Mortgage Calculator
Portuguese Version

The house you dreamt of, for spending your holidays in Portugal, is just one step ahead.

If you don't have Portuguese nationality and you're a citizen in the U.K., Ireland, Germany, France or Spain, and residence in one of these countries, check the advantages of the BPI Mortgage Credit:

- Maximum loan term - 30 years;

- Maximum Loan to Value ratio - 85% (Variable Rate loan type) and 75% (for other type of mortgage loans);

- Life insurance is not required for LTV below or equal to 75%;

- Optional Interest Only Period with a term between 1 and 3 years for acquisition of a second home available in BPI Mortgage Credit with Variable Rate;

- Optional residual value of 10%, 20% or 30% of the financing to be paid at the end of the loan;

- Optional variable rate with mixed instalments. Indexed to Euribor, the loan interest rate will automatically adjust to market interest rates. Clients may choose the 3-, 6- or 12-month Euribor, with rates being revised quarterly, half-yearly or annually, respectively. In this loan type, the instalment grows during the first 10 years. The growth rate depends on the term and the initial rate, with a maximum of 0,3% per month. In the subsequent period, the instalment is constant of capital and interest as in the Variable Rate loan type;

- Interest Rates (1) - The interest rate of the loan before adding spread, will be quarterly, half-yearly or annually revised and will correspond to the Euribor of reference for 3 months, 6 months or 12 months respectively, rounded to the nearest one thousandth (which results, in June 2010, in 0,687%, 0,982% and 1,249%, respectively). The spreads (in percentage points) over Euribor are particularly competitive (see following table). Additionally, it is possible to obtain lower spreads depending of the Client's commercial relationship with BPI.:

Loan / Value Ratio = Initial loan amount / valuation of the property.

(1) 3.080% APR and Revised APR Calculated in September 2010 for a 30-year mortgage of € 150,000, with a loan to value ratio of 60%, an interest rate of 0.896%, quarterly revised and index-linked to the average 3-month Euribor rate of the previous month, rounded to the nearest thousandth, plus a 1.80% spread (if you take out with BPI, and maintain throughout the lifetime of the agreement, the following products: life insurance and combined (multirisco) home insurance, 2 automated payment arrangements, demand deposits or term deposits equal or above € 100,000). Included are application fees of € 539.42, €13.89 life insurance in the first month, monthly updated in accordance with the outstanding principal, for a 18-year old Customer, and a €14.38/month combined home insurance, for properties located in a low seismic hazard area. Early repayments are subject to a 0.5% charge on the amount of principal to be repaid, plus stamp duty. Get a mortgage quote from BPI and find out what best suits your needs.

If youre a U.K. resident, you'll need to consider possible changes in the exchange currency, as the instalments of this BPI Mortgage Credit need to be paid in Euros. On the other hand, you will benefit from the Euribor rates which currently are significantly lower than Libor rates.

Try doing a simulation for a BPI Mortgage Credit.

For further information, namely for fees and other costs that may apply to your BPI Mortgage Credit for Non Resident Foreigners, see the Code of Conduct:
- Portuguese version;
- English version.

Should you need more information, please let us know by email.

To obtain your finance or get more information, find the nearest BPI branch to you.