Housing assistance
in Catalonia

100% financing for your first home
with the agreement with the Institut Català de Finances.*

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How does financing work?

Financing in two parts:

of the purchase or appraised value (whichever is lower)

Remaining without interest (APR 0%) with a maximum term of 35 years and up to 30 years grace period without payments or accumulation of interest.

Apply for the mortgage Apply for the mortgage

How do I apply?

Go to the website of the Institut Català de Finances and get your digital passport. The passport will allow you to access funding from imagin, but you need to get it first.

Go to the imagin app, in the section on support for young people, to request a call from a specialist.

Follow the steps indicated by the managers.

Eligibility for housing assistance in Catalonia

You are over 18 and under 36.

Have an individual or family income of less than 6.5 times the IRSC*, be up to date with payments to the public administration and the Institut Català de Finances (ICF). *Valid at the time of the application

The property must be used as the primary and permanent residence of the beneficiary.

You must be legally resident in Spain and be registered in a municipality in Catalonia and not be the owner of another home in Catalonia.*
*Unless its use has been lost through no fault of one's own.

The property to be acquired must be in Catalonia.

It must be classified as Social Housing (VPO): It will be entered in the Property Register and subject to limitations.*
*The maximum resale price, use as a habitual residence and the Generalitat's right of first refusal.

Certificate issued by the ICF* certifying that you meet the requirements to access Loan 2. It is mandatory to start the process with the bank.
*It is valid for 6 months and is subject to the approval of the 1 Loan by CaixaBank.

The ICF¹ offers a second mortgage loan of up to 20% of the purchase price or appraised value (whichever is lower), which will start to be repaid once the main mortgage loan with imaginBank has been fully repaid. Maximum term of 35 years with up to 30 years of deferment, during which no payments are made and no interest accrues.

Our imaginBank mortgage

Fixed rate

Pay the same amount for the duration of the mortgage.

Enjoy a discounted mortgage

Get the discounted mortgage by direct depositing your salary and taking out our Home Insurance and Life Insurance. It's that easy!

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To apply for the Catalonia grant you will need to provide the following extra documentation:*

Scanned DNI or NIE (valid at the time of the application).
Certificate of census registration (not older than three months). You can request it at the town hall of your municipality.
Signed affidavit. This is a document prepared by the ICF stating that it is your first home purchase and that you will use it as your primary residence. You can download it here.
Work life report. You can request it through the Social Security website.
Copy of your last tax return. You can request it through the Tax Agency website.
Land registry certificate proving that you do not own a home. You can download it from the Land Registry website (you must search for the property certificate). If you have other property that is not a home, you can apply for the loan.
Credit report from the Bank of Spain. This document contains information on loans, credits, guarantees and collateral that each person has with their bank(s). You can request it through the Bank of Spain website and it takes one to two days to issue. It must be as recent as possible.

Additional mandatory documentation only for salaried individuals:

If you have less than six months of contributions, you must provide your employment contract and your last three payslips.
If you have more than six months of contributions, you must provide the last three payslips. You can request this documentation from your company.

Mandatory documentation only for self-employed individuals:

Annual VAT summary (Form 390) and current year declarations (Form 303). These can be requested via the Tax Agency’s website.
Annual summary of income tax withholdings (IRPF) and current year declarations.
Payment of the Economic Activities Tax (IAE).
Last 3 Social Security filings and payment of the self-employed contribution.
Annual declaration of transactions with third parties (Form 347).
Certificate confirming you are up to date with Social Security payments.
Certificate confirming you are up to date with tax obligations.
Bank statement for the last six months of your main account. You can request this from your bank online or at a branch.

Links of interest:

FAQs

1. What is a "discounted mortgage" and how can I benefit?

A discounted mortgage is, simply put, a discounted interest rate enjoyed by the user when a series of services or associated products are contracted with the banking entity. At Imagin, we only require you to direct deposit your salary and/or take out our Home Insurance and Life Insurance to get the discounted mortgage.

2. How much should my monthly mortgage repayment be?

Your monthly payment should not exceed 40% of your total income.

3. What documentation do I need to submit to request a mortgage?

Once you have sent your mortgage assessment request, we will need you to send us a number of documents to carry out the evaluation. The documentation required will vary depending on your employment situation. As it is a mortgage, you must also provide information on the status of the property.

Salaried employee

Tax ID.
Proof of income (last 3 payslips, rents, revenue, etc.) and employment contract.
Your last annual tax return.
Signed declaration of property or capital gains tax.

