MIXED-RATE MORTGAGE

IMPORTANT INFORMATION

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  ¹ Mixed mortgage with fixed rate for first 10 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
  

  Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,22%. Monthly repayment instalment first 10 years: €734.94, Monthly instalment during the remaining years of €785.91, and a final instalment of €786.60. Arrangement Fee: 500,00€. Total interest: 79.657,29€. Interest rate during the first 10 years: 3,30%. (120 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €242,175.10. Total cost: 92.175,10€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.

  This variable APR was calculated taking into account:

  - Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.

  - Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.

  -Appraisal costs: 249,56€.

  The interest rate is subject to the condition that the following products be arranged with Bankinter:

  - Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).

  - Life insurance covering the full mortgage amount, taken out with Bankinter Seguros de Vida S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).

  - Seguro Multirriesgo Hogar with minimum content coverage of €30,000.00 and structure coverage equivalent to the appraisal value of the property for insurance purposes, arranged with Liberty Seguros and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).

  - A pension plan/EPSV have a pension plan/EPSV pension scheme in place with the company Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire term of the loan and make a minimum annual contribution of €600.00 (discount of 0.10 percentage points).

  Compliance with discounts will be reviewed annually.

  These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,27%. Monthly repayment instalment first 10 years: 842,29€. Monthly repayment during the remaining years: €898.53 and a final instalment of €899.68. Arrangement Fee: 500,00€. Total interest payable: €112,811.35. Interest rate during the first 10 years: 4,59%. (120 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 2.05%, reviewed annually. Total repayment amount €268,884.91. Total cost: 118.884,91€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.

  The monthly payments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding payments in the transaction, minus 1, all multiplied by the capital pending repayment ('interest' is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).

  The variable APRs have been calculated taking into account the following:

  1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions of the mortgage agreement.

  2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.

  3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have been calculated under the premise that there will be no partial or total cancellation during the time the credit facility is in place. The variable APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.

  The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrowers have a total income of over €2,500 a month.

  If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.

  Offer valid until 15-04-2023 or until the amount offered (25 million euros) has been reached.

  The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.

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  ² Mixed mortgage with fixed rate for first 15 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
  

  Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,13%. Monthly repayment first 15 years: €742.91, Monthly instalment during the remaining years of €774.50, and a final instalment of €773.88. Arrangement Fee: 500,00€. Total interest: 76.663,18€. Interest rate first 15 years: 3,40%. (180 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €239,180.99. Total cost: 89.180,99€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.

  This variable APR was calculated taking into account:

  - Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.

  - Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.

  -Appraisal costs: 249,56€.

  The interest rate is subject to the condition that the following products be arranged with Bankinter:

  - Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).

  - Life insurance covering the full mortgage amount, taken out with Bankinter Seguros de Vida S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).

  - Seguro Multirriesgo Hogar with minimum content coverage of €30,000.00 and structure coverage equivalent to the appraisal value of the property for insurance purposes, arranged with Liberty Seguros and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).

  - A pension plan/EPSV have a pension plan/EPSV pension scheme in place with the company Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire term of the loan and make a minimum annual contribution of €600.00 (discount of 0.10 percentage points).

  Compliance with discounts will be reviewed annually.

  These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,19%. Monthly repayment first 15 years: 850,87€. Monthly repayment during the remaining years: €886.15 and a final instalment of €885.58. Arrangement Fee: 500,00€. Total interest payable: €109,494.03. Interest rate first 15 years: 4,70%. (180 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 2.05%, reviewed annually. Total repayment amount €265,567.59. Total cost: 115.567,59€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.

  The resulting monthly instalments (French amortisation system) are the result of the quotient of (1 + interest) raised to the number of outstanding instalments of the operation multiplied by the interest, divided by (1 + interest) raised to the number of outstanding instalments of the operation, minus 1, all of this multiplied by the capital pending amortisation ("interest" being understood as the NIR offered divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).

  The variable APRs have been calculated taking into account the following:

  1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions of the mortgage agreement.

  2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.

  3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have been calculated under the premise that there will be no partial or total cancellation during the time the credit facility is in place. The variable APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.

  The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrowers have a total income of over €2,500 a month.

  If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.

  Offer valid until 15-04-2023 or until the amount offered (25 million euros) has been reached.

  The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.

