Amounts
Minimum of EUR 50,000 and up to 100% of the cost of the purchase, new construction or building improvements, up to a maximum amount of 80% of the house’s valuation price.

Period
Between 1 - 30 years, with settlement up to the age of 75.

Interest rate
Variable interest rate linked to Euribor at 3 or 6 months, added by a spread starting from 1,15 p.p.;
Fixed-rate to 2, 3, 5, 10, 15, 20, 25 or 30 years, added by a spread starting from 1,15 p.p;
Minimum floored(*) for 5 years, added by a spread starting from 1,15 p.p. and with a deduction of 0.25 p.p..

Rounding up of indexes and interest rates
To the thousandth.

Guarantee
Loans must be guaranteed by a specific mortgage for the property to which the loan refers or a mortgage on other property in Portugal or a pledge on financial investments. Mortgage Insurance is required for finance/guarantee ratios of more than 65% .
The fee charged on full or part early repayment is 0.50% of repaid principal, for variable-rate and 2% of repaid principal for fixed-rate contracts.

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

- Appraisal fee: EUR 750.00
- Valuation fee: EUR 180.00

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

Specialised Advisory Services
Visit the mortgages section at any Caixa branch office and take advantage of Caixa’s greater experience in property financing solutions. There are specialised customer helpdesks at the following branches:

Albufeira | Alvor | Almancil | Cascais | Central Sede Lisboa |  Faro | Lagos | Loulé | Monte Gordo | Óbidos | Peniche | Portimão | Praia da Rocha
S. Julião - Setúbal | Tavira | Vilamoura

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.