Access criteria
In order to apply to this mortgage solution applicant must be at least 21 year old and comply with one of these categories:
- Foreign non-resident from any country of the European Union (UK included)
Duration of stay in Portuguese territory must be ≤ 183 days per year, consecutives or otherwise. - Foreign non usual resident (from any country)
Duration of stay in Portuguese territory must be > 183 days per year, consecutives or otherwise;
Residence permit or visa for a period no long than 10 year, non-extendable;
Not a resident in the Portuguese territory in any of the previous 5 years prior to the beginning of taxation as non usual resident;
Proving that permanent home will be established in Portugal;
Developing a with high added value activity. - Foreign non-resident width a Gold Visa
Valid for a period of 5 years or more;
Duration of stay in Portuguese territory must be inferior to 7 days in the first year and to 14 days in the following years;
Real estate investment must (i) have a value ≥ than 500,000 euros or (ii) have been constructed 30 years ago or more or be located in areas of urban revitalization, with renovation works costing ≥ 350,000 euros.
Purpose
Acquisition, construction or renovation of your house or garage (if simultaneous and part of the same development ) in Portugal for a second or holiday home or intended to be let.
For non usual residents (from any country) or Gold Visa holders (complying to the aplying access criteria ), real estate may also be for permanent home in Portugal.
Amount
At least 5,000 euros and up to 80% of the property valuation (75% in case of buy to let), subject to the maximum value of 80% of the acquisition, construction or home improvements (90% for permanent home in Portugal).
Term
At least 1 year and up to 30 years, to be repaid by age 75 (80, for Foreign non usual resident and Foreign non-resident width a Gold Visa), this referring to the age of the oldest applicant.
Maximum loan period is only 25 years, in case of buy to let.
Repayment
Monthly, capital and Interest repayment.
Initial interest rates
Variable indexation or fixed rate, plus interest margin.
| Foreign non residents(1) |
|---|
| Rate indexed to Euribor 12M: | 4.2% | 3.7%* |
| 5 Years Fixed Rate + Variable Rate: | 4.7% | 4.2%* |
| 25 Years Fixed Rate: | 5.0% | 4.5%* |
| Foreign non usual resident and Foreign non-resident width a Gold Visa(2) |
|---|
| Rate indexed to Euribor 12M: | 3.2% | 2.7%* |
| 5 Years Fixed Rate + Variable Rate: | 3.7% | 3.2%* |
| 25 Years Fixed Rate: | 4.0% | 3.5%* |
*Reduction Pack
Reduced rate applies to clients subscribing 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.
For more detailed information on all applicable conditions, please contact us.
Rate indexed to Euribor 12M:
(1)APR 4.2%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 30 years | Variable annual nominal rate of 3.603% | Euribor 12M -0.497%, in December 2020, plus an interest margin of 4.100% | 360 monthly repayments of € 795.92 | Initial expenses and fees of € 2,380.70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 29.11 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 305,334.19 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 3.7% | For clients subscribing 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" | Variable annual nominal rate of 3.103% | Euribor 12M -0.497%, in December 2020, plus an interest margin of 3.600% | 360 monthly repayments of € 747.56 | Average monthly life insurance premium of € 28.23 | Total amount payable by the consumer: € 287,608.19 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
(2)APR 3.2%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 30 years | Variable annual nominal rate of 2.603% | Euribor 12M -0.497%, in December 2020, plus an interest margin of 3.100% | 360 monthly repayments of € 700,87 | Initial expenses and fees of € 2.380,70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 27.35 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 270,481.79 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 2.7% | For clients subscribing 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" | Variable annual nominal rate of 2.103% | Euribor 12M -0.497%, in December 2020, plus an interest margin of 2.600% | 360 monthly repayments of € 655.88 | Average monthly life insurance premium of € 26.48 | Total amount payable by the consumer: € 253,971.35 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
5 year Fixed Rate + Variable Rate:
(1)APR 4.7%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 30 years | Annual nominal fixed rate of 4,100% (5 year based rate of 0.000%, plus an interest margin of 4.100%) and variable annual nominal rate of 3.603% (Euribor 12M -0,479% in December 2020, plus an interest margin of 4.100% | 360 monthly repayments of € 845.60| Initial expenses and fees of € 2,380.70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 29.98 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 323,529.81| The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 4.2% | For clients subscribing 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" | Annual nominal fixed rate of 3.600% (5 years fixed based rate of 0.000% added of 3.600% spread) and variable annual nominal rate of 3.103% (Euribor 12M -0.497%, in December 2020, plus an interest margin of 3.600%) | 360 monthly repayments of € 795.63 | Average monthly life insurance premium of € 29.11 | Total amount payable by the consumer: € 305,226.08 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
(2)APR 3.7%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 30 years | Annual nominal fixed rate of 3.100% (5 year based rate of 0.000%, plus an interest margin of 3.100%) and variable annual nominal rate of 2.603% (Euribor 12M -0,497% in December 2020, plus an interest margin of 3.100% | 360 monthly repayments of € 747.28 | Initial expenses and fees of € 2,380.70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 28.23 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 287,503.63 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 3.2% | For clients subscribing 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" | Annual nominal fixed rate of 2.600% (5 year based rate of 0.000% added of 2.600% spread) and variable annual nominal rate of 2.103% (Euribor 12M -0.497%, in December 2020, plus an interest margin of 2.600%) | 360 monthly repayments of € 700.59 | Average monthly life insurance premium of € 27.35 | Total amount payable by the consumer: € 270,380.87 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
25 years Fixed Rate:
APR 5.0%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 25 years | Annual nominal fixed rate of 4.400% (25 year fixed rate of 0.300% plus an interest margin of 4.100%) | 300 monthly repayments of € 962.80 | Initial expenses and fees of € 2,380.70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 22.95 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 303,057.51 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 4.5% | For clients subscribing 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" | Annual nominal fixed rate of 3.900% (25 year fixed rate of 0.300% plus an interest margin of 3.600%) | 300 monthly repayments of € 914.08 | Average monthly life insurance premium of € 22.42 | Total amount payable by the consumer: € 288,281.77 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
(2)APR 4.0%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 25 years | Annual nominal fixed rate of 3.400% (25 year based rate of 0.300%, plus an interest margin of 3.100%)| 300 monthly repayments of € 866.73 | Initial expenses and fees of € 2,380.70 | Mensal expenses and fees of € 4.16 (stamp dutty included) | Average monthly life insurance premium of € 21.89 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 273,918.30 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
APR 3.5% | For clients subscribing 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" | Annual nominal fixed rate of 2.900% (25 year based rate of 0.300% added of 2.600% spread) | 300 monthly repayments of € 820.80| Average monthly life insurance premium of € 21.36 | Total amount payable by the consumer: € 259,976.95 | The interest rate applied to the purposes of acquisition and construction of permanent, secondary or leasehold housing may be negative depending on the evolution of the respective reference rate (indexing).
