BS Necesidad1

Fixed Mortgage

Conditions valid until 29/02/2020

1. Conditions and calculation of the APR:

Mortgage amount €150,000
Term: 30 Years
Relación Account Contract €30/quarter
Maximum discount: direct deposit of salary/pension and contracting of the associated insurance policies: Protección Vida Capital Constante, Protección Hogar and Protección de Pagos.
Total amount owned: €220.993,35.
Instalments: 359 instalments of €535.87/month and a final instalment of €534.13/month.

What does the APR calculation include?

Opening fees. €0.
Life insurance policy Associated constant-capital life insurance policy with quarterly premium during the entire life of the mortgage: €93.13.
Single-premium payment protection insurance policy with 100% capital coverage for a period of 5 years: €1,958.57 (example for a 30-year-old man).
Home Protection Insurance Policy monthly mandatory throughout the life of the mortgage (not necessarily contracted with Banco Sabadell): €30.61.
Registry verification costs: €25.41.
Appraisal costs: €302.71.

The APR may vary depending on the repayment term and the amount financed.

Amortisation system and principal and interest amortisation calculation formula:

The French amortisation system is used to calculate the instalment to be paid, which is a system of constant instalments. That is, the same amount is paid every month, provided that the interest rate applicable to the operation does not vary during the settlement period, or that no early repayments are made.

The mortgage instalment is made up of one part of interest and another of repayment of the total loan amount. As the fee to be paid is constant, the interest generated on this capital lowers as the outstanding capital of the mortgage is reduced. Therefore, during the first years of the mortgage, more interest is paid than capital and during the final period of the loan more capital and less interest are paid.

Monthly fee calculation:

Where:

N = outstanding capital of the loan
i = nominal interest expressed decimally on a per unit basis
p = repayment periods in a year
t = number of years of the repayment period remaining

In this example, in order to calculate the monthly repayment we would replace "N" with 150,000 (initial capital of the mortgage); "i" with 0.0175 (annual nominal interest divided by 100); "p" with 12 (number of repayments to be paid a year); and "t" with 30 (number of years), thus obtaining a repayment of 535.87 euros to be made every month.

Calculation of the interest part of the repayment:

Where:

N = outstanding capital of the loan
i = nominal interest decimally expressed on a per unit basis
p = repayment periods in a year

In the previous example, the part corresponding to the payment of interest on the instalment is calculated by replacing "N" with 150,000 (initial mortgage capital), "i" for 0.0175 (first year's interest rate divided by 100) and "p" for 12 (number of repayment periods in a year) obtaining an amount of €218.75 corresponding to the interest of the first month's instalment.

2. If the mortgage is contracted without any discounts, the conditions will be as follows:

Relación Account Contract €30/quarter
The arrangement fee will be 1.00% with a minimum of €750
2.75% NIR (3,40% APR)
Total amount owed: €236,897.96
Instalments: 359 instalments of €612,37/month and a final instalment of €609.41.
Mortgage amount: €150,000.
Term: 30 years.

What does the APR calculation include?

Opening fees: €1,500.
Home Protection Insurance Policy monthly mandatory throu0.ghout the life of the mortgage (not necessary to take it out with Banco Sabadell): €30.61.
Registry verification costs: €25.41.
Appraisal costs: €302.71.

The APR may vary depending on the repayment term and the amount financed.

Additional information:

Offer only valid for residents in Spain with income and assets in euros.

Representative examples of mortgage loan for residential use intended to finance the purchase of housing by natural persons who act as consumers.
Operation subject to prior approval by Banco Sabadell. The advisory service is not provided.
Interest rate conditions subject to risk analysis by Banco Sabadell. These conditions may vary depending on the result of the risk analysis.
In accordance with article 1911 of the Civil Code that enshrines the principle of universal liability, in case of default, the debtor, and, where appropriate, their guarantors or guarantors and mortgage guarantors, must respond with all their present and future assets, and may lose their home/s and/or any other assets they own.
This offer is not valid for an operation with a residence to be carried out or formalised in the Autonomous Community of Andalucía; ask about the special offer at your branch.

Additional information about the insurance associated with your mortgage:

Protección Hogar, Protección de Pagos y Protección Total Pagos are insurance policies from BanSabadell Seguros Generales, SA de Seguros y Reaseguros, with NIF A64194590 and address at Isabel Colbrand, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and Reg. of Insurance Entities of the DGSyFP with code N° C-0767.

Protección Total Vida and Protección Vida Capital Constante are insurance policies of BanSabadell Vida, Sociedad Anónima de Seguros y Reaseguros, with NIF A08371908 and address at Isabel Colbrand Street, 22, 28050 Madrid, registered in the Mercantile Registry of Madrid and in the Reg. of Entities DGSyFP insurers with code N° C-0557.

Insurance mediated by BanSabadell Mediación, Operador de Banca-Seguros Vinculado del Grupo Banco Sabadell, S.A., NIF A-03424223, with address at Avda. Óscar Esplá, 37, 03007 Alicante, registered in the Mercantile Registry of Alicante and in the Special Administrative Registry of Insurance Mediators of the DGSyFP with code number OV-0004, and has a civil liability insurance in accordance with the provisions of the regulations on distribution of private insurance and reinsurance in force at all times.

You can see the insurance companies with which BanSabadell Mediación has entered into an insurance agency contract on: http://www.bancsabadell.com/bsmediacion.

• Your identity document (DNI / NIF)
• Proof of other income, if any (rent, commission, account interest, overtime, etc.)
• Last 2 receipts of your regular payments, indicating the balances pending (mortgages, personal loans, card credit, maintenance obligations and alimony, rental payments, other debts, etc.)
• Your employment record: You can apply for it via the Social Security website or by calling 901502050.
• If you are a salaried worker, present your last income tax return and last 2 salary /pension slips.
• If you are self-employed, you will need the income tax return of the last 2 years and the quarterly Personal Income Tax (IRPF) and VAT (IVA) payments of the current year.
• If you are not a Banco Sabadell customer, we will need a bank statement for the last 6 months of your main account (salary, chief bills …).