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Always pay the same amount

The peace of mind of paying the same repayment amount every month.

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Up to 30 years

You can pay back the mortgage in up to 30 years. Take into account that the sum of the oldest mortgagee's age and the mortgage's term may not exceed 75 years for a main residence and 70 years for a second residence. The maximum term for a second residence will be 25 years.

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Up to 80%

You can finance up to 80% of your main residence and up to 70% of your second residence. The amount to be financed will be the lower of the purchase price and the valuation.

With bonuses¹

APR of 2.55% in the first half-year and 2.55% subsequently 
AER of 3.33%

No front-end fee
For salaries as from €2,500 net per month

Without bonuses²

APR of 2.55% in the first half-year and 3.55% subsequently
AER of 3.64%

No front-end fee
For salaries as from €2,500 net per month

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How to get the bonus rate

You will be entitled to a bonus on your fixed-rate mortgage as from the seventh month if you subscribe Unicaja Banco products and services like:
 
  • Having your salary of at least €2,500 net directly deposited into your account, directly debited bills or card consumption.
  • Home, life or temporary incapacity/unemployment insurance**.
  • Health and car insurance or any other kind of insurance you may need**.
  • Contributions to pension plans or investment funds.

 

 

Frequently asked questions Unicaja Banco fixed-rate mortgage

Until what age can you grant me a Fixed-Rate Mortgage?

You can apply for a Unicaja Banco Fixed-Rate Mortgage provided that the sum of its term and the age of the oldest holder does not exceed 75 years for the first residence or 70 years for the second residence.

Can early repayments of the Unicaja Banco Fixed-Rate Mortgage be made?

Yes, they can. You can make as many early repayments as you wish as from €300. You can also fully redeem your mortgage. If a financial loss for Unicaja Banco comes about when you make the repayment, you will have to pay compensation having the following maximum limits:

  • During the first 10 years: limit of 2% of the principal repaid early.
  • As from the 11th year: limit of 1.5% of the principal repaid early.

Is it mandatory to take out basic indemnity insurance when mortgaging my home?

Yes, it is, since the mortgage loan's security, which in this case is the property, would not be affected by contingencies like fire.

How can I calculate the monthly repayment I would pay?

We have a mortgage simulator* that will allow you to find out what repayment you will pay with the amount and term combinations you decide on. View Mortgage Simulator

How can I find out how much interest I pay in each monthly repayment?

Once you have taken out your Fixed-Rate Mortgage, you can query how much principal and interest you are paying on your Digital Banking service.

Pre-contractual information fixed rate mortgage

By virtue of the terms foreseen in Act 5/2019, of 15th March, that regulates real estate credit agreements, as well as Order EHA/2899/2011, of 28th October, on transparency and protection of the banking service client, Unicaja Banco makes the following available to you:

 

- The Pre-contractual Information File (FIPRE), the purpose of which is to provide clear and sufficient information as a guideline on the mortgage loans offered by the Bank; and

 

- The General Conditions used by Unicaja Banco in the contracts are included in the scope of application of said Act 5/2019

 

The contract is formalized in Spanish.

 

General conditions:

- General conditions of the loan agreement in Euros at a fixed rate with mortgage guarantee.

- General conditions of the loan agreement in Euros with mortgage guarantee at fixed rate intended for self-build.

General conditions of the loan agreement with mortgage guarantee Subrogation of promoter.

 

To obtain the PRE-CONTRACTUAL INFORMATION, let us know the location, guarantee and purpose of the mortgage loan that will allow calculation of the maximum financing percentage.

For the Autonomous Community of Andalucia, pursuant to Act 3/16, of 9th June, published in the BOJA on 16th June, for protection of the rights of consumers and users in contracting loans and mortgage loans on homes, Unicaja Banco provides you the following documents in addition to the FIPRE:

  • IDEP (Index of Documents for Mandatory Delivery)
  • DIPREC (Complementary Pre-contractual Information Document)

You must choose an option

You must choose an option

Individuals / Companies for individual scope

Typical example of a fixed-rate mortgage

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 0.00% 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: 3.33 % (3)

Annual percentage rate (APR): Fixed rate in the first six months: 2.55%. Fixed rate subsequently: 2.55%. This APR may 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: ‎4 November 2022. Monthly repayment: €676.85. Except the last repayment of €675.01. Total amount owed: €219,545.66. Total interest: €53,053.16. Total cost of mortgage loan: €69,545.66.

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 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 6 months prior to the date of annual interest rate 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 (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 €2,000 per plan holder) and a management and depositary fee of €19.79. Demand account maintenance fee: €120.00 per year. Valuation: €298.00 (this is a one-off expense paid at the time the mortgage is taken out).

(2) Without meeting requirements (interest rate without bonus):
AER without bonus: 3.64 % (3)

Annual percentage rate (APR): Fixed rate in the first six months: 2.55%. Fixed rate subsequently: 3.55%.

No. of monthly repayments: 300. Date the first monthly repayment is due: ‎4 November 2022. Repayment in first half-year: €676.85. Subsequently: €753.76. Except the last repayment of €754.64.
Total amount owed: €227,464.92. Total interest: €75,667.42. Total cost of mortgage loan: €77,464.92.

Annual costs charged to the customer without meeting requirements: Indemnity insurance (5): €59.98. Maintenance fee of demand account only intended for the loan's repayment: €0.00. Valuation: €298.00 (this is a one-off expense paid at the time the mortgage is taken out).

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.

(3) The AER indicated above has been calculated on 4 October 2022 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.

(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.

Practical information fixed mortgages

Mortgage loan access guide

Here you can find the information you need to take out a loan for the purchase of a home.

Code of good practice

Here you have access to general information on measures to strengthen the protection of mortgagors

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