Go to main content
Main
  • People
  • Self-employed professionals and businesses
  • Access Access Access
    Access Access Access
  • Become a customer
  • Menu
    Close
Click enter
Suggestions
    Products
    Home
    • Accounts
      See all accounts
      Online Account for minors
      • Direct deposit paycheck
      • Switch to BBVA
    • Cards
      See all the cards
      Credit cards Debit cards Pre-paid cards
      • We help you choose your card
    • Mortgages
      See all mortgages
      Hipoteca Joven Bring your mortgage
      • Mortgage calculator
      • Mortgage switching calculator
      • Mortgage revision calculator
      • BBVA Valora
    • Loans
      See all loans
      Personal Online Loan
      • Loan Simulator
      • Car loan calculator
      • Loan calculator homeowners' associations
    • Insurance
      See all our insurance policies
      Health insurance Car insurance products Home insurance Life insurance products Travel insurance Motorcycle Insurance
      • Group your insurance policies together
    • Pension plans
      See all pension plans
      Pension Plans Basque Country
      • Pension plan finder
      • Pension plan simulator
      • Tax Relief Calculator
      • Personal income tax deductions
      • Transfer pension plan
    • Mutual funds
    • Deposits
    • Investment portfolios
    • Savings insurance
    • Stock exchange and markets
      Stock exchange and markets
      Investing and trading shares, ETFs and more
    • Cryptoassets
    • Energy space
      See all solutions
      Energy saving Vehicles Owner's associations
    • BBVA Autorenting
    • Private Banking
    Branches and ATMs

    Promotions and offers

    Try out BBVA without being a customer

    Discover the BBVA app

    Individuals Self-employed people and companies
    • Home
    • Accounts
      See all accounts
      Online Account for minors
      • Direct deposit paycheck
      • Switch to BBVA
    • Cards
      See all the cards
      Credit cards Debit cards Pre-paid cards
      • We help you choose your card
    • Mortgages
      See all mortgages
      Hipoteca Joven Bring your mortgage
      • Mortgage calculator
      • Mortgage switching calculator
      • Mortgage revision calculator
      • BBVA Valora
    • Loans
      See all loans
      Personal Online Loan
      • Loan Simulator
      • Car loan calculator
      • Loan calculator homeowners' associations
    • Insurance
      See all our insurance policies
      Health insurance Car insurance products Home insurance Life insurance products Travel insurance Motorcycle Insurance
      • Group your insurance policies together
    • Pension plans
      See all pension plans
      Pension Plans Basque Country
      • Pension plan finder
      • Pension plan simulator
      • Tax Relief Calculator
      • Personal income tax deductions
      • Transfer pension plan
    • Mutual funds
    • Deposits
    • Investment portfolios
    • Savings insurance
    • Stock exchange and markets
      Stock exchange and markets
      Investing and trading shares, ETFs and more
    • Cryptoassets
    • Energy space
      See all solutions
      Energy saving Vehicles Owner's associations
    • BBVA Autorenting
    • Private Banking
    Click enter
    Suggestions

      Experiences

      • Bank Moving Service

        Switch to BBVA and we'll handle all the paperwork for you.

      • Solar panel calculator

        Calculate your savings with solar panels in your home.

      • Sections: if I don't see it, I don't spend it

        Put away money from your main account and save easily.

      • Try out BBVA without being a customer

        Discover the features of the BBVA app without opening an account.

      • Bizum

        Send and receive money from your phone instantly. As easy as sending a message.

      • Mobile payment

        Leave your wallet at home and pay for everything with your cell phone.

      Want to try the BBVA app without being a customer?

      You can add all your banks, make an appointment to speak to an agent, calculate the value of a house and do other day-to-day business. Without being a customer and without commitment. Register in two steps and get to know us little by little.
      More information
      Branches and ATMs
      Promotions and offers
      Try out BBVA without being a customer
      Discover the BBVA app
      Become a customer
      ADVERTISING
      MM/DD/YYYY

      BBVA Variable-Rate Mortgage

      To take advantage of today's opportunities

      • First year from $${tin1V}% NIR. All other years from Euribor + $${tinVaPrimer}% Variable APR $${taeVa}%.
      • If you direct deposit your paycheck and take out home and payment protection insurance with BBVA, first year from $${tin1V}% NIR, remaining years from Euribor +0.60%. Variable $${taeVarContraTodoEnc}% APR.
      • No commitment fee.

      Calculate your payment in just a few minutes.

      Calculate payment

      We finance up to 80% of the home's value

      You can request up to 80% for your main residence and up to 70% for a second home.

      If the market price and the appraised value don't match, we use the lower of the two as a reference. 

      Are you under 36 years old? You can request up to 95% financing.

      More information

      You can request a term of up to 30 years

      You choose your mortgage's repayment term, up to a maximum of 30 years. Remember that the sum of the age of the youngest account holder and the term cannot exceed 75 years. For example, if you are 50 years old, the maximum term would be of 25 years.

      Please note that if the date of signature does not coincide with the day of payment, there will be a first installment that only includes the interest corresponding to the period from the date of signature to the day of payment.

