BBVA Fixed Mortgage


1.75% NIR

APR 2.58%

BBVA Fixed Mortgage

The BBVA Fixed-Rate Mortgage enables you to pay the same amount every month, with no increases or surprises. As you will always know how much you are going to pay, you will be able to plan and organize your affairs.

  • No opening fee.
  • Fixed interest, from 1.75% NIR (APR 2.58%).

Request personalized study

The BBVA Variable Mortgage is a loan designed for residents of Spain who want to finance the purchase of a home guaranteed by the mortgage, and who have an account with BBVA.

Conditions of the interest rate


For these interest rates to apply, you must:
  • Have uninterrupted direct depositing of your salary, pension, unemployment benefits, or self-employment income at BBVA.
  • Have a home insurance contract with BBVA Seguros which is in force and be up to date with the payments.
  • You must have valid loan repayment insurance with no payments outstanding for at least 50% of the loan amount.

Contracting of these products is optional and not mandatory. Check how the fixed interest rate may vary depending on the products you take out in the table above.

The fixed interest rate will remain constant during the entire life of the mortgage, as long as you remain current with your payments, do not have any outstanding debts with the Bank, and comply with the terms and conditions.

Concession of the mortgage loan is subject to prior approval from the Bank.

Maximum amount

  • Up to 80% of the appraisal value if a primary residence, or the sale price if it is lower.
  • Up to 70% of the appraisal value of the secondary home.
  • And, if you need a larger amount we will try to search for a solution that suits your needs.


  • Up to 30 years.
  • The terms will depend on the age of the title holders. The term of the mortgage will end, at the latest, when the youngest title holder with an income turns 70 years old.

Commitment fee

No opening fee.

Early repayment

You can bring forward all or part of the payment of your mortgage, provided that:

  • You request it in your BBVA Branch with one month's prior notice.
  • You pay a minimum amount of €300.

In case of advanced amortization, you should take these fees into account:

  • 0.50% on capital repaid in advance during the first 5 years and 0.25% starting in the sixth year.
  • Compensation for risk of partial or total repayment of the loan: up to a limit of 1% of the outstanding capital at cancellation.

Until when can it be taken out?

These terms and conditions are valid until 05/31/2018.

The fixed-rate mortgage interest rate will depend on the term chosen:
Term Interest rate from
Up to 15 years 1.75% NIR
APR 2.58% over 15 years
Between 16 and 20 years 1.95% NIR
APR 2.73% over 20 years
Between 21 and 25 years 2.15% NIR
APR 2.95% over 25 years
Between 26 and 30 years 2.35% NIR
APR 3.21% over 30 years

We want your application to be an easy process and we want to help you by explaining the steps we have to follow:

Applying for a mortgage is very simple 

  • Calculate your payments using our calculator. 
  • Select the mortgage that best suits your needs, by payment amount, repayment term, packages, interest rates, etc. 
  • Fill in the application form. 
  • When we receive the form, we will contact you to ask for you further information (salary slips, personal income tax return, ID photocopy, etc.)
  • We will use all of this information to analyze the transaction. 
  • If your application is viable, we will ask you to provide the valuation of the property you want to buy.
  • If everything is OK, the only thing left to do would be to follow the procedures to sign the documents in the presence of a notary.

How long does it take to sign for a mortgage? 

Once we receive your application form, it will take approximately 2 to 4 weeks before you can sign for your mortgage, although it can take longer, depending on how quickly the documents are obtained and how soon appointments can be scheduled with the appraiser and notary. 


