Open Variable Mortgage Euribor + 0.89% ¹
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Open Variable Mortgage


from Euribor + 0,79%¹
1,99% NIR first year
VariableAPR 
0.98%²
Variable interest rate mortgage

A mortgage free of
charges and fees

Calculate your repayments

No charges

No charges

Openbank pays the charges for arranging your mortgage3, including the appraisal.


Term for main residence: from 5 to 30 years.

 

No fees

No fees

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

Pre-approval
Instant pre-approval

The simulation is very quick. In less than 2 minutes, you’ll find out if your mortgage is pre-approved4.

Personal manager

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.

Applicable interest rate depending on the percentage of financing you apply for

 
  Fixed NIR 1st year Variable NIR rest of years Variable APR
Up to 50% 1.99% Euribor +0.79%1 0.98%2
Up to 70% 1.99% Euribor +0.89%1 1.07%2
Up to 80% 1.99% Euribor +1.09%1 1.25%2

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.
Calculate
To apply for your mortgage you must have your tax residence in Spain
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 Variable Mortgage?

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 every six months and the payment 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.

Whichever option you choose, Variable, Mixed or Fixed:

Openbank pays all the costs of arranging your mortgage.

That's right. Forget about the costs of the appraisal, registry verification, registry, notary, agency and document duty (IAJD).

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: all 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.

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.

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 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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When would you like us to call you?
You seem to have tried several times, we need validation

When we reply, we will contact you using the name and number you have given us. This is information that we will not store or use for any other purpose.

If you want to learn more about the legal aspects of this process, and especially how we protect your privacy, click here.