Live in Portugal

Scope

Residential .

Access criteria

Foreign non-residents clients from UK, Ireland, Spain and Germany (other countries need detailed analysis). 

Purpose

Acquisition, construction or renovation of second or holiday home or garage (if simultaneous and part of the same development)

Amount

Up to 80% of the property valuation, subject to the maximum value of 80% of the acquisition, construction or home improvements.

Term

Up to 30 years, to be repaid by age 75 (age of the oldest applicant).

Repayment

Monthly, capital and Interest repayment.

Interest rate

7 year fixed rate⁽¹⁾ (first 7 years).

Applicable conditions Term

Clients must subscribe to Caixa cross-selling products - debit and credit cards with transactions registered in the last 3 months, Caixadirecta, life and building and contents insurance with the insurance company "Fidelidade - Companhia de Seguros, SA".

Applications

Applications may be submitted at any of our branches or representative offices (further information and application forms can be downloaded via this website).

For information purposes only, it is possible to have your request evaluated beforehand by the bank by filling out completely the appropriate form.

For a simulation, use the simulator for private clients available on this website (Third party properties only. Simulations will be soon available for all options.).

Insurance

The law requires all property to be covered for its replacement value by an Insurance company. CGD also requires life insurance for all applicants. 

Required Documents

To obtain a mortgage loan with CGD, the customer must submit to the bank all the required documents and information. Documentation has to be certified in order to be accepted.

Other Conditions

• Deposit finance of up to 25% of the purchase price is available;
• Funds for construction-only purposes will be released on a staged basis after valuation. The maximum period for construction is 30 months;
• All loans are in Euros with a minimum amount of €50.000.