Fantastic economic conditions to buy your home
We give you a discount on the interest rate according to your links with Bankia
- Financing of up to 80% of the investment or of the appraisal value. Repayment term of up to 30 years. Variable and mixed rate interest.
Benefits of the Hipoteca Bonificada
- You can choose between a variable or mixed interest rate (fixed for the first 7 years and variable thereafter).
- With half-yearly reviews of the interest rate if you choose the variable option.
- Up to 30 years to repay it.
- No floor.
- No appraisal fee.
- With discounts in the interest rate of up to 1.00% depending on your links with Bankia on the basis of the following breakdown:
- 0.30% for having your income paid into your account.
- 0.30% for contributions to individual pension plans.
- 0.20% for having taken out a loan repayment insurance.
- 0.20% for various insurance policies (annual premiums).
To access the subsidised differential and to maintain it throughout the life of the loan, the following conditions must be simultaneously met:
- There must be no unpaid bills.
- The mortgaged property must have a damages insurance policy sold by Bankia and must have rights assigned in favour of the bank.
- Initial period: with a fixed rate from about 1.80 % if is to a year and from about 2.2 % if is until 7 years. Variable: from Euribor + 1.50%. APR: 2.66 % for a supposition of 150,000€; over 25 years, with 12 months of fixed interest rate. For more detailed information, see conditions of the Hipoteca Bonificada (PDF, 173 kB).
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More information about the Hipoteca Bonificada
Further information (Act 3/2016 Andalusia)