I want a mortgage offer
Prepayment
You can make partial repayments or pay back your mortgage in full whenever you want.Customised offer
Request a non-binding customised offer. You can work out the costs with real figures: instalments, taxes, etc.Personal manager
You will always have the help and assistance of a personal manager.
No commitment
Calculate your instalment and request your customised offer, all online.
You can improve the interest rate on your mortgage by meeting certain conditions.
Some Bankinter products reduce and improve the interest rate on your mortgage. There's no obligation to arrange them, but you'll pay less for your mortgage if you do:
- Opening a Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount (discount of 0.60 percentage points).
- Comprehensive home insurance with a minimum content coverage of €30,000.00 and structure coverage at least equivalent to the appraisal value of the property for insurance purposes, pursuant to Order ECO805/2003 of 27 March, arranged with Generali Seguros y Reaseguros, S.A.U. and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).
- and/or Pension Plan/EPSV (discount of 0.10 percentage points).
Compliance with eligibility for discounts will be reviewed annually.
Without adding anything to your mortgage
Management, registration, notary expenses and stamp duty.
The variable interest rate will be reviewed annually.
Offer valid until -
Frequently asked questions about the Bankinter Variable-Rate Mortgage
How long are these conditions valid for?
Offer valid until -- or until the total amount offered (750 million euros) has been reached. The mortgage is provided subject to the application being approved by Bankinter, S.A.
Who can apply for a variable-rate mortgage?
Exclusive conditions for individuals who are resident in Spain and looking to buy their primary residence or second home. For holders with a monthly income of more than €2,500.
Can I request a mortgage if I am a foreigner or non-resident?
Ask about our terms and conditions for foreigners and non-residents.
What if I want to transfer my mortgage from another bank?
Talk to us, with no strings attached.
What is the maximum and minimum amount I can request?
The mortgage amount may not exceed 80% for a primary residence and 60% for a second home, using a reference the lower of the two values: the property's purchase price or appraisal value.
The minimum is 60,000 euros.
If you are under 36 years old, you can obtain up to 90% of the property value with our mortgages for young people.
What is the maximum number of years?
The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.
What are the costs of a fixed-rate mortgage?
The customer pays the appraisal cost and the arrangement fee of 500 euros.
The Bank will pay the expenses of the notary, registry, management agency and stamp duty (the amount of which varies depending on the autonomous community where the mortgage is arranged), except in the autonomous community of the Basque Country (where the customer pays such costs, except for the acquisition of a primary residence which is exempt from this tax).
What is the Euribor?
The Euro Interbank Offered Rate.
European banks lend money to each other for which they pay interest. These loans can have different terms. The average of the interest rates offered by European banks is calculated and that is the Euribor. However, only 44 of Europe's biggest banks - the main ones - are involved in the process.
The Euribor for each term is published daily at 11 o'clock in the morning. Previously banks had to report their interest rates over the previous 24 hours, and the arithmetic mean of these rates was taken, eliminating the highest 15% and the lowest 15% to give the Euribor for each term.
What is the NIR and the APR?
The NIR, or nominal interest rate, is the percentage added to the principal as a cost or return on any form of debt or savings (loans, deposits, bonds, etc.). The NIR is expressed as a percentage and always refers to a specific period of time (monthly, annual). Each banking institution is free to set the nominal interest rate it applies to its products.
Unlike the NIR or nominal interest rate, the APR, or annual percentage rate, takes into account the expenses and fees associated with the loan or credit. Consequently, this is the most useful benchmark for comparing mortgages of the same type and term.
How can I improve the interest rate?
The interest rate varies depending on the term you choose and the discounts applied.
The following products are optional. However, if they are not included the rate applied will be increased by the percentage points corresponding to the sum of each of the products not included.
- Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Heritage: throughout the entire term of the loan, to have arranged various products, such as Deposits and/or portfolio management products (delegated investment, delegated asset management and private advisory service) worth 10% of the mortgage amount (€15,000 in this case). Balances in demand accounts and derivative products will not be taken into account for calculating the assets. (discount of 0.70 percentage points).
Compliance with eligibility for discounts will be reviewed annually.
What documents do I need to supply to apply for a mortgage?
The Bank will usually request the following information: the ID number of the applicant(s) for the mortgage, the deeds of other properties owned, the personal income tax return for the last year, the deposit contract or deposit, if it has already been signed, etc. And the best thing is that you can calculate your mortgage and ask us for a customised offer. One of our managers will help you in this process and will ask you for the documents needed in your case. Help will be available at all times.
What is the difference between interest rates with and without discounts?
We offer optional products and services as a package for the customer when arranging the mortgage. If the customer does not want these combined products and services, the spread or interest rate increases, depending on whether it is a variable- or fixed-rate mortgage.
At Bankinter, we help you understand the small print that is so hard to read. We set it out with representative examples.
KEY INFORMATION
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The monthly instalments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding instalments in the transaction, minus 1, all multiplied by the principal pending repayment ('interest' is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the repayment amount (the result of subtracting the interest from the instalment).
The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrower has a total income of at least €70,000 per year.
If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.
The loan amount may not exceed 80,00% of the lower of these two values: the property purchase value or the appraisal value. For second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.
Other mortgages you may be interested in
Dual mortgage
Content Dual mortgageFixed-rate mortgage
Content Fixed-rate mortgageWant more information?
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Information about the use of your personal data
1. Who is the data controller?
The data controller is Bankinter, S.A. (“Bankinter”) with Tax ID Number A28157360 and registered office at Paseo de la Castellana, 29 (28046 Madrid).
2. Why do we process your data?
We process the data you supply to obtain the necessary information for this application and, where appropriate, to complete your purchase the product in question.
3. What is the legal basis for processing your data?
The legal basis is the purpose explained in the previous paragraph, namely to obtain necessary information for your application. Accordingly, if you refuse to supply the personal data requested, or if you supply inaccurate or incomplete data, we may not be able to provide you with the service. You are responsible for ensuring the truthfulness of the data provided, and for notifying Bankinter if there is any change to your data.
4. Who will receive your data?
Unless legally obliged, we will not disclose your data to any third parties.
5. How long will we keep your data?
Unless you have indicated otherwise, we will keep your data for six months. As soon as they are no longer necessary for the purposes described above, the data will be blocked for the period for which they may be required for carrying out, or defending, administrative or legal actions, and they may only be unblocked and processed again for this purpose. At the end of this period your data will be completely erased.
6. What are your rights in relation to the processing of your data?
You may exercise your rights of access, rectification, erasure, objection, restriction of processing and data portability in the circumstances and under the scope established by the applicable legislation currently in force. To exercise your rights, please contact us by writing to the following address: Bankinter, S.A. Operations - Data Protection. Calle Pico San Pedro 1, Tres Cantos, 28760 Madrid, enclosing a copy of your national ID or any other identifying document. You also have the right to file a claim with the Spanish Data Protection Agency.
7. Where can you obtain more information about how we process your data?
You can refer to the additional information about how Bankinter processes your data here.
Your Bankinter Partner Branch
Monday to Thursday from 09.00 to 18.00 and
Friday from 09.00 to 14.00.