Mixed-Rate Mortgage

Variable AER (Annual Equivalent Rate), total cost of the mortgage loan and full amount owed by the mortgagee based on a typical example of a loan amounting to €150,000.00 having a front-end fee of 0.15% and a repayment term of 25 years through the payment of 300 constant monthly principal and interest repayments at the interest rate indicated below:

25-YEAR MIXED INTEREST RATE MORTGAGE

(1) Meeting all the requirements to obtain maximum interest rate bonus:

Variable AER with maximum bonus: 4.86% (3). For salaries as from €2,500.

This variable AER has been calculated pursuant to the provisions set forth in Act 5/2019 of 15 March governing real estate credit agreements.

• Annual percentage rate (APR): Fixed rate in the first five years: 3.10 %. Variable: One-year Euribor rate +0.69 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 02/09/2023 was 4.073 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 4.763 %. This APR can be obtained with other combinations of subscribed products/services other than those used by Unicaja Banco to calculate the example.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: October, 4  ‎2023. Repayments in the first five years: € 719.29. Subsequently: € 831.59. Except the last repayment of € 827.39. In order to calculate the repayments, total interest, total cost and the total amount owed as from the sixth year, the higher borrowing rate between the initial fixed rate and the reference index (one-year Euribor rate published monthly in the Official Journal of the State) plus the differential has been applied. The repayments have therefore been calculated by taking into account an APR of 4.763 %. Nonetheless, we inform you that, as from the sixth year, the repayments' amount may vary depending on the variable interest rate to be applied.
  
• Total amount owed: € 259,529.65 . Total interest: € 92,738.15. Total cost of mortgage loan: € 109,529.65.

Example of products selected by Unicaja Banco which can be jointly subscribed to obtain the bonified interest rate (APR) that has been used to calculate the variable AER with the maximum bonus: Salary of at least €2,500 net per month directly deposited into account. Protection Home Insurance. Life insurance associated to the loan. Minimum contribution to a pension plan of 1.2% of the outstanding principal in the 12 months prior to each annual interest rate bonus review date.

The fulfilment of requirements will be checked as of the fifth year of the loan's term and thereafter at successive annual reviews.

• Annual expenses charged to the customer in the example used while meeting all the requirements: Protection Home Insurance(4): €209.99. Life Insurance(4): €298.00. Contribution of 1.2% of the outstanding principal to a pension plan having one or several holders (maximum of €1,500 per plan holder) and a management and depositary fee of €19.79. Demand account maintenance fee: €120.00 per year. Valuation: €372.00. Front-end fee: €225 (the latter two are one-off expenses paid at the time the mortgage is taken out).

Variable AER with maximum bonus: 5,25 % (3). For other income.

This variable AER has been calculated pursuant to the provisions set forth in Act 5/2019 of 15 March governing real estate credit agreements.

• Annual percentage rate (APR): Fixed rate in the first five years: 3.80 %. Variable: One-year Euribor rate +0.79 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 02/09/2023 was 4.073 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 4.863 %. This APR can be obtained with other combinations of subscribed products/services other than those used by Unicaja Banco to calculate the example.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: October 4, ‎2023. Repayments in the first five years: € 775.47. Subsequently: € 849.36. Except the last repayment of € 851.18. In order to calculate the repayments, total interest, total cost and the total amount owed as from the sixth year, the higher borrowing rate between the initial fixed rate and the reference index (one-year Euribor rate published monthly in the Official Journal of the State) plus the differential has been applied. The repayments have therefore been calculated by taking into account an APR of 4.863 %. Nonetheless, we inform you that, as from the sixth year, the repayments' amount may vary depending on the variable interest rate to be applied.
  
• Total amount owed: € 268,032.45. Total interest: € 100,440.95. Total cost of mortgage loan: € 118,032.45.

Example of products selected by Unicaja Banco which can be jointly subscribed to obtain the bonified interest rate (APR) that has been used to calculate the variable AER with the maximum bonus: Salary deposited directly into account as from €600 and below €2,500 per month. Debit or credit card consumption for an amount of at least €1,200 calculated in the 6 months prior to the first bonus review and subsequently during the 12 months prior to the date of each interest rate bonus review. Three directly debited basic bills. Protection Home Insurance. Life insurance associated to the loan. Minimum contribution to a pension plan of 1.2% of the outstanding principal in the 12 months prior to the date of the first bonus review and subsequently during the 12 months prior to the date of each interest rate bonus review.

The fulfilment of requirements will be checked as of the first year of the loan's term and thereafter at successive annual reviews.

• Annual expenses charged to the customer in the example used while meeting all the requirements: Protection Home Insurance(4): €209.99. Life Insurance(4): €298.00. Contribution of 1.2% of the outstanding principal to a pension plan having one or several holders (maximum of €1,500 per plan holder) and a management and depositary fee of €19.79. Debit card maintenance fee: €32.00. Demand account maintenance fee: €120.00 per year. Valuation: €372.00. Front-end fee: €225 (the latter two are one-off expenses paid at the time the mortgage is taken out).

(2) Without meeting requirements (interest rate without bonus):

Variable AER without bonus: 4.86 % (3). For salaries as from €2,500.

This variable AER has been calculated pursuant to the provisions set forth in Act 5/2019 of 15 March governing real estate credit agreements.

