Skip to content
Content ID: PR_WCS01_UCM01056969

Buying a House

When you choose a Mortgage Loan, don't think only about the first months. Check carefully all the costs, from the first to the last day, including fees and insurance.

At BPI you do not have to pay any instalment processing fee, i.e., you do not have to pay any additional fee for the loan instalment to be automatically charged to your Current Account.

Banco BPI | Mortgage Loan Solutions| Buying a House

Banco BPI | Mortgage Loan Solutions| Buying a House

Maturities as long as 40 years

Providing that at the end of the loan all the borrowers are less than 75 years old, you will find the longest maturities at BPI (up to 40 years for Variable Rate loans). This allows you to benefit from lower instalments, while you can always make early repayments at any time and thus terminate the loan before the originally scheduled date.

Immediate preliminary decision

Try us! Go to any BPI Branch or Premier Centre, submit your case and see how quickly we respond. The credit decision will be immediate.

Special Solutions for the Young

In the "Mixed Instalments"3 solution1, the instalment starts out very small and grows during the first 10 years, after which it remains constant2 until the end of the loan. The pace of growth of the instalment is calculated according to the loan's initial maturity and interest rate, but can never exceed 0.25%/month2.

During the first years the instalments follow the improvement in your income and do not increase much on transition to the constant instalment scheme.

Solutions for down-payment or off-plan purchase

BPI also has solutions to advance the money4 for down payments on home purchases, whether the home is already built or in the construction or pre-construction phase. During the advance period you will only pay interest on the amount drawn.

Access to additional credit

With our Permanent Credit Line5 you may obtain additional credit, for any purpose. This line is very flexible: it can be adapted to each case and allows you to establish a financing plan with maturities of up to 30 years and low interest rates.

Note: As this credit line involves making a mortgage on your home (with the corresponding fees and costs), we do not advise it for loan amounts below € 15.000.

Solutions for Disabled Persons

With the Loan Schemes6, disabled civilian and Armed Forces citizens have the possibility of purchasing, building, transferring loans, or doing works in their own permanent house, benefiting from subsidised interest rates and long maturities.

Observations

1 Available for acquisition or loan transfer purposes and for maturities between 10 and 40 years.
2 Providing that market rates remain unchanged.
3 APRC of 2,1% and MTIC (Total Amount Payable by the Consumer) of € 270.970,36
Amounts calculated in september 2020 for a financing of € 200.000 over 30 years, based on a variable APR of 1,241% (composed of 12-month Euribor august 2020, rounded to the nearest thousandth plus a spread of 1,60% which may be reduced depending on the commercial relationship of the Customer with BPI), guaranteed by mortgage of property and assuming the best risk class of the operation, in the mixed instalments modality, considering a maximum growth factor of the instalment of 0,25%/month during the first 10 years. The APRC and Total Amount Payable by the Consumer (MTIC) presented presuppose that the Customers are 30 years of age and have had an account open with the Bank for more than 30 days, without optional associated sales, and include 360 monthly instalments, the first of which is € 520,61, fees and initial expenses of € 2.435,18, annual average life insurance premium of € 668,95 and annual average premium of multi-risk insurance of € 235,78. The interest rate applied to the purchase and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective indexer.
4 APRC of 4,2% and MTIC of € 52.070,50
Amounts calculated in september 2020 for a financing of € 50.000 over 12 months, based on a variable APR of 3,641% (composed of 12-month Euribor august 2020, rounded to the thousandth plus a spread of 4,0%). The EAPR and Total Amount Payable by the Consumer (MTIC) presented presuppose that Customers are 30 years of age and have had an account open with the Bank for more than 30 days, and include 12 monthly instalments of € 151,71 and initial expenses of € 250. The interest rate applied to the purchase and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective indexer.
5 APRC of 4,6% and MTIC of € 90.390,98
Amounts calculated in september 2020 for a financing of € 50.000 over 30 years, based on a variable APR of 3,391% (composed of 12-month Euribor august 2020, rounded to the nearest thousandth plus a spread of 3,75%), guaranteed by mortgage of property with financing/security ratio of less than 60%. The APRC and Total Amount Payable by the Consumer (MTIC) presented presuppose that Customers are 30 years of age and have had an account open with the Bank for more than 30 days, include 360 monthly instalments of € 221,49 + Stamp Tax, fees and initial expenses of € 1.550,55, annual average life insurance premium of € 183,71 and average annual premium of multi-risk insurance of € 78,59.
6 APRC of 0.9% and MTIC of € 170.579,06
Amounts calculated in september 2020 for a financing of € 150.000 over 30 years, based on a variable 0% APR corresponding to 65% of the main refinancing rate of the European Central Bank, secured by mortgage of property. The APRC and Total Amount Payable by the Consumer (MTIC) presented presuppose that Customers are 30 years of age and have had an account open with the Bank for more than 30 days, include 360 monthly instalments of € 416,67, fees and initial expenses of € 2.135,18, average annual insurance premium of € 436,46 and annual average premium of multi-risk insurance of € 176,83. The interest rate applied to the purchase and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective indexer.

This information is provided for advertising purposes and does not and does not exempt the reading of the pre-contractual and contractual information legally required, and does not constitute a contractual proposal. Contracting subject to the prior approval of the entities involved and to the assessment of the solvency of the parties involved in the operation.