Are you a young person living in Madrid? We'll help you with your mortgage

If you're between 18 and 40, get 90% financing for your imaginBank mortgage* thanks to the Community of Madrid.

*of the lower amount between the purchase price
and the appraisal value.

Mortgages
flecha

You can request this assistance if...

40 años

If you are of legal age and do not exceed 40 years of age.

Madrid

You can legally prove that you lived continuously in the Community of Madrid in the 2 years before you apply for the financing.

ubicación

The property is in the Community of Madrid.

precio

The purchase price, without the expenses and taxes inherent to the purchase, does not exceed €390,000.

2 años

It will be your primary and permanent residence for at least 2 years. And you can show that you have had a checking account in your name for more than 2 years.

primera

It is your first home purchase and you can prove that you don't own any property.

imaginBank fixed-rate Mortgage

Fixed monthly payments

Hipoteca Bonificada

Discounted
mortgage

You need to direct
deposit your salary
and take out our Home
Insurance and Life
Insurance.

NIR: 2.70 % FIXED
AER: 3.423 %1

€688,13 a month1

For €150,000 over 25 years

Hipoteca Bonificada

Non-discounted
mortgage

Without direct
depositing your salary
or taking out our Home
Insurance and Life
Insurance.

NIR: 3.45% FIXED
AER: 3.930%2

€746.92 a month2

For €150,000 over 25 years

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 debiting your payroll and taking out our Home Insurance and Life Insurance, it's that easy!

Steps to apply for a mortgage

1

Find your home

Find out more and look for the property that suits your needs.

View Property Guide

2

Learn more about our mortgage.
We'll contact you!

Fill in our form from the app so we can give you a personalised calculation.

3

Documentation

Once you know which mortgage suits you best, you will need to prepare the necessary documentation:
Property documents
What is your current employment status?:
Employee? Self-employed?

4

Valuation and signature

When we approve the study, we will value the property. You must then choose a notary for an interview and schedule a date for signing.

LEGAL TERMS AND CONDITIONS OF IMAGINBANK MORTGAGE

*Offer valid until 23/10/2025.

Mortgage loan granted by CaixaBank S.A. Financial conditions for the purchase of a second home with mortgage guarantee, taking into account the following representative example:

1. 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: 2.70% (v) discounted AER: 3.423%; (vi) monthly payment: €688.13 euros; (vii) number of payments: 300; (viii) total amount due (including expenses): €221.782,60; (ix) total cost of the loan: €71.782,60; (x) interest: €56.439,00. French repayment system1.

2. 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, 3.45% NIR; (v) 3.930% AER; (vi) monthly payment: €746.92; (vii) number of payments: 300; (viii) total amount due (including expenses): €233.755,10 (ix) total cost of the loan: €83.755,10; (x) interest: €74.076,00 euros. French repayment system1.

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 principal 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 40-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 age of the youngest party is no more than 80 years old at the end of the term.

1French repayment system: a constant payment consisting of a repayment of the principal and 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 principal repayment and interest; "Ck" being the outstanding principal 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 (principal and interest payment) pending.

imagin, the trade name of imaginersGen, SA, an agent of CaixaBank, S.A.
NRI: 6648-2024/17317