The Fixed Mortgage from Banco Sabadell (2.75% TIN), the Real Madrid Variable Mortgage from Unicaja (and 0.45%) and the Mixed Mortgage from Ibercaja (with a five-year fixed rate of 2.25% TIN and one Euribor variable 0.65%) are the cheapest mortgages in April 2024, according to an analysis by Kelisto.es, which examines the mortgage market taking into account objective ranking criteria, such as the interest of each offer, the commissions and the number of products or services that reduce the interest of each loan.
Following their offers are other loans to finance the purchase of a home, such as the fixed mortgage from Banco Santander (2.8%) and that from EVO Banco (2.9%) at a fixed rate; the Banco Sabadell Mixed Mortgage (from 2.25% fixed for the first three years and 0.85%) and the EVO Banco Mixed Mortgage (from 2.35% fixed for the first five years and 0.6%) at a mixed rate ; and the mortgages of EVO Banco and Kutxabank, at 0.48% and 0.49% respectively, at a variable rate.
The cheapest fixed mortgage in April is the Banco Sabadell Fixed Mortgage. With an interest rate of 2.75% TIN (regardless of the chosen repayment period), this loan for the purchase of a home has no opening fee, although it does apply charges for early repayment: in the event that a financial loss occurs for The entity, Banco Sabadell, will charge you 2% during the first 10 years and 1.5% during the rest, which are the maximums established by law.
In order to access the cheapest fixed mortgage on the market under these conditions, the entity will require you to meet several bonus requirements:
In April, the cheapest variable mortgage on the market is the Real Madrid Variable Mortgage from Unicaja, with an interest rate of 0.45% Euribor. Of course, as usually happens with loans of this type, at first you will have to pay a fixed exit rate: in this case, 2.40% TIN during the first 12 months.
Regarding its commissions, the cheapest variable mortgage this month has an opening commission (300 euros) and early repayment charges, which are only charged if the operation generates a financial loss for the entity. In this case, the client may agree with the bank on one of the following formulas, which corresponds to the maximum allowed by current regulations:
If you want to get the best variable mortgage on the market under these conditions, you will have to meet the bonus requirements demanded by Unicaja:
If what you are interested in is getting a mixed mortgage, the cheapest on the market in April is the Let's Mixed Mortgage from Ibercaja: with this offer you will pay a fixed interest of 2.25% TIN during the first five years and, from Sixth, they will apply a variable rate of Euribor 0.65%.
In addition to offering the lowest initial interest on the market, Ibercaja's mixed mortgage also stands out for being a mortgage without commissions: that is, it does not charge anything for opening or for early repayment (or what is the same, for repaying your debt, or part of it, ahead of time).
In order to access the cheapest mixed mortgage under these conditions, Ibercaja will require you to respect several bonus requirements:
The first parameter that you should analyze to get a cheap mortgage is the interest applied by each offer, since the lower it is, the less your bank will be charging you for lending you money. Of course, you should not forget that issues such as commissions, the products that require you to contract to achieve the maximum bonus or even the maximum percentage that you can finance will also influence the final cost of the operation.
If you want to make sure that you take out one of the cheapest mortgages on the market, it is important that you set out a very clear roadmap that includes the following steps:
