Multi-Options - Housing Properties

 Multi-options loan solution - housing properties

Mortgage solutions to renovate your second home in Portugal.

Redefining a new space, building a new garden or other dream project for your second house in Portugal is easier now.

Product Details

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:

  1. 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.
  2. 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.
  3. Foreign non-resident with 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

Support investments related to the house acquired or renovated for a second or permanent home in Portugal, excluding commercial or industrial gain.

Amount

At least 5,000 euros and up to 75% of the property valuation, subject to the maximum value of 75% of the investment (80% for Foreign non usual residents or Foreign non-residente with Gold Visa).

Term

At least 1 year and up to 25 years, to be repaid by age 75 (80, for Foreign non usual residents or Foreign non-residente with Gold Visa), this referring to the age of the oldest applicant.

Repayment

Monthly, capital and Interest repayment.

Interest rate

Variable indexation or fixed rate, plus interest margin.

Foreign non residents(1)
Rate indexed to Euribor 12M:5.9% | 5.4%*
5 Years Fixed Rate + Variable Rate:6.0% | 5.5%*
25 Years Fixed Rate:3.7% | 3.1%*
Foreign non usual residente and Foreign non-resident width a Gold Visa(2)
Rate indexed to Euribor 12M:4.9% | 4.3%*
5 Years Fixed Rate + Variable Rate:4.9% | 4.4%*
25 Years Fixed Rate:3.7% | 3.1%*

*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.
For a simulation, use the simulator for private clients available on this website.

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 5.9%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 25 years | Variable annual nominal rate of 5.019% | Euribor 12M -0.081%, in May 2020, plus an interest margin of 5.100% | 300 monthly repayments of € 1,057.68 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 (includes "Stamp Fee") | Average monthly life insurance premium of € 23.61 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 328,321.00 | 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 5.4% | 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 4.519% | Euribor 12M -0.081%, in May 2020, plus an interest margin of 4.600% | 300 monthly repayments of € 1,004.39 | Average monthly life insurance premium of € 23.08 | Total amount payable by the consumer: € 312,445.36| 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)APR 4.9%| Example for a 30 year old client | Loan of € 175,000, with mortgage | Property valued at € 250,000 | 25 years | Variable annual nominal rate of 4.019% | Euribor 12M -0.081%, in May 2020, plus an interest margin of 4,100% | 300 monthly repayments of € 952,43 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 (includes "Stamp Fee") | Average monthly life insurance premium of € 22.55| Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 296,984.51 | 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 4.3% | 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 3.519% | Euribor 12M -0.081%, in May 2020, plus an interest margin of 3.600% | 300 monthly repayments of € 901.83 | Average monthly life insurance premium of € 22.02| Total amount payable by the consumer: € 281,949.89 | 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 years Fixed Rate + Variable Rate:
(1)APR 6.0%| 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 5.100% (5 year based rate of 0.000%, plus an interest margin of 5.100%) and variable annual nominal rate of 5.019% (Euribor 12M -0.081%, in May 2020, plus an interest margin of 5.100% | 300 monthly repayments of € 1,066.43 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 | Average monthly life insurance premium of € 23.69 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 330,931.07 | 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 5.5% | 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 4.600% (5 year fixed rate of 0.000% added of 4.600% spread) and variable annual nominal rate of 4.519% (Euribor 12M -0.081%, in May 2020, plus an interest margin of 4.600%) | 300 monthly repayments of € 1,012.93 | Average monthly life insurance premium of € 23.17 | Total amount payable by the consumer: € 314,989.37 | 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 4.9%| 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 4.100% (5 year based rate of 0.000%, plus an interest margin of 4.100%) and variable annual nominal rate of 4.019% (Euribor 12M -0.081%, in May 2020, plus an interest margin of 4.100% | 300 monthly repayments of € 960.75 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 | Average monthly life insurance premium of € 22.64 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 299,460.53 | 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 4.4% | 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% (5year fixed based rate of 0.000% added of 3.600% spread) and variable annual nominal rate of 3.519% (Euribor 12M -0.081%, in May 2020, plus an interest margin of 3.600%) | 300 monthly repayments of € 909.93 | Average monthly life insurance premium of € 22.10 | Total amount payable by the consumer: € 284,356.12 | 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 3.7%| 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 2.900% (25 year based rate of 2.900%) | 300 monthly repayments of € 841.14 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 | Average monthly life insurance premium of € 21.36 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 263,943.00 | 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 3.1% | 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 2.400% (25 year based fixed rate of 2.400%) | 300 monthly repayments of € 793.73 | Average monthly life insurance premium of € 20.82 | Total amount payable by the consumer: € 249,898.50 | 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 | 25 years | Annual nominal fixed rate of 2.900% (25 year based rate of 2.900%) | 300 monthly repayments of € 841.14 | Initial expenses and fees of € 2,468.20 | Mensal expenses and fees of € 7.59 | Average monthly life insurance premium of € 21.36 | Annual multi-risk home insurance premium of € 148.09 | Total amount payable by the consumer: € 263,943.00 | 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 3.1% | 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 2.400% (25 year based fixed rate of 2.400%) | 300 monthly repayments of € 793.73 | Average monthly life insurance premium of € 20.82 | Total amount payable by the consumer: € 249,898.50 | 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).

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