mortgages and loans
Mortgages
Thinking about buying a house? What would your dream home be like?
At Creand, we want to help you to start this new chapter, with everything you need to get the home you want.
Benefits
The mortgage is a loan with a mortgage guarantee to which a variable interest rate is applied and revised periodically, adjusting it to the agreed benchmark rate.
Decide on the amount to finance
With maximum financing of 80% of the value of the property, so that you can get started on your new project easily.
Up to 25 years
Choose the period of time you will have to make the payment.
According to your income
We will establish instalments based on borrowing capacity, which will not exceed 40% of the household’s monthly income.
Calculate your payments
Calculate your fee
Configure the loan according to your financing needs and benefit from a very advantageous variable interest rate.
Detail of your loan
Check the fee and other characteristics of the loan by clicking on "Calculate".
Monthly Fee
Requested amount:
To be returned in:
Variable interest rate:
APR:
Available for people over 18 years old
Maximum term: 25 years
Study fee:
Total or partial cancellation fee:
PrintThe interest rate applicable is the annual Euribor of 09/14/23.
You must have your salary paid directly into your account and set up at least three direct debits, as well as take out the Life Financing Insurance.
Any financing operation requires a study by Crèdit Andorrà and the granting of a loan is subject to the bank’s risk criteria.
The simulations carried out by the bank’s calculator on the basis of data included by the customer/user are merely informative. Therefore, they do not constitute a binding offer or recommendation by Crèdit Andorrà to contract the product indicated, nor any commitment by the bank to grant said product, nor any commitment by the customer/user utilising the simulator to apply for or take out said product. The information contained in the simulator does not replace or amend that included in the pre-contractual and contractual documentation relating to an application for financing. In particular, Crèdit Andorrà will provide the customer/user with the documents established by the applicable regulations.
Costs
Valuation and appraisal
From €300.
Notary expenses
Property transfer tax
Certificate of habitability
Formalisation of the loan
Depending on the type of mortgage, a payment of between 0.50% and 1.50% of the amount borrowed.
Insurance
Life and home insurance are compulsory, and you can also take out management insurance for administrative procedures.
Documentació necessària
- Creand customers: CASS points.
- Non-customers: CASS points, residence certificate, passport, National Identification Document (DNI) and bank statement covering the last 6 months.
- Property valuation report.
- Actual cost to be paid and, if applicable, photocopy of the promise of sale agreement with the real estate agent or seller.
- Photocopy of the public deed.
Frequently-asked questions
If you are interested in applying for a mortgage, you should inform the bank about your employment situation, your income, your payroll documents, your employment history and also if you have other properties or loans. You should also bear in mind that the monthly mortgage payment cannot exceed 30% of your net income. However, you will have to disclose your family situation and age, as the bank does not allow the holder to be over 65 at the end of the payment.
Irrespective of these factors, there are other ways to enhance your creditworthiness. On the one hand, by contributing 2 holders to the mortgage, as this would represent a double guarantee. And on the other hand, including guarantors, as they would guarantee your commitment to pay the mortgage with their own assets. Of course, they will have to have a stable income or be free of encumbrances.
Finally, you will have to take an appraisal of the property you want to mortgage to the bank, which usually grants 80% of the appraised value. At this point, you will have to consider whether you can afford the remaining 20% and the costs associated with the purchase.
If you sell the property for a higher price than the outstanding principal amount of the current mortgage loan, you will be able to repay the debt when the sale is completed. You can also cancel the loan on the day the deed is signed at the notary’s office.
This is a document created by the banks at the request of the client who holds the loan, certifying the outstanding debt of the mortgage loan.
The information set out in the certificate is as follows: the outstanding principal of the mortgage loan, the date of issue of the certificate. It may also note late payment interest for unpaid instalments and possible fees or penalties for early cancellation.
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Payroll Account
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