open mortgage
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Fee-Free Open Mortgages

Open Mortgage

Choose your fixed, mixed or variable rate mortgage

Calculate your repayments

Hipoteca Variable
  

How does it work?

The payment may increase or decrease annually, depending on changes in Euribor.

Term for main residence: from 5 to 30 years.


 

  

Variable interest rate

Nominal interest rate: Euribor + 0.89%1
First year fixed rate: 1.89%.

Variable APR: 1.14%2.
​​​​​​​

  

No fees

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Find out more   

Calculate your repayments

Hipoteca Fija
  

How does it work?

The payment will always be the same throughout the term of the loan1. Regardless of whether Euribor increases or decreases.

Term for main residence: from 5 to 30 years.

 

  

Fixed interest rate

From 1.65% NIR1  (2.07% APR3).

Up to 2.50% NIR1  (2.82% APR3).

Depending on the period you choose.​​​​​

  

No fees

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Find out more   

Calculate your repayments

Hipoteca Mixta
  

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 + 0.89%1.

Term for main residence: from 11 to 30 years.

  

Mixed interest rate

NIR 1.65% for the first 10 years and the rest Euribor + 0.89%1.

Variable APR: 1.66%4​​​​​​​.
 

  

No fees

• €0 opening fee.

• €0 partial or total repayment.

• €0 subrogation.

• €0 amendment to terms.

Más información   

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 (3).

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?

Back

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.

With Open Mortgage you won't pay commissions, whichever option you choose; Variable, Mixed or Fixed rate:

  • No opening fee.
  • No partial or full repayment fee.
  • No fee to change/move your mortgage.
  • No fee to change conditions.

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

 Up to two title 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 our mortgage specialists

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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