Updated Wednesday, September 8, 2021 – 12:00
Currently, banks are offering very low fixed rates, with stable and affordable installments, for the purchase of a home. It is a very attractive product, especially for those who run away from risks.
The fixed rates offered by the Spanish banks are favoring home purchases.
If a risk-averse person wants to buy a home, this may be an appropriate time to do so. And it is that the Spanish bank currently offers very low fixed rates to finance the purchase of real estate, with which stable and affordable installments will be paid. According to the banking comparator HelpMyCash.com, best fixed mortgages of the month of September are those of Coinc, Ibercaja and EVO Banco, although its analysts affirm that more attractive conditions can be achieved in other entities if you have a good profile and negotiate.
Fixed Coincident Mortgage
From this comparator they assure that the best fixed rate offer is, on paper, the Fixed Match Mortgage. Your interest is one of the lowest in the market: 1.25% if the term is 10 or 15 years, 1.30% if it is up to 20 years, 1.35% if it is up to 25 years and 1.40% if it is up to 30 years. And to achieve it, it is not necessary to contract no additional product, which significantly lowers its price.
Coinc, which is a Bankinter online brand, finances up to 80% of the home purchase (60% if a second residence is purchased), with a maximum repayment period of up to 30 years. Your fixed mortgage has no origination fee, although it does include a 2% early repayment compensation (1.50% as of the 11th year).
One Step Mortgage from Ibercaja
The Mortgage One Step from Ibercaja ranks second in the top 3 compiled by HelpMyCash. In this case, the interest is 1.30% for a term of up to 20 years, conditional on the holders paying payroll for a minimum combined value of 2,500 euros per month.
Ibercaja does not charge opening or early repayment fees. Your loan, however, has several limitations: its maximum term is 20 years and the amount requested must be at least 200,000 euros, with a maximum of 80% of the value of the home (it must be the future habitual residence).
Smart Fixed Rate Mortgage from EVO Banco
The bronze is taken by the Smart Fixed Rate Mortgage from EVO Banco, whose interest is 1.29% for a term of up to 30 years. Despite having a lower rate than the previous credits, the total price of this mortgage is higher, since to get that interest it is essential to take out the entity’s home insurance and pay the payroll.
EVO Banco, which is another online entity belonging to Bankinter, offers to finance up to 80% of the purchase of a habitual residence. And like Ibercaja, it does not charge opening or early repayment fees.
Better conditions for clients with a good profile
According to HelpMyCash, Coinc, Ibercaja and EVO Banco’s fixed mortgages are the cheapest openly marketed. Now, if the client has a good profile (very high salary, a lot of savings, work in the public administration …), he can get a fixed interest below 1% with other entities such as BBVA or Banco Santander, for example.
For this reason, from this comparator they advise go to as many entities as possible and negotiate with each one. In this way, you will be more likely to get a bank to offer even better terms: lower interest, eliminate additional fees or products, etc.
According to the criteria of
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