• Annual percentage rate (APR): Fixed rate in the first five years: 3.10 %. One-year variable Euribor rate +1.69 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 02/09/2023 was 4.073 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 5.763 %.
• No. of monthly repayments: 300. Date the first monthly repayment is due: October, 4 ‎2023. Repayments in the first five years: € 719.29. Subsequently: € 903.47. Except the last repayment of € 904.57. In order to calculate the repayments, total interest, total cost and the total amount owed as from the sixth year, the higher borrowing rate between the initial fixed rate and the reference index (one-year Euribor rate published monthly in the Official Journal of the State) plus the differential has been applied. The repayments have therefore been calculated by taking into account an APR of 5.763 %. Nonetheless, we inform you that, as from the sixth year, the repayments' amount may vary depending on the variable interest rate to be applied.
• Total amount owed: € 262,087.80. Total interest: € 109,991.30. Total cost of mortgage loan: € 112,087.80.
• Annual costs without meeting requirements (interest rate without bonus): Indemnity insurance (5): €59.98. Maintenance fee of demand account only intended for the loan's repayment: €0.00. Valuation: €372.00. Front-end fee: €225 (the latter two are one-off expenses paid at the time the mortgage is taken out).

Variable AER without bonus: 5,22 % (3). For other income.

This variable AER has been calculated pursuant to the provisions set forth in Act 5/2019 of 15 March governing real estate credit agreements.

• Annual percentage rate (APR): Fixed rate in the first five years: 3.80 %. One-year variable Euribor rate +1.79 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 02/09/2023 was 4.073 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 5.863 %.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: October 4, 2023. Repayments in the first five years: € 775.47. Subsequently: € 922.78. Except the last repayment of € 924.16 . In order to calculate the repayments, total interest, total cost and the total amount owed as from the sixth year, the higher borrowing rate between the initial fixed rate and the reference index (one-year Euribor rate published monthly in the Official Journal of the State) plus the differential has been applied. The repayments have therefore been calculated by taking into account an APR of 5.863 %. Nonetheless, we inform you that, as from the sixth year, the repayments' amount may vary depending on the variable interest rate to be applied.
• Total amount owed: € 270,093.28. Total interest: € 117,996.78. Total cost of mortgage loan: € 120,093.28.
• Annual expenses without meeting requirements (interest rate without bonus): Indemnity insurance (5): €59.98. Maintenance fee of demand account only intended for the loan's repayment: €0.00. Valuation: €372.00. Front-end fee: €225 (the latter two are one-off expenses paid at the time the mortgage is taken out).

Repayment amount calculation formula: The repayments will include the principal and interest, and will be of a constant amount until an interest rate change or review.

In order to calculate the aforementioned repayments, the French amortisation method has been used, which is a constant-repayment amortisation system in which a larger amount of interest than the principal is paid off during the first years and more principal than interest is paid off in the latter years. The formula to calculate the amount of the repayments is as follows:  

The values which appear in the formula have the following meanings:
"R": monthly repayment.
"C": the loan's nominal amount or principal (in the case of not meeting requirements, it will be the outstanding principal to be paid off at any given time).
"n": the number of repayments. As from the interest rate review, they would be calculated for the outstanding part.
"r": index of the product (∏).
"s": index of the sum (∑).
"pr": days of interest accrual in the interest settlement period for which the repayment is calculated (can take on the values of 28, 29, 30 or 31 depending on the month).
"i": nominal annual percentage rate that applies to the interest period in question, expressed as a percentage.

The applicable formula to calculate this loan's interest is as follows: Outstanding principal multiplied by the APR (in percentage terms) and time, divided by 365. In this formula, it is construed that the principal is the balance of the principal, APR is the nominal annual percentage rate, and time is construed to be the number of calendar days depending on the month which is being calculated (28, 29, 30 or 31).

The amortisation of the principal will be equivalent to the repayment minus the interest.

(3) The Variable AER indicated was calculated on 4 September 2023 using the APR and costs indicated that are charged to the customer, considering that no early repayments, either partial or full, are made throughout the entire term of the loan and assuming that the reference rate does not vary. It will therefore vary with the interest rate reviews. Monthly principal and interest repayments. Due to the fact that the account is subject to fixed maintenance fees and, where appropriate, the debit card, the variable AER may vary according to the amount and term granted. The holders' age plus the loan's term may not exceed 75 years for a main residence or 70 years for a second residence.

In the event of early repayment or redemption, either partial or full, of the loan during the first three years of the loan agreement's term, a compensation or fee in favour of the lender may be set, which may not exceed the amount of the financial loss the borrower may suffer, with a limit of 0.25% of the principal repaid early. Notwithstanding the above, no compensation or fees arising from early repayment or redemption, either partial or full, will be due until 31 December 2023.

(4) Annual Protection Home Insurance premium calculated for an empty flat measuring 90 m² whose structure is valued at €72,000.00. Annual premium of the life insurance associated to the loan calculated for a 30-year-old person. These insurance policies can be taken out with the insurance company chosen by the customer. Nonetheless, both kinds of insurance must be taken out with the intermediation of Unicaja Banco to be able to take advantages of a bonified interest rate while meeting requirements. The insurance premiums will be updated annually in accordance with the specific terms and conditions of the policy.

(5) Annual premium of indemnity insurance (fire and third-party liability insurance) calculated for an empty flat of 90 m² whose structure is valued at €72,000.00. This insurance may be taken out with the company of your choice.

The borrower will be liable to Unicaja Banco, S.A. for the loan's repayment, not only with their home but also with all their current and future assets. You may lose your home if you fail to make your repayments promptly. Should a guarantor(s) be involved in the loan, the guarantor(s) will also be liable with all their present and future assets.