Purpose
Purchase of a property in Portugal by non-resident citizens for use as a main residence and second home.
Max. Finance
Up to 70% of the house purchase value, according to applicant’s profile and guarantees provided. Maximum loan amount of 3,000,000€.
Mortgage Term
Minimum of 7 years and maximum of 30 years. Up to 75 years (limit age of the oldest applicant at the end of the loan).
Interest Rate
Three interest rate options: Fixed interest rate of 10, 11, 12, 13, 14 or 15 years (agreed with UCI at the moment of signing and without addition of margin); Mixed interest rate of 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 or 15 years (agreed with UCI at the moment of signing and without addition of margin) or indexed to Variable interest rate (Euribor six-month) plus margin. Margin is defined according to the loan terms.
APR 15 Year Fixed Rate of 2.612%.
Financing example for a 15 year Fixed Rate Mortgage, for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 180 months, corresponding to 180 monthly repayments of €638.91. Loan with fixed Nominal Annual Percentage Rate of 1.900%, in force in June 2021. Total or partial early repayment fee of 2% on the repaid capital. Total amount payable by the consumer of €120,162.84. Total credit cost of €20,162.84.
Financing example for two 30-year-old holders. It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €520.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).
APR Mixed Rate (15 years-Fixed Rate) of 2.715%.
Financing example for a Mixed Rate Mortgage (15 year Fixed Rate) for a total amount of €100,000.00, a purchase price of €150.000.00 and a mortgage term of 360 months, corresponding to 180 monthly repayments of €379.70 and 180 monthly repayments of €339,94. Loan with fixed Nominal Annual Percentage Rate of 2.200%, in the first 15 years, in force in June 2021. In the following periods, the loan is indexed to Euribor for 6 months (-0.513%), in force in June 2021, plus a spread of 1.190%, resulting in a variable Nominal Annual Percentage Rate of 0.677%, rounded to the thousandth. Total or partial early repayment fee of 2% on the repaid capital in the fixed rate periods and 0.5% in the variable rate periods. Total amount payable by the consumer of €144.468.60. Total credit cost of €44.468.60.
Financing example for two 30-year-old holders. It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €520.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).
APR Variable Rate of 1.745%.
Financing example for a Variable Rate Mortgage, for a total amount of €100,000.00, a purchase price of €150,000.00 and a mortgage term of 360 months, corresponding to 360 monthly repayments of €332.64. Loan indexed to Euribor for 6 months (-0.513%), in force in June 2021, plus a spread of 1.750%, resulting in a variable Nominal Annual Percentage Rate of 1.745%, rounded to the thousandth. Total or partial early repayment fee of 0.5 % on the repaid capital. Total amount payable by the consumer of €127,527.24. Total credit cost of €27,527.24.
Financing example for two 30-year-old holders. It includes the initial expenses with compulsory multi-risk home insurance 174.54€ (average annual value), opening fee €520.00 (taxes included), administrative and contract fees €416,00 (taxes included), property valuation fee €221,00 (taxes included), stamp duty on the agreement €600.00, registration fees €240.00, notary fees €153.75 (taxes included), solicitor services €389.48 (taxes included).
Find out more at UCI – Unión de Créditos Inmobiliários, S.A., Establecimiento Financiero de Crédito (Sociedad Unipersonal) – Sucursal em Portugal, lender entity registered with the Bank of Portugal under code 403 as a credit institution. The UCI home loan solution is a credit agreement secured by mortgage. This information is not considered an offer of financial conditions nor a substitute for fully reading the conditions of the product. These conditions are valid for agreements signed under the Home Loan scheme. If the loan is granted in a foreign currency, the instalments may increase according to the applicable exchange rate fluctuations. APR calculated according to Decree-Law No. 74 A/2017, of 23 June. Information updated on 01 June 2021.