  • Floor: clause that establishes a minimum percentage to pay in the mortgage repayments, even if the interest based on the sum of the reference rate and the differential is lower.
  • Annual Percentage Rate (APR): interest rate that indicates the actual cost or yield of a financial product. The APR is calculated based on a standardized mathematical formula that takes into consideration the nominal interest rate of the operation, the frequency of payments (monthly, quarterly, etc.), the bank fees and some operation expenses.
  • Nominal interest rate (NIR): fixed percentage which is applied to the amount lent and which determines the amount to be paid to the financial institution.
  • Fixed interest rate: if you choose a fixed interest rate, the monthly installment that you will pay and the interest rate that will be applied will not vary during that term. Every month you will pay the same installment amount, even if market interest rates go up or go down.
  • Repayment: partial or total repayment (cancellation) of a debt. In the case of a mortgage, it involves the partial or total repayment of the loan.
  • Compensation for risk of partial or total repayment of the loan: fee applied if the cancellation involves a loss for the bank, which will usually happen when the market rates at the time of the cancellation are lower than the rates being paid.
  • All-in cost: includes all expenses, including interest, fees, taxes, and any other type of costs the bank is aware of that the customer must pay in relation to the loan contract, with the exception of notarization expenses. The cost of all accessory services related to the loan contract, in particular the insurance premiums, are also included in this amount if obtainment of the loan under the terms and conditions offered is conditioned upon provision of such services. 
  • Total amount to be repaid: sum of the amount of the loan and its all-in cost.

Did you know...?

WARNING: In the event of any breach of the obligations derived from the loan contract guaranteed by the mortgaged property, there is a risk of losing the home. The borrower shall be liable for repaying the loan to the Bank using all assets and rights currently possessed by the borrower, or that may be possessed in the future. Any person(s) providing a guarantee shall be liable in the same manner as the primary debtor, using all assets and rights they possess either in the present or future, and unless their liability has been limited in the mortgage loan contract. 

There is no legal obligation to contract any insurance policy; however, the parties may contractually agree that the customer must contract, and keep valid during the life of the mortgage loan, an insurance policy that covers the risk of damage and fire for the home being mortgaged, and must notify the insurer of the existence of the mortgage loan, and with the Bank being the beneficiary of the corresponding indemnification in the event of a covered loss. The above notwithstanding, you are hereby notified that you have the right to contract, and the Bank will accept, any other insurance policy from any other insurance entity that covers the risks of damage and fire to the home that is mortgaged, as long as that insurance policy possesses an equivalent level of guarantee.

There are two different and complementary elements in the loan or mortgage:

  • a primary loan contract, through which a financial institution (the Creditor), lends a quantity of money to another (the debtor), and
  • the mortgage, which is the guarantee that the debtor, or somebody on their behalf, provides to the party that lends the money. It means that a real estate (or several) is offered and fixed as a guarantee that the loan will be repaid, so that if it is not repaid in the agreed term, the financial institution may, with shortened procedures, sell the mortgaged real estate in public auction to receive the money that it is owed, while the surplus is used to pay other creditors or, if applicable, for the debtor.
  • This is not the only form of guarantee possible. Frequently, the financial institution requests that guarantors or guaranteeing parties are added to the mortgage, which means that one or several people guarantee the debtor and are obliged to pay if the debtor defaults, and they are liable for the loan in the same way as the debtor unless their liability is expressly limited in the loan.
  • Universal liability: If the sale of the mortgaged real estate does not cover the debt, the institution that granted the loan will demand that the debtor and the guarantors/guaranteeing parties respond with all their assets and rights, both current and future, to repay the mortgage.
  • Liability limited to mortgaged real estate: the responsibility of non-debtor mortgage parties, if applicable, is limited solely and exclusively to the mortgaged real estate, and in the event of non-repayment of the loan, all other assets and rights, both current and future, are released from any obligation.

Before buying a home, you must check:

  • State of conservation and that it does not have any amounts due for local, capital gains or community taxes, etc.
  • The situation of the building in the property registry to know if it has charges.
  • Carry out a valuation to have an expert opinion of its value.

The purchase and mortgage of a home entails a series of standard costs that are always at the buyer's expense:

  • Notary and Registration expenses.
  • Taxes generated by the purchase and sale transaction.
  • Tax generated by the formalization of the mortgage-secured loan.
  • Property valuation expenses.
  • Management company administration fees.

In a loan, the monthly installment is made up of a part of the money lent that is paid back to the bank month by month (amortized capital), plus the amount that corresponds to the interest.

Once your mortgage loan agreement is signed, it is registered in the Land Registry.

You have at your disposal the Pre-contractual Information Dossier (FIPRE) where you will find basic information about our mortgage.

Once you provide us information on your financing needs and financial situation, we will give you the Personalized Information Sheet in which all the financial terms of the loan are specified.

At BBVA we will answer your questions and help you in all the administrative procedures necessary to arrange your mortgage loan.