BBVA Fixed Mortgage
With no surprises in your payments
Fixed rate from 2.20% NIR for 15 years
We will apply a 1% bonus on the NIR during the first 6 months.
Finance up to 80% of your home's value
You can request up to 80% for your main home and up to 70% for your second home.
If the market price and the appraised value don't match, the lower of the two will be used as a reference.
Up to 30-year term
You can request a maximum term of 30 years to repay your mortgage. Please note that the age of the youngest account holder with an income and the term of the mortgage may not exceed 70 years. For example, if the youngest account holder is 50 years old, they can request a maximum term of 20 years.
If the payment date is not on the same monthly date as the signature date, the maximum term of 30 years will be divided into 359 monthly payments, including principal and interest, plus an initial interest-only payment.
Applying for a mortgage is that simple
- Calculate your payments using our simulator.
- Fill in your details and send the documentation.
- The next step will be to appraise the property.
- When the mortgage is approved, all that's left is to sign before the notary public.
Improve your interest rate
Some BBVA products offer a discounted interest rate. You are not required to take out these products. However, by doing so, you may pay less on your mortgage.
- BBVA Comprehensive Home Insurance in force and up to date with payments.
- BBVA loan repayment insurance in force, up to date with payment and covering at least half of the amount of your mortgage. If the 50% exceeds €150,000, this amount is enough.
- Setting up and receiving your income by direct billing at BBVA: Salary of over €600 or pension of more than €300. if you are self-employed, you just have to direct debit your social security payment.
Remember that the insurance policies are subject to approval by BBVA Seguros.
What happens if you choose a shorter term?
The repayment period you choose for your mortgage predetermines the interest rate, which is why we believe it is good for you to see several cases with specific figures:
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