Self-employed

Annual VAT summary (form 390) and statements for this year.
Annual summary of personal income tax (IRPF) deductions and statements for this year.
Payment of business tax (IAE).
Last three social security payments and the payment of the quota for self-employed workers.
Annual statement of activities with third parties (form 347).
Certificate attesting you are up to date with social security payments.
Certificate attesting you are up to date with tax obligations.

Property documents

Supporting document of the Property Registration.
Last property tax (IBI) bill for the property to be mortgaged.
If necessary, certificate demonstrating being up-to-date with homeowners' association fees.
Property purchase and sale agreement or deposit contract.

4. Once the mortgage is approved, when can I sign the contract?

This will depend on the schedule of the notary you choose. You will have to choose the notary to schedule the signing day and to receive advice.

Please note that, by law, once the ESIS (a binding document containing the mortgage conditions) and its annexes have been signed, you will have 10 calendar days, or 14 calendar days in Catalonia, to reflect on and review the mortgage conditions, before signing before a notary.

During the consultation, the notary will issue a certificate of compliance to be signed, and this document will state the date from which the contract can be signed.

As a minimum, you must complete the reflection period that applies in your case.

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IRN: 8490-2025/17317
imaginBank by CaixaBank

LEGAL TERMS AND CONDITIONS OF IMAGINBANK MORTGAGE

*Offer valid until 24/09/2025.

Mortgage Loan issued by CaixaBank S.A. in collaboration with the Government of the Balearic Islands. Financial conditions for the purchase of a second home with mortgage guarantee, taking into account the following representative example:

DISCOUNTED AER: if all the discount terms and conditions are met, based on the assumption that you are eligible for the discount. (i) amount €150,000; (ii) duration: 25 years; (iii) arrangement fee 0%; (iv) interest rate: fixed; Discounted NIR: 2.90% (v) discounted AER: 3.622%; (vi) monthly payment: €703.54 euros; (vii) number of payments: 300; (viii) total amount due (including expenses): €226,405.60; (ix) total cost of the loan: €76,405.60; (x) interest: €61,062.0. French repayment system. ¹

NON-DISCOUNTED AER: if the discount terms and conditions are not met: (i) amount: €150,000; (ii) duration: 25 years; (iii) arrangement fee 0%; (iv) interest rate: fixed, 3.65% NIR; (v) 4.133% AER; (vi) monthly payment: €763.06; (vii) number of payments: 300; (viii) total amount due (including expenses): €238,597.10 (ix) total cost of the loan: €88,597.10; (x) interest: €78,918.00.French repayment system. ¹

The APR may vary depending on the term and the amount of the operation, as well as on monthly reviews of compliance with the discount conditions.

a) Other common financial conditions: compensation or commission for total or partial repayment or early redemption that may not exceed the amount of the financial loss that CaixaBank may suffer, with a limit of 2% of the capital repaid during the first 10 years and 1.5% of the capital repaid until the end of the life of the loan.

b) Preparatory expenses that will be paid by CaixaBank: (i) taxes: 1,125.00 euros in documented legal acts for a mortgage liability of 150,000 euros and a tax rate of 0.75%; (ii) registry verification: €10.91; (iii) notary: €597.00; (iv) management: €363.00; (v) registration: €283.00.

c) Preparatory expenses to be paid by the customer: (i) valuation: €254.10.

d) Related ancillary services to be paid by the customer: the customer must take out a mandatory damage insurance policy. CaixaBank does not sell damage insurance. as such, below we offer you the premium resulting from calculating a home insurance policy (which is the closest to a damage insurance policy that the bank sells, with the difference that home insurance offers greater coverage). For the purpose of calculating the APR, the premium resulting from simulating the home insurance will be taken into account. However, the customer is free to apply for a damage insurance policy, which is compulsory, with the insurance company of their choice.

Home insurance policy: annual premium of €317.00. The amount of the annual premium is based on the hypothesis that it will not vary during the validity of the operation. The amount is merely intended to serve as a guide and is based on home insurance products offered by CaixaBank, S.A. (e.g. based on a mortgage with a capital sum of €150,000 and buildings coverage of between €100,001 and €120,000 with a built-up area of 100m2, the total amount payable throughout the term of the operation would be €7,925.00). The amount is the result of a calculation made based on a guidance screening and this value can vary according to the building and square metres of the property.

imagin payment account: you must maintain an account with CaixaBank throughout the loan term. The customer will pay maintenance fees for the payment account, which is free in the case of an Imagin account, €15 per quarter in the case of an everyday account. The calculation of the discounted APR will take this maintenance cost into account.

