum of the amount of the loan and its total cost): €221,921.16. Price subject to risk analysis.
The VariableAPR in examples 2 and 3 has been calculated under the assumption that the benchmarks do not vary and, therefore, this will vary with the revisions of the interest rate, which will be carried out on an annual basis; It may also vary depending on the amount and the term. (The benchmark used is Euribor 12 months. Euribor published in the BOE in September of 2025: 2.114%).
For examples 2 and 3, other elements that make up the total cost of the loan, opening commission: €0, maintenance commission for the loan support account (necessary for contracting the loan): 0€, Appraisal costs: €302.50 (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= Outstanding principal.
i= I / P.
n= Number of outstanding installments.
I= Nominal interest rate.
P= Number of payments per year.
The mathematical formula used to calculate the interest for a given month is as follows: Interest = C x i(*)
(*) Where:
C = Outstanding principal.
i = I/P.
I = Nominal interest rate.
P = Number of payments per year.
The mathematical formula used to calculate the principal repayment for a given month is as follows: Installment-Interest(*)
(*) Both the calculation of the installment and the interest are explained in the formulas detailed above.
This formulas are 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.
4. 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.
5. 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 outstanding payments until the next interest rate review or until the due date and the present value of the outstanding capital that would remain at the time of the review in the absence of early repayment. 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 interest review date or the loan end date, and (ii) a spread 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 closest date to contracting the loan.
6. 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.
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).