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.
Initial interest rates
Variable interest linked to Euribor 12M(1) or Fixed rate(2), plus interest margin.
Interest rate for the remaining term
Variable indexation or fixed rate, plus interest margin.
Applicable conditions Term
Not applicable.
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.
(1)Variable rate:
APR 4.4% | Example for a 40 year old client | Loan of € 175.000, with mortgage | Property valued at € 250.000 | 30 years | Variable annual nominal rate of 3.317% | Euribor 12M -0.283%, in July 2019, plus an interest margin of 3.600% | 360 monthly repayments of € 771,49 | Initial expenses and fees of € 2.380,70 | Mensal expenses and fees of € 7,59 (includes "Stamp Fee") | Average monthly life insurance premium of € 72,94 | Annual multi-risk home insurance premium of € 148,09 | Total amount payable by the consumer: € 312.315,18 | 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 respetive reference rate (indexing).
APR 3.9% | 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 2.817% | Euribor 12M -0.283% in July 2019, plus an interest margin of 3,100% | 360 monthly repayments of € 724,08 | Average monthly life insurance premium of € 70,68 | Total amount payable by the consumer: € 294.432,58 | 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 respetive reference rate (indexing).
(2)Mixed rate (5 Year fixed rate + Variable Rate):
APR 4.7% | Example for a 40 year old client | Loan of € 175.000, with mortgage | Property valued at € 250.000 | 30 years | 5 year nominal fixed rate of 3.600% (5 year nominal rate of 0.000%, plus an interest margin of 3.600%) and variable annual nominal rate of 3.317% (Euribor 12M -0.2830% in July 2019, plus an interest margin of 3.600% | 360 monthly repayments of € 799,06 | Initial expenses and fees of € 2.380,70 | Mensal expenses and fees of € 7,59 | Average monthly life insurance premium of € 74,21 | Annual multi-risk home insurance premium of € 148,09 | Total amount payable by the consumer: € 322.699,69 | 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 respetive 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" | 5 year nominal fixed rate of 3.200% (fixed based rate of 0.100% added of 3.100% spread) and variable annual nominal rate of 2.817% (Euribor 12M -0.283%, in July 2019, plus an interest margin of 3.100%) | 360 monthly repayments of € 750,71 | Average monthly life insurance premium of € 71,96 | Total amount payable by the consumer: € 304.480,48 | 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 respetive reference rate (indexing).