Discount terms and conditions: these are percentage points that will be deducted from the NIR, if the following products are taken out: (i) one of the parties to the transaction has had their salary or pension paid directly into an open deposit at CaixaBank, S.A., for the last 6 months, provided the amount exceeds 1,200 euros per month, or if they are self-employed, has had their average net income paid in directly in the last 6 months, provided the average amount resulting from this period exceeds 1,200 euros. 0.30 points. (ii) for taking out and staying current on payments of a life insurance policy from VidaCaixa, S.A. (except MyBox Jubilación), marketed by CaixaBank, S.A., for a minimum insured amount corresponding to 50% of the financed amount. The borrower (sole or joint) will be eligible for the discount as long as they are the holder of this policy: 0.30 points. (iii) for taking out and staying current on payments of a home insurance policy for the mortgaged property as a guarantee for the operation with SegurCaixa, S.A., sold by Caixabank, S.A. or for taking out and staying current on payments of an insurance policy that covers damages that most often affect buildings under construction or refurbishment with SegurCaixa, S.A., sold by CaixaBank, S.A.: 0.15 points.
Compliance with the requirements to apply the discount terms and conditions will be reviewed on a monthly basis, and the interest rate may be adjusted upwards or downwards in accordance with CaixaBank's said monthly review of the borrower's compliance with said requirements.

Life insurance: (simulation of a life insurance policy and amortisation) 226.58 EUR per year (based on the assumption that the premium will not vary throughout the term of the operation, nor will it be updated according to the amortised capital or the passage of time). the premium is calculated based on the purchase of a life insurance policy for 50% of the capital for a 30-year-old policyholder.

Compliance with the requirements for applying the bonus conditions will be checked on a monthly basis, and the interest rate may be adjusted upward or downward depending on CaixaBank’s periodic review of the fulfilment of the bonus conditions, as well as confirmation that the mortgage holder is up to date with all current obligations to the entity.

Warnings: (i) Any breach of the loan obligations deriving from the loan can incur serious consequences for the mortgage holder, for his or her guarantor or for the owner of the mortgaged property, such as the loss of his or her property and of other goods. (ii) CaixaBank reserves the right to refuse to grant the operation or to approve it under the terms and conditions that it deems appropriate, after assessing the solvency of the applicant and according to the bank's risk criteria; (iii) the AER, pursuant to the law, covers the financial terms and conditions of the example, the expenses and the ancillary services under the assumption that the premium of the insurance policy will not vary during the term of the contract; ; (iv) the maturity of the transaction shall be such that the oldest party is not over 80 years old at the end of the term.

¹ French repayment system: a constant payment consisting partially of capital repayment and partially of interest. The portion of interest included in each payment will be the result of applying the effective interest rate to the outstanding principal at the start of each monthly period. The difference to the amount of the payment is the part corresponding to principal repayment. Every month, interest must be paid on the outstanding principal. When the loan is first taken out there is a lot of principal to repay, which is why the interest payment is higher than the principal payment at first. As we want instalments to remain constant, the interest part declines, and the principal part increases as time progresses. The instalment remains unchanged while the interest rate is not modified. For example, if you have a twenty-year loan of €100,000 at an interest rate of 3.75%, each monthly payment will be €592.89. The first payment will consist of €312.50 in interest and just €280.39 in principal. In contrast, 20 years later, the final payment will be €1.85 in interest and €591.04 in principal.

Arithmetic formula (French fee)
ak = Ck * [(r/m) / [1-[1+(r/m)]−n]]
"ak" being the mixed capital repayment and interest; "Ck" being the outstanding capital at the start of the period; "r" being the annual nominal interest rate, as per one; "m" being the number of loan settlement periods included in a year; and "n" being the number of repayment periods (capital and interest payment) pending.

1. LEGAL CONDITIONS ICF Habitatge Emancipació loan (according to information published by ICF, which you can check in more detail on its website)

Loan conditions subject to prior approval. (i) Maximum amount: €50,000; (ii) Maximum term: 35 years with up to 30 years of grace period (no payments or interest during this time); (iii) Interest rate: 0% nominal; (iv) Fees: €0; (v) APR: 0%

Representative example: for a €50,000 loan to be repaid over 5 years after a 30-year grace period, the total cost will be €0, with monthly payments of €833.33 for 59 months, and a final installment of €833.53. Total owed: €50,000. APR: 0%

The agreed formula to determine the value of each installment is the following:

Installment =

Initial Capital

60 monthly payments