CasaFácil Fijo 20 Mortgage¹

With CasaFácil Fijo 20 you will enjoy your new home with the peace of mind of knowing that your mortgage payment will be the same every month.

• With maximum subsidy: 2.25% NIR; 3.796% APR (maximum discount of 1.00%)
  • Possibility of subsidised payment: Depending on the optional products you have taken out
  • No discount: 3.25% NIR; 3.748% APR
  • You can request up to 80% of the value of the guarantee, which will be the lower of the appraisal value and the purchase price of the property, provided it is the main home.
  • The maximum term is 20 years (the term of the transaction plus the age of the youngest account holder must not exceed 75 years)
• No fees: CasaFácil does not apply a start-up fee
• Flat rate: Fixed monthly payments without the risk of an increase due to changes in the interest rate
• Greater control of your family budget: Knowing the monthly payment in advance allows you to manage your family finances better

1. CASAFÁCIL FIJO 20 COLLECTIVE TERMS AND CONDITIONS

Financial conditions for the purchase of a second home with mortgage guarantee, taking into account the following representative example:

1) DISCOUNTED APR: if all the discount conditions are met, based on the hypothesis that you can opt for the maximum discount. (i) amount: €150,000; (ii) maximum term: 20 years; (iii) arrangement fee 0.25%; (iv) interest rate: fixed; Discounted NIR: 2.25%; (v) discounted AER: 3.796%; (vi) monthly payment: €787.557; (vii) number of payments: 240; (viii) total amount payable (including expenses): €215,330.30; (ix) total cost of the loan: €65,330.30; (x) interest: €39,016.80. French amortization system¹.

2) APR NOT DISCOUNTED: if the discount conditions are not met. (i) amount: €150,000; (ii) maximum term: 20 years; (iii) opening fee: 0%; (iv) interest rate: fixed; NIR: 3.25%; (v) AER: 3.748%; (vi) monthly payment: €862.25; (vii) number of payments: 240; (viii) total amount payable (including expenses): €214,734.10; (ix) total cost of the loan: €64,734.10; (x) interest: €56,940.00. French amortisation system¹.

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

Common Terms and Conditions for the discounted APR and the non-discounted APR:

a) Other common financial conditions: 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 150,000.00 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 (if the transaction is formalised, CaixaBank will pay you this amount within a maximum of 45 days following the date of elaboration).

d) Related ancillary services to be paid by the customer: you are obliged to take out a damage insurance policy regardless or whether you choose to contract the discounts. 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 non-discounted APR and the discounted APR, the premium resulting from the home insurance calculation will be taken into account; additionally, in the event you contract the discounted APR, the corresponding discount will be applied. 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: 317.00 euros annual premium. 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 damage 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 and with 100 m² of built property, with the amount to be paid for this concept throughout the validity of the operation being €6,340.00). 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.

Payment Account: you must maintain an account with CaixaBank throughout the loan term. The customer will pay the maintenance fees for the payment account that amount to 15 euros per quarter. The calculation of the discounted and non-discounted APR will take into account this maintenance cost.

Discount terms and conditions: these are percentage points that will be deducted from the NIR, if the following products are taken out. (i) direct deposit of salary or pensions > €600 + direct debit payments of 3 bills + purchases with cards*** marketed by CaixaBank, S.A. where the account holder is the debtor and when settlements are paid by direct debit from a demand deposit account opened in CaixaBank, S.A. by the holder of the same and which have been used to make at least three purchases during the last three months: 0.25 pts; (ii) taking out a home insurance policy 0.25 pts; (iii) contracting of a life insurance policy*: 0.25 pts; (iv) Financing or subscription to a "SECURITAS DIRECT Home Alarm" ** service or subscription to the "SENIORPROTECTION SERVICE" **: 0.25 pts. The aforementioned services must always be marketed by Caixabank, S.A. or by Facilitea Selectplace, S.A.U. 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 recipients' compliance with said requirements. Purchase of the products listed above is optional. Each of the products can be taken out independently. There is no difference between the combined offer price and the offer price for separate products (prices of the products and services specified do not vary whether taken out in combination or separately).

*Life insurance (simulation of life insurance and repayment) €226.58 annual premium (under the premise that the premium will not vary during the validity of the operation nor will it be updated in keeping with the capital repaid or the age of the contractors). The premium is calculated based on the purchase of a life insurance policy for 50% of the capital and with a policyholder of 30 years of age. The cost of this service will be paid by the customer if it is applied for.

** Subscription or financing of the "SECURITAS DIRECT Home Security Alarm" service, marketed by Facilitea Selectplace, S.A.U. and/or financed by CaixaBank, with financed meaning the provision of a loan at an APR of 0% and a NIR of 0% (48 monthly payments of €52.03, interest free, to finance the purchase, installation and maintenance of the alarm). Total amount payable and RRP: €2,497.44 / Total price in instalments. Total credit amount €2,497.44. The total cost of credit for the consumer is €0. The maintenance service of the alarm must remain for the rest of the term of the mortgage, with a cost of 52.03 euros per month. French amortisation system¹. Subscription to the “Senior Duo Protection Service”, marketed by Facilitea Selectplace, S.A.U., RRP: €1,224.00. The maintenance service must remain for the rest of the term of the mortgage, with a cost of 34.00 euros per month. For the purposes of calculating the APR, the cost of the Securitas Direct alarm service will be taken into account, as it is higher than the cost of the Senior Duo Protection service.

*** Card maintenance cost (simulation of the Visa Electron Debit card) marketed by CaixaBank: €36 / year. The calculation of the discounted APR will take this maintenance cost into account. The cost of this service will be paid by the customer if it is applied for.

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 APR, pursuant to the law, covers the financial terms and conditions of the example, the expenses and the access services under the assumption that the premium of the insurance policy will not vary during the validity of the contract.

¹ French amortisation 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 capital at the start of each monthly period. The difference to the amount of the payment is the part corresponding to capital repayment.

Every month, interest must be paid on the outstanding capital. When the loan is first taken out there is a lot of capital to repay, which is why the interest payment is higher than the capital repayment at first. As we want instalments to remain constant, the interest part declines and the capital 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 capital repayment. In contrast, 20 years later, the final payment will be €1.85 in interest and €591.04 in capital.

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.

NRI: 6978-2024/09542