      You can lower your payment with other products

      Some BBVA products offer a discounted NIR. You are not required to take out these products, but if you, you could pay less on your mortgage:

      • Comprehensive Home Insurance from BBVA Allianz Seguros.
      • Loan repayment insurance from BBVA Seguros.
      • Direct deposit and keep your income at BBVA.
      More information

      What makes your mortgage variable?

      The interest rate of the Variable Mortgage is made up of a fixed percentage (the differential) and a variable rate (the Euribor), which is reviewed every 12 months. Direct depositing your paycheck and purchasing home and payment protection insurance from BBVA reduces the interest rate on your mortgage.
      • With discount

        For an amount less than or equal to 80%of the property's appraisal value and up to a 30-year term:

        First year from $${tin1V}% NIR. Remaining years, from Euribor + 0.60%.
        Variable APR: $${taeVarContraTodoEnc}%.

        See example
      • No discount

        For an amount less than or equal to 80%of the property's appraisal value and up to a 30-year term:

        First year from $${tin1V}% NIR. Remaining years, from Euribor + $${tinVaPrimer}%.
        Variable APR: $${taeVa}%.

        See example

      Discover the terms and conditions of your group

      • Get your personalized mortgage study and enter the name of your company or mutual company.
      • Find out if you're eligible for special terms for belonging to your group.
      Simulation for non-customers
      Go to BBVA and simulate it

      Apply for your variable-rate mortgage in just a few steps

      Calculate your mortgage payment, fill in the details we ask for and send your application.

      Calculate payment

      Did you already complete the application? Track it from the app

      Whether you are a BBVA customer or not, track your mortgage application step by step from your cell phone in Espacio Hipoteca. You will be able to:

      • View all stages of your application.
      • Provide documentation in a simple way. And if you are a customer, you will be able to automatically import documents from public administrations.
      • Contact an adviser, who will guide you through the process.

      If you are not a customer, you just have to register in two steps to log in.

      Calculate your payment
      More information

      We are by your side in every decision you make

      • BBVA Valora

        Discover the approximate market value of the house you like.
        Analyze home
      • Step-by-step guide

        To learn about the process, from searching for the home to signing the loan.
        See guide
      • Your adviser

        It will help you clear up any doubts and will progress with you towards your new home.

      Looking for another type of mortgage?

      • To avoid any surprises

        Fixed Rate Mortgage

        The peace of mind that comes from paying the same interest rate every month, with no increases.
        Get started
        More information
      • To change your terms and conditions

        Bring your mortgage

        Find out if we can improve the terms of the mortgage you have at another bank.
        Get started
        More information
      • For people under 36

        Hipoteca Joven

        If you're under 36 and looking for a mortgage, BBVA gives you up to 95% of your home's value.
        Get started
        More information

      More information about variable-rate mortgages

      Conditions valid through 09/30/2025.

      Yes, you can pay part of it early (minimum €300) or pay it in full. In addition to the amount you want to repay, you will have to pay interest and an amount as compensation for the early full or partial repayment that is equivalent to the financial loss that the Bank may sustain, and which may be:

      • In the first 5 years: with a limit of 0.15% of the principal repaid in advance.
      • From the 6th year (inclusive): 0% of the principal repaid in advance.

      Remember that before doing so, you have to read the information we will provide you, which details the consequences of each of the payments so that you can evaluate each of the options. You have to request the information 30 days in advance at your BBVA branch.

      If you have repayment insurance and you pay off the entire loan, your insurance will be interrupted. If you have paid your insurance for longer than your variable mortgage lasted, you will be refunded the difference.

      Alternatively, you can transfer the insurance to a new beneficiary within seven business days.

      No, the BBVA Variable Mortgage doesn't have a minimum interest clause.

      It is a benchmark rate that indicates the average interest rate at which European banks lend one another money. It's published monthly and it's used to calculate the interest rate offered on mortgage loans.

      The BBVA Variable Mortgage loan is for residents of Spain whose income and assets are exclusively in euros.

      To apply for a mortgage, you must have a damage insurance policy for the mortgaged property for the duration of the mortgage. The insured amount must match the appraisal value (not including the land value). The insurance policy (which you do not have to take out with BBVA) must cover any damages to the property caused by fire, explosions, or natural causes. The bank must appear on the policy as the beneficiary of the outstanding amount.

      You also need to have a checking account with BBVA. This account will be used for any transaction associated with your variable mortgage, such as deposits and direct debits. Please see the pre-contractual information for all the information on account administration and maintenance fees.

      Please note that the granting of a mortgage is subject to authorization by the bank.

      The NIR (Nominal Interest rate) is what you pay to a bank in exchange for receiving a loan. NIR is usually less than APR and is not a useful comparison of the prices of different mortgages, since it only includes the interest rate and not all the transaction fees. 

      The APR (Annual Percentage Rate) indicates the cost of a financial product, such as loans, and includes both the interest and the various costs and fees associated with it. This figure lets you compare different mortgages, because the lower the APR, the cheaper the mortgage.

      Buying a property involves two types of expenses: those associated with the mortgage loan and others with purchase and sale transactions.

