Oxygen Mortgage

The Oxygen Mortgage is solely intended for customers who have submitted to Unicaja an energy efficiency certificate issued by a competent technician for the purposes set forth in Royal Decree 390/2021 of 1 June approving the basic procedure for the certification of buildings' energy efficiency, thereby proving that the home(s) to be mortgaged have an "A" or "B" energy efficiency rating as regards the two main or overall energy efficiency indicators; in other words, regarding (i) annual CO₂ emissions and (ii) annual non-renewable primary energy consumption according to the official energy label in force issued by the competent public administration.

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 FIXED-RATE MORTGAGE

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

AER with maximum bonus: 4.43 % (5)

• Annual percentage rate (APR): Fixed rate in the first six months: 3.70%. Fixed rate subsequently: 3.60%. This APR may be obtained with other combinations of subscribed products/services other than those used by Unicaja to calculate the example.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: April 5, 2024. Repayment in first half-year: € 767.37. Subsequently: € 759.38. Except for the last repayment of € 760.41.
  
• Total amount owed: € 245,454.47. Total interest: € 77,862.97. Total cost of mortgage loan: € 95,454.47.

Example of products selected by Unicaja which can be jointly subscribed to obtain the bonified interest rate (APR) that has been used to calculate the 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 €1,200.00 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 6 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 second half-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⁽⁶⁾: €209.99. Life Insurance⁽⁶⁾: €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):

AER without bonus: 4.76 % (5)

• Annual percentage rate (APR): Fixed rate in the first six months: 3.70 %. Fixed rate subsequently: 4.60 %.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: April 5, 2024. Repayment in first half-year: € 767.37. Subsequently: € 841.32. Except for the last repayment of € 842,03.
  
• Total amount owed: € 254,049.51. Total interest: € 101,953.01. Total cost of mortgage loan: € 104,049.51.
• Annual costs charged to the customer without meeting requirements: Indemnity insurance(7): €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 instalments must include capital and interest, and they shall be presented as a constant amount, until the interest rate is reviewed.

The French amortization method has been used to calculate the capital instalments, an amortization system in constant instalments in which a larger amount of interest than capital is early in the first years and in the last years more capital than interest is paid.

The formula to calculate the amount of the instalments is as follows:

The values the formula uses have the following meaning:
R: monthly instalment payable
C: nominal amount of the loan, principal (in the case of not fulfilling the requisites, it will be the capital pending repayment at each moment).
n: number of instalments. As of the interest review, they will be calculated on the part pending.
r: multiplication index (∏)
s: summation index (∑).
pr: days of interest accrual per interest liquidation period from calculation of the instalment (the values 28, 29, 30 or 31 may be taken depending on the month).
i: nominal annual interest rate applicable to the period of interest concerned, expressed as per unit.
The applicable formula to calculate the interest of this loan shall be the following: Capital pending multiplied by the N.I.R. (by per unit amounts) and time, divided by 365. In this formula, the capital is considered to be the balance of capital; the N.I.R., the annual interest rate; and the time, the number of calendar days depending on the month calculated (28, 29, 30 or 31).  

The amortization of the principal shall be equal to the instalment minus the interest.

(5) The AER indicated above has been calculated on March 5, 2024 using the APR and costs set out above, which are charged to the customer, assuming that no early partial or total redemption is made throughout the loan's entire duration. 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 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 ten years of the loan agreement's term or from the day on which the fixed interest rate applies, a compensation in favour of the lender may be set, which may not exceed the amount of the financial loss the lender may suffer, with a limit of 2% of the principal repaid early. In the event of early repayment or redemption, either partial or full, of the loan from the end of the aforementioned period until the end of the loan's term, a compensation in favour of the lender has been set, which may not exceed the amount of the financial loss the lender may suffer, with a limit of 1.5% of the principal repaid early.

(6) 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 to be able to take advantage 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.

(7) 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.

The Oxygen Mortgage is solely intended for customers who have submitted to Unicaja an energy efficiency certificate issued by a competent technician for the purposes set forth in Royal Decree 390/2021 of 1 June approving the basic procedure for the certification of buildings' energy efficiency, thereby proving that the home(s) to be mortgaged have an "A" or "B" energy efficiency rating as regards the two main or overall energy efficiency indicators; in other words, regarding (i) annual CO₂ emissions and (ii) annual non-renewable primary energy consumption according to the official energy label in force issued by the competent public administration.

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 VARIABLE-RATE MORTGAGE

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

Variable AER with maximum bonus: 5.07 % (5).

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 in first year: 2.60 %. Variable: One-year Euribor rate +0.70 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 03/04/2024 was 3.718 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 4.418 %. This APR may be obtained with other combinations of subscribed products/services other than those used by Unicaja to calculate the example.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: May 4, 2024. Repayments in first year: € 680.64. Subsequently: € 821.66. Except the last repayment of € 820.72. In order to calculate the repayments, total interest, total cost and the total amount owed as from the second 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 4.418 %. Nonetheless, we inform you that, as from the second year, the repayments' amount may vary depending on the variable interest rate to be applied.
  
• Total amount owed: € 262,396.32. Total interest: € 94,804.82. Total cost of mortgage loan: € 112,396.32.
  

Example of products selected by Unicaja 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⁽⁶⁾: €209.99. Life Insurance⁽⁶⁾: €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).

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

Variable AER without bonus: 5.37 % (5).

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 in first year: 2.60 %. One-year variable Euribor rate + 1.70 % (annual reviews). The last one-year Euribor rate value published in the Official Journal of the State of 03/04/2024 was 3.718 %. The interest rate resulting from the sum of this value plus the above-mentioned differential is 5.418 %.
  
• No. of monthly repayments: 300. Date the first monthly repayment is due: May 4, 2024. Repayments in first year: € 904.72. Subsequently: € 905.40. Except the last repayment of € 903.48. In order to calculate the repayments, total interest, total cost and the total amount owed as from the second 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 5.418 %. Nonetheless, we inform you that, as from the second year, the repayments' amount may vary depending on the variable interest rate to be applied.
  
• Total amount owed: € 271,018.70. Total interest: € 118,922.20. Total cost of mortgage loan: € 121,018.70.
  
• Annual costs without meeting requirements (interest rate without bonus): Indemnity insurance(7): €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 instalments must include capital and interest, and they shall be presented as a constant amount, until the interest rate is reviewed.

The French amortization method has been used to calculate the capital instalments , an amortization system in constant instalments in which a larger amount of interest than capital is early in the first years and in the last years more capital than interest is paid. The formula to calculate the amount of the instalments is as follows:

The values the formula uses have the following meaning:
R: monthly instalment payable
C: nominal amount of the loan, principal (in the case of not fulfilling the requisites, it will be the capital pending repayment at each moment).
n: number of instalments. As of the interest review, they will be calculated on the part pending.
r: multiplication index (∏)
s: summation index (∑).
pr: days of interest accrual per interest liquidation period from calculation of the instalment (the values 28, 29, 30 or 31 may be taken depending on the month).
i: nominal annual interest rate applicable to the period of interest concerned, expressed as per unit.
The applicable formula to calculate the interest of this loan shall be the following: Capital pending multiplied by the N.I.R. (by per unit amounts) and time, divided by 365. In this formula, the capital is considered to be the balance of capital; the N.I.R., the annual interest rate; and the time, the number of calendar days depending on the month calculated (28, 29, 30 or 31). 

The amortization of the principal shall be equal to the instalment minus the interest.


(5) The Variable AER indicated was calculated on April 4, 2024 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 lender 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 2024.

(6) 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 to be able to take advantage 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.

(7) 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.