Variable-rate mortgage
The variable-rate Mortgage that adapts to you
Reduce the interest rate of your variable-rate mortgage by meeting discount conditions.
Example of a €150,000 mortgage repaid over 25 years.
Prepayment
You can make partial repayments or pay back your mortgage in full whenever you want.Tailored offer
Simulate and request a non-binding customised offer. You can work out the costs with real figures: repayments, taxes, etc.Personal manager
You will always have the help and assistance of a personal manager.Request your offer with no obligations. In just 3 minutes.
Without adding anything to your mortgage
Management, registration, notary expenses and stamp duty.
Applying for your mortgage is really easy, with just three simple steps.
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Calculate your mortgage
Just enter the amount and term to find out your monthly repayment and taxes, etc. for the different types of mortgages.
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Request your personalised offer
We'll ask you for some additional information so that we can put together a detailed offer that suits your circumstances.
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Signed
When we send you your personalised offer, we'll tell you which documents you need to provide for that long-awaited moment: signing on the dotted line.
Offer valid until -
Frequently asked questions about the Bankinter Variable Mortgage
See How long are these conditions valid for? How long are these conditions valid for?
Offer valid until -- or until the total amount offered (750 million euros) has been reached. The mortgage is provided subject to the application being approved by Bankinter, S.A.
See Who can apply for a variable-rate mortgage? Who can apply for a variable-rate mortgage?
Exclusive conditions for individuals who are resident in Spain and looking to buy their primary residence or second home. For holders with a monthly income of more than €2,500.
See can I request a mortgage if I am a foreigner or non-resident? can I request a mortgage if I am a foreigner or non-resident?
Ask about our conditions for foreigners and non-residents. Should we call you?
See What if I want to transfer my mortgage from another bank? What if I want to transfer my mortgage from another bank?
Consult our mortgage subrogation simulator. You can assess and compare, at a glance, the cost of your current mortgage with Bankinter's different options. With no commitment. All we need are a few simple details.
See What is the maximum and minimum amount I can request? What is the maximum and minimum amount I can request?
The loan amount may not exceed 80% of the lower of the property's purchase value or appraisal value for primary residences and 60% for second homes.
The minimum is 60,000 euros.
See What is the maximum number of years? What is the maximum number of years?
The maximum mortgage term is 30 years, provided that none of the holders is over 75 years old at the end of the term.
See What are the costs of a fixed-rate mortgage? What are the costs of a fixed-rate mortgage?
The customer pays the appraisal cost and the arrangement fee of 500 euros.
The Bank will pay the expenses of the Notary, registry, management agency and stamp duty (the amount of which varies depending on the autonomous community where the mortgage is arranged), except in the Autonomous Community of the Basque Country (where the customer pays such costs, except for the acquisition of a primary residence which is exempt from this tax).
See What is the Euribor? What is the Euribor?
The Euro Interbank Offered Rate.
European banks lend money to each other for which they pay interest. These loans can have different terms. The average of the interest rates offered by European banks is calculated and that is the Euribor. However, only 44 of Europe's biggest banks - the main ones - are involved in the process.
The Euribor for each term is published daily at 11 o'clock in the morning. Previously banks had to report their interest rates over the previous 24 hours, and the arithmetic mean of these rates was taken, eliminating the highest 15% and the lowest 15% to give the Euribor for each term.
See What is the NIR and the APR? What is the NIR and the APR?
The NIR is the nominal interest rate, which is the fixed percentage agreed for borrowing money. It provides the basis for calculating the APR, so it's important. However, it's not a good basis for comparing loans because it's not necessarily annual and it doesn't take into account costs, etc.
The APR, or annual percentage rate, unlike the NIR or nominal interest rate, considers the expenses and fees associated with the loan or credit. It is, therefore, the most useful benchmark for comparing mortgages of the same type and term.
See How can I improve the interest rate? How can I improve the interest rate?
The interest rate varies depending on the term you choose and the discounts applied.
The following products are optional. However, if they are not included the rate applied will be increased by the percentage points corresponding to the sum of each of the products not included.
- Salary Account, Business Account or Non-Salary Account (discount of 0.30 percentage points).
- Life insurance covering the full mortgage amount, arranged 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 at least equivalent to the appraisal value of the property for insurance purposes, pursuant to Order ECO805/2003 of 27 March, taken out with Liberty Seguros, Compañía de Seguros y Reaseguros, S.A. and brokered by Bankinter, S.A., Operador de Banca-Seguros (discount of 0.30 percentage points).
- Pension plan/voluntary pension scheme: have a pension plan/voluntary 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 to it of €600 (bonus of 0.10 percentage points).
Checks will be made each year to ensure that the requirements for receiving the discount have been fulfilled.
See What documents do I need to supply to apply for a mortgage? What documents do I need to supply to apply for a mortgage?
The bank will usually request the following information: the ID number of the applicant(s) for the mortgage loan, the deeds of other properties owned, the personal income tax return for the last year, the deposit contract or deposit, if it has already been signed, etc. And the best thing is that you can simulate your mortgage and ask us for a personalised offer. One of our managers will help you in this process and will ask you for the documents needed in your case. Help will be available at all times.
See What is the difference between interest rates with and without discounts? What is the difference between interest rates with and without discounts?
We offer optional products and services as a package for the customer when arranging the mortgage. If the customer does not want these combined products and services, the spread or interest rate increases, depending on whether it is a variable- or fixed-rate mortgage.
At Bankinter, we help you understand the small print that is so hard to read. We set it out with representative examples.
The variable interest rate will be reviewed annually.
Offer valid until the total amount offered (€750 million) has been reached.
Important information
- VIEW FIXED MORTGAGE PRE-CONTRACT FACTSHEET
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Show/Hide legal text1 The following assumptions have been taken into account when calculating the Variable APR:
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.
In loan contracts containing clauses that allow modifications to the borrowing rate and, where applicable, to the expenses included in the Variable APR that are not quantifiable at the time of calculation, the Variable APR will be calculated on the assumption that the borrowing rate and other expenses will remain unchanged from the level set at the time of signing the contract.
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 assumption that no cancellation, either partial or total, occurs throughout the entire duration of the loan. 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.
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.
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Show/Hide legal textThe 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 at least equivalent to the appraisal value of the property for insurance purposes, pursuant to Order ECO805/2003 of 27 March, taken out with Generali Seguros y Reaseguros, S.A.U. 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).
Checks will be made each year to ensure that the requirements for receiving the discount have been fulfilled.
The monthly payments (French repayment system) are the result of raising the coefficient (1 + interest) to the power of the number of outstanding repayments 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 repayment obtained includes the amount of interest (result of dividing the interest rate by 12, multiplied by the pending capital) and amount repayable (result of subtracting the interest from the repayment).
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.
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.