Taking your variable or fixed mortgage to another bank to improve its conditions. This is the idea that may be on the minds of many in light of the recent rises in interest rates. Which banks offer the most interesting subrogations?
For those mortgaged who have a loan at variable rate there are several options.
One of them is the one that counts EVO Benchthe digital entity of the Bankinter group. It offers an interest rate of 2.2% APR for the first two years and Euribor plus 0.48% for the rest. The APR remains at 4.18%.
In exchange, it requires direct deposit of a payroll and the purchase of home and life insurance. There is no opening or cancellation fee.
Another entity is INGwhose mortgage has an interest rate of 2.40% APR for the first year. The rest will be Euribor plus 0.65%. The APR is set at 4.69%. To join, you must meet three conditions: deposit your salary and take out home and life insurance. There is no opening fee, but there is a 0.15% fee for partial or total early repayment for the first five years.
For its part, Openbank It offers an interest rate of 2.37% NIR in the first year and Euribor plus 0.77% for the rest of the period. The APR is 4.69%.
In this case, the bank reduces the interest rate depending on the number of products that the client contracts: direct debit of certain income, contracting home or life insurance, having a credit card and using it once a month, as well as carrying out subscriptions, contributions or transfers in pension plans or investment funds.
On the other hand, for those with mortgages at a fixed rate For those considering transferring the loan, Openbank also stands out with an interest rate of 2.72% APR in exchange for domiciling a payroll of at least 900 euros and taking out home and life insurance. In addition, EVO Banco offers an APR of 2.9%, fulfilling the same conditions although without a minimum income. Meanwhile, MyInvestor has an interest rate of 3.49% APR.
