Fee-Free Open Mortgages
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Open Mortgages
free of charges or fees
and only with your salary or income

Choose your mortgage to fixed, mixed or variable rate

Choose your fixed, mixed or variable rate mortgage

 

Calculate your repayments

How Variable Mortgage Openbank work?
  

How does it work?

The payment may increase or decrease every six months, depending on changes in Euribor.

Term for main residence: from 5 to 30 years.


 

  

Variable interest rate

Nominal interest rate from: Euribor + 0.79%1
First year fixed rate: 1.99%.

Variable APR: 0.90%2.

The applicable interest rate varies
depending on the percentage of financing you apply for.
 

  

No charges or fees

• €0 appraisal charges3.

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Find out more   

Calculate your repayments

How Fixed Mortgage Openbank work?
  

How does it work?

The payment will always be the same throughout the term of the loan. Regardless of whether Euribor increases or decreases.

Term for main residence: from 5 to 30 years.

 

  

Fixed interest rate

From 1.65% NIR1  (1.85% APR2).

Up to 2.45% NIR1  (2.64% APR2).

The applicable interest rate varies
depending on the percentage of financing you apply for and the term you choose.

 

  

No charges or fees

• €0 appraisal charges3.

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Find out more   

Calculate your repayments

Mixed Mortgage Openbank
  

How does it work?

For the first ten years your payment always remains fixed.

From then on it will be updated annually with the applicable Euribor from Euribor + 0.79%1.

Term for main residence: from 11 to 30 years.

  

Mixed interest rate

NIR from 1.65% for the first 10 years and the rest Euribor + 0.79%1.

Variable APR 1.48%2

The applicable interest rate varies
depending on the percentage of financing you apply for.

 

  

No charges or fees

• €0 appraisal charges3.

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Find out more   

Calculate your repayments

Apply for a Mortgage

Applying for your mortgage is this easy

1

Calculate your mortgage repayment

Select the amount and term. We calculate your monthly repayment for three mortgage options. Choose the one that suits you best.

2

You find out immediately if it's pre-approved

The simulation is very quick. You'll find out straight away if your mortgage is pre-approved 4.

3

We grant you your mortgage

We analyse your data and if everything's correct we grant you the mortgage.

4

And you sign

You sign the loan and the purchase agreement at the Notary. You can now enjoy your new home!

Want to learn more about the Open Mortgage?

Anyone who is over 18 years old and resident in Spain with a Current Account in Openbank. The sum of the applicant's age and the term of the mortgage must not exceed 75 years. At least one of the holders must prove fixed income from employment, self-employed or pension.

Whichever option you choose, Variable, Mixed or Fixed:

Openbank pays all the costs of appraisal your mortgage.

That's right. Forget about the costs of the appraisal and registry verification.

For us to pay the appraisal and the registry verification you will need to have requested  them through Openbank and arrange the mortgage loan with us. In this case, Openbank will refund the corresponding amount, after the signature, when the mortgage arrangement process is settled.

Please note that:  charges mentioned above refer to the arrangement of the mortgage loan and, in no case, to the sale transaction.

You don't pay fees either.

  • No opening fee.
  • No partial or total repayment fee.
  • No subrogation fee.
  • No fee to amend the terms.

The interest rate of the Open Variable Mortgage will be reviewed every six months and the payments will be updated with the current Euribor rate. Your mortgage payment can go up or down depending on the interest rate review with the corresponding Euribor.​​​​​​​

It is fast and straightforward. You can do it all online, for example completing information, uploading documentation, etc. Additionally you will have a personal manager throughout the whole process, to make it even easier.

 Up to two holders per mortgage.​​​​​​​

The minimum loan amount is € 30,000 and the maximum is 80% of the lower of the following amounts: (i) appraised property value or (ii) agreed purchase price, for first property; and 70% of the lower of these amounts for a second property, up to € 3,000,000.

Contact us from Mobile

Our mortgage specialists will help you with whatever you need.

Send us your details and we'll call you right back. (Mon-Thu 9:00 -19:00 and Fri 9:00 - 15:00)

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