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  ³ Mixed mortgage with fixed rate for first 20 years: Below is an example of a variable APR calculated for a mortgage offered by Bankinter, S.A. based on the following characteristics:
  

  Loan amount: 150.000€. Term of loan: 25 years (300 monthly repayments). Variable APR: 4,09%. Monthly repayment first 20 years: €746.92, Monthly instalment during the remaining years of €762.35, and a final instalment of €762.60. Arrangement Fee: 500,00€. Total interest: 75.002,05€. Interest rate first 20 years: 3,45%. (240 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 0.75%, reviewed annually. Total amount repayable: €237,519.86. Total cost: 87.519,86€. This example has been calculated on the assumption that the interest rates applicable after the first review will never be lower than the initial rate.

  This variable APR was calculated taking into account:

  - Arrangement of life insurance for an amount of €150,000.00 for 25 years for a 30-year-old person. Annual premium of €164.29. Renewal annual insurance.

  - Arrangement of home insurance for €100,000 for the structure and €30.000,00 for the content, with an estimated annual premium of €306.44. Renewal annual insurance.

  -Appraisal costs: 249,56€.

  The interest rate is subject to the condition that the following products be arranged with Bankinter:

  - Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).

  - Life insurance covering the full mortgage amount, taken out with Bankinter Seguros de Vida S.A. de Seguros y Reaseguros (discount of 0.60 percentage points).

  - Seguro Multirriesgo Hogar with minimum content coverage of €30,000.00 and structure coverage equivalent to the appraisal value of the property for insurance purposes, arranged with Liberty Seguros and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).

  - A pension plan/EPSV have a pension plan/EPSV pension scheme in place with the company Bankinter Seguros de Vida, belonging to Bankinter, S.A. Group, for the entire term of the loan and make a minimum annual contribution of €600.00 (discount of 0.10 percentage points).

  Compliance with discounts will be reviewed annually.

  These products are optional for the customer, but if they are not arranged the rate for the fixed period and the spread for the variable period will be increased by the percentage points corresponding to the sum of each of the products not arranged. Accordingly, if none of the conditions are met: Variable APR: 5,15%. Monthly repayment first 20 years: 855,18€. Monthly repayment during the remaining years: €872.61 and a final instalment of €872.67. Arrangement Fee: 500,00€. Total interest payable: €107,599.86. Interest rate first 20 years: 4,75%. (240 months). Monthly repayments. Interest rate for the remaining yearly periods: 12-month Mortgage EURIBOR (3.534% Official State Gazette (BOE) 02/03/2023) + a spread of 2.05%, reviewed annually. Total repayment amount €263,673.42. Total cost: 113.673,42€. This variable APR has been calculated on the basis of taking out a €100.000,00 damage insurance policy for the mortgaged property, as required by law and which may be taken out with Bankinter or a different provider, with an estimated annual premium of €167.96, in addition to an annual maintenance fee of €45,00 for the current account required for collection of the repayments, the arrangement fee of €500,00 and appraisal costs of €249.56.

  The monthly payments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding instalments in the transaction multiplied by the interest, divided by (1 + interest) raised to the power of the outstanding payments in the transaction, minus 1, all multiplied by the capital pending repayment ('interest' is understood to be the offered NIR divided by 12). The resulting instalment includes the amount corresponding to the interest (the result of dividing the interest rate by 12, multiplied by the outstanding principal) and the amount repayable (the result of subtracting the interest from the instalment).

  The variable APRs have been calculated taking into account the following:

  1. The variable APRs have been calculated based on the credit facility remaining in place for the agreed term and the borrower and the lender fulfilling their obligations under the terms and conditions of the mortgage agreement.

  2. For mortgage agreements with clauses that allow for adjustments to the debit rate and, where applicable, to the costs included in the variable APRs that are not quantifiable when the calculation is being made, the variable APRs will be calculated based on the premise that the debit rate and other costs will remain unchanged with regard to the level set at the time the agreement was signed.

  3. The calculation has been made on the assumption that the benchmark rate and spread will not vary. Therefore, these variable APRs may vary as and when interest rates are reviewed and based also on the mortgage amount and term. These variable APRs have been calculated under the premise that there will be no partial or total cancellation during the time the credit facility is in place. The variable APRs do not include the costs that the customer/borrower would have to pay for any breach of their obligations pursuant to the agreement.

  The mortgage is provided subject to the application being approved by Bankinter, S.A. This mortgage offer is subject to the condition that the borrowers have a total income of over €2,500 a month.

  If the customer does not fulfil their obligations to the Bank, in addition to the possibility of them losing the property, their liability and that of any other parties involved in the transaction will extend to all of their present and future assets.

  Offer valid until 15-04-2023 or until the amount offered (25 million euros) has been reached.

  The loan amount may not exceed 80.00% of the lower of these two values: The property purchase value or appraisal value. For second homes, the maximum amount is 60.00%. The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.