      Mortgage loan expenses are paid by the bank: registration, notarial fees, processing and stamp duty (AJD). In the Basque Country, the taxpayer is always the customer, and regional laws require the buyer to pay the stamp duty.

      The bank will bear the cost of the notarial fees for the mortgage loan deed. By contrast, any copies will be paid for by the party that requests them. 

      The purchase and sale expenses have nothing to do with the mortgage. Therefore, the bank is not responsible for paying them. These include the following expenses: Taxes (e.g., property transfer tax, VAT, and inheritance tax) and management, notary public, and registration costs.

      The buyer pays for the appraisal.

      Please consult the following documents for all the basic information on our mortgages:

      • Pre-contractual Information Sheet (FIPRE)
      • (Only for Andalusia) Supplementary pre-contractual information (DIPREC)
      • Informative poster 
      • Information Document: CBP RDL 6/2012 for the viable restructuring of mortgage-backed debts, and CBP RDL 19/2022 and ACM to alleviate the rise in interest rates on mortgage loans on primary residences

      Your BBVA adviser will also answer all your questions and accompany you throughout the process. Once the study is complete and the loan is deemed feasible, your adviser will give you the European Standardised Information Sheet (ESIS).

      To request a variable mortgage, you must provide certain documents, including your updated employment history and your personal income tax return or proof of income (e.g., your last 3 paychecks). As you go through the process, we will tell you which documents you need to submit.

      They are calculated using the French repayment system. This calculation system makes the monthly payment as constant as possible. It can only vary if the interest rate changes or if you make early repayments.

      To calculate the payments with this system, we use the following formula: (C*i/m)/(1-(1+i/m)^(-m *n), where C is the principal, i is the annual nominal interest rate, m the number of annual payments and n the years over which you're going to repay the loan. 

      Let's look at an example using the formula. If you have a €150,000 loan at an annual interest rate of 2.50% and you repay it monthly (12 installments a year) for 25 years, each monthly payment will be €672.93. 

      Here is the formula, with the sample figures: (150,000x0.025/12)/(1-(1+0.025/12)^(-12x25) = €672.93

      With each installment, you pay off part of the interest and the principal on the loan. If you want to know how much each amount represents, you can calculate it as follows:

      • To calculate the interest of each installment, divide the interest rate by the number of annual payments and multiply it by the amount borrowed.
      • To calculate how much principal you're paying back (amortization), subtract the interest from the monthly amount.

      We remind you that in the type of system we use (French repayment system), more interest is paid in the first installments and less in the last.

      If you don't make your mortgage payments, you could lose your home. Remember that the mortgage holders must respond to BBVA with all their assets and rights, current or future. If another person provides a guarantee (e.g., a guarantor), they will have the same responsibility as the mortgage holders, unless otherwise indicated in the contract. 

      Remember that when you take out a mortgage, you establish a relationship with the bank. This relationship comprises two elements: The main loan agreement and the mortgage. Let's take a closer look at these terms:

      • Main loan agreement: this document is produced when a financial institution (the creditor) lends an amount of money to someone (the debtor). 
      • Mortgage: The debtor (or another person) offers property as a guarantee that the loan will be repaid. Therefore, if the agreed payment commitments are not fulfilled, the bank can sell the property in a public auction to collect the amount owed. If the sale results in excess money, this amount is used to pay other creditors or, failing this, the debtor.

      In a fixed-rate mortgage, the interest rate does not vary at any time, while in a variable-rate mortgage, the applicable interest rate may change with each review.

      If you choose a fixed-rate mortgage, the interest rate never varies. However, if you do not satisfy the conditions for the discounts or you are not current on your mortgage payments, the payment could change.

      If you opt for a variable-rate mortgage, the interest rate is made up of a fixed percentage (the margin) and a variable rate (the Euribor), which is reviewed every 12 months. Therefore, when it's time to review the mortgage, the payment could change to reflect changes in the Euribor and/or the discounts you might be eligible for on the interest rate.

      Variable-Rate Mortgage
      Calculate payment
      Offer valid during current month
      1. Mortgages
      2. BBVA Variable-Rate Mortgage
      Footer
      • More BBVA

        • Shareholders
        • BBVA Research
        • Jobs at BBVA
        • Network of BBVA agents
        • bbva.com
        • Responsible business
        • BBVA Asset Management
      • The latest

        • BBVA for minors
        • BBVA for young people
        • BBVA for Seniors
        • BBVA for groups
        • Security
        • Podcast
        • Financial Health
      • Calculators and simulators

        • Most popular calculators
        • Elección Account Calculator
        • IBAN calculator
        • Salary calculator
        • Currency exchange
        • Payment of debit entries
      • Utilities

        If you have found a vulnerability in BBVA that you would like to report, please click on this form

        Inheritance Processing

        Blog - Finances at a glance

        Economic dictionary

        Accessibility

        Mortgage debtors without resources - CBP

      BBVA logo
      Legal notice
      Cookies
      Personal data
      Statutory reports
      Payment services
      Fees
      Notice board
      Customer care service
      • Español
      • Català
      • English
      • Galego
      • Euskara

      Banco Bilbao Vizcaya Argentaria S.A. 2025