Variable mortgage
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Open Variable Mortgage
Euribor + 0.89% ¹
1.89% NIR first year
VariableAPR 1.07% ²

Variable interest rate mortgage

A quick, easy and fee-free mortgage

Calculate your repayments

Euribor + 0.89% ¹

Nominal variable interest rate: Euribor + 0.89%1. Fixed rate for first year: 1.89% NIR1. This interest rate will be reviewed annually. Variable APR: 1.07% APR2. If you finance up to 50% of the value of the home, the interest rate is Euribor + 0.79% Annual NIR.* VariableAPR: 0.97%3.

Term for main residence: from 5 to 30 years.


No fees

Your mortgage at a variable interest rate without fees for arrangement, partial or total repayment, subrogation or amendment to terms.

Instant pre-approval

The simulation is very quick. In less than 2 minutes, you’ll find out if your mortgage is pre-approved 4.

With personal manager

The application and follow-up of your variable mortgage is online and to make it even easier for you, you will have a personal manager who will be with you until you sign to buy your house.

*Enjoy a lower interest rate if you finance up to 50% of the value of the home: Euribor + 0.79% annual NIR and 1.79% NIR for the first year.     Variable APR: 0.97%3

Calculate your repayments

If you've already started an application, click here.

Property purpose

Property type

Where is the house location?

Where is the house location?

How much does the home cost?

MIN. 40,000 €
MAX. 4,000,000 €
Property value: 40,000 to 4,000,000€

How much do you want to borrow?

It needs to be less than 80% of property value
Mortgage value: 30,000 to 3,000,000€
MIN. 30,000 €
MAX. 3,000,000 €

How long do you want to repay it over?

MIN. 5 years
MAX. 30 years
Term from 5 to 30 years.
To apply for your mortgage you must have your tax residence in Spain
Apply for a Mortgage

Applying for your mortgage is this easy


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.


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).


We grant you your mortgage

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


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 Variable Mortgage?


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.

Anybody residing in Spain and of legal age, who, when his/her age and the term of the loan are added together, is not over 75 years, and who is the holder of a Current Account with Openbank. At least one of the mortgage holders must have a fixed income from employment, self-employment or pension.

The interest rate of the Open Variable Mortgage will be reviewed annually and the instalment will be updated with the current Euribor rate. Your mortgage payment can go up or down depending on the interest rate revision with the corresponding Euribor.

Whichever option you choose, Variable, Mixed or Fixed:

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

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 amount is €30,000 and the maximum amount is 80% of one of the two following amounts, whichever is lower: (i) appraisal value or (ii) purchase and sale value, in a habitual residence; and 70% of the lesser of these amounts in a second residence, 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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If you want to know more about our data protection policies  click here.