Advantages of Bankinter Mortgage Credit

The spread of less than 1% is an advantage with Bankinter home loans, which also include:

APR from 1.3%

Option between fixed and variable rates

Additional interest subsidy on the Casa Eficiente loan

Cost support for mortgage loan transfers to Bankinter

Mortgage-free credit solutions

Bank inter Mortgage Credit Interest

Bank inter interest rates start with the TAN at 0.463%, and an APR of 1.3%. For a Bank inter home loan, you can choose between:

Fixed rates, where you always pay the same amount throughout the term

Mixed rates indexed to Euribor, with fixed interest for 2, 5, 10, 15, 20, 25 or 30 years and variable interest for the remaining period

Download Spread Bank inter

To get a lower interest rate at Bank inter with the spread reduction, and save up to 0.4% on your mortgage, you must:

Open and maintain a Bank inter demand deposit account

Choose life and multi-risk insurance recommended by the bank

In addition to these conditions, the Domiciliation of Salary or making credit transactions in the account selected for the credit is required.

Bankinter credit insurance

Bankinter requires, for the granting of home loans, the contracting of Life insurance (guarantees payment of credit in case of death or disability of the holders) and Multirisks (coverage in case of damage to the property).

 

The customer is free to take out these policies with any insurance company, but when choosing the products indicated by Bankinter, from the insurance company Mapfre, he will have a reduction in the spread.

Bankinter Mortgage Credit Documents

To apply for a Bankinter real estate loan, you must present various proofs. Bankinter home loan documents are divided into:

Credit Approval Documents

Stakeholders' personal data

Identity Cards and Taxpayer Cards

Declaration of Employer Entity with indication of contractual relationship

Last Income Statement and Settlement Note (IRS) or

Last 3 Salary Receipts/Green Receipts/Company Accounting Information (if Managing Partner)

Bank statement for the last 3 months

Property Data

Building Location Plan (Seller/Town Hall)

Plan of the Property (Seller/Town Hall)

Real Estate Booklet or IMI Model 1 (Seller/Finance)

 

 

Documents for the Deed

Personal Documentation

Identification of Sellers

IMPIC Card and AMI License (when there is Mediation)

Property documentation

Provisional transfer records in favor of the customer and Mortgage records in favor of the Bank (Conservatória do Registo Predial)

Original or certified copy of the Housing/Use License (Town Hall)

Property Technical Data (if applicable, for houses with a Use License dated from April 2004)

Energetic certificate

Other Documentation

Mortgage Loan Proposal signed

Signed European Standardized Information Sheet

Life and Disability Insurance signed

Terminate Mortgage or Other Property Charges (if applicable)

Taxes on home loans

For housing credit, you have to pay Municipal Tax on Transmissions, payable before the deed, and Stamp Duty.

You will have to pay 1.2% Stamp Duty on the purchase of the property at the time of deed and a further 0.6% Stamp Duty on the mortgage amount.

Bankinter costs and commissions

In addition to taxes and interest on the loan, there are also the following Bankinter home loan costs and commissions :

Housing Credit Study Committee: €270.40

Assessment Commission: €220

Processing fee: €110.70

Solicitor Commission: €307.50

Housing Credit Formalization Commission: €124.80

Ready House: 350€

Account Maintenance Fee: €83.20/Year

Life Insurance: €289.68 average annual value

Property insurance: €225 average annual value

(Values with VAT for a credit worth €150,000 for 40 years)

How does the mortgage at Bankinter work?

The mortgage is mandatory in home loans, and it means that the bank has a right of preference over the home in case of debts or insolvency of the holders.

That is, if the loan fails to be paid, with the mortgage the bank has the right to become the owner of the house.

Bankinter Mortgage Loan Simulation

To get the best offer, access the Bankinter home loan simulator at Comparamais. That way you can know the conditions and compare all the banks to choose the cheapest loan.

After simulating and choosing your credit, you can count on Comparamais' support throughout the process of obtaining financing. Your request is handled online and therefore it will be simpler and faster to get approval. Simulate now and choose the best home loan.