Amount
Minimum of EUR 10,000.
Mortgage Insurance is required for finance/guarantee ratios of more than 65%.

Period
Starting from 5 years and up to the end of the period of the operation in force with a mortgage on the same property.

Interest rate
Variable interest rate linked to Euribor at 3 or 6 months, added by a spread starting from 2,55 p.p.;
Fixed-rate to 2, 3, 5, 10, 15, 20, 25 or 30 years, added by a spread starting from 2,55 p.p.;
Minimum floored(*) for 5 years, added by a spread starting from 2,55 p.p. and with a deduction of 0.25 p.p..

Principal and interest are paid monthly

Rounding up of indexers and interest rates
To the thousandth.

Guarantee
Loans must be guaranteed by a specific mortgage for the property on which the loan is made or mortgage on other property in Portugal or a pledge on financial investments. Mortgage Insurance is required for finance/guarantee ratios of more than 65%.

Caixa Geral de Depósitos may, in the event of full or part repayment, charge customers a fee of up to:

• Part repayment: 3% on the amount of the repayment of capital;
• Full repayment: 3% on the outstanding balance of the loan at 31 December of the preceding year, or on the initial capital, if payment is made in the same year in which the agreement has been entered into.

Insurance
CGD customers may benefit from this spread by subscribing to the following Caixa insurance schemes, at the lowest prices:

- Caixa Seguro Vida (Life and family insurance);
- Caixa Seguro Lar (Multi-risk property insurance).

Costs payable by customer

- EUR 750.00 appraisal fee.
- A valuation fee of EUR 180.00 is added if requested after signing the contract for the
  principal operation.

Documents
Find out more about the documents required to submit a formal loan application.

For more information or to request a loan simulation, please telephone +351 217927530 or visit your nearest Caixa branch in Portugal or Caixa Branches and representative offices abroad.

 

______________________ (*) How the Minimum Floored works? Minimum Floored for 5 years is linked to the Euribor 6 months Index. A Premium is deducted from the clients commercial spread, as defined by the risk of the operation. The underlying Euribor 6m is the simple average of the Euribor 6 months announced during the previous month, on an act/360 day count basis rounded to three decimal places. The underlying Euribor 6m interest rate is reset every semester. If the underlying rate is below the Strike on the reset date, Minimum Floored for 5 years assumes the Strike as the underlying rate until the next reset date, when conditions are observed again. At the end of the 5 years period, if neither a new term for Minimum floored or a fixed rate is negotiated the Variable rate indexed will be applied, plus a defined spread.