Youth Mortgage Solutions
GET RID OF THE FEE-ITCH.
Take out a mortgage with Banco Montepio.
Take advantage of the benefits when you take out a loan to buy a home, build a house or carry out building work.
Get rid of those fees that make you itch.
We are waiving the fees charged by Banco Montepio in connection with taking out the new loan, totalling €730*:
- Property valuation
- Application review
- Loan arrangement
*Offer valid for applications submitted by 31 March 2027 and loans taken out by 31 May 2027.
And the fees are just the start…
State Personal guarantee
Would you like to buy a house without a deposit?
Are you aged between 18 and 35 and need 100 per cent financing?
With the government’s personal guarantee, the bank can finance 100 per cent of the purchase of your first home, and you no longer need to have your own funds for a deposit.
Exemption from IMT and Stamp Duty
And would you like not to have to pay tax?
*This promotion is valid for loan applications submitted by March 31, 2027, and approved by May 31, 2027, and applies whenever the loan amount is €100,000 or more.
Please review the general terms and conditions for using the prepaid card.
*This campaign is valid for proposals submitted by March 31, 2027, and contracts signed by May 31, 2027.
*This campaign is valid for proposals submitted by March 31, 2027, and contracts signed by May 31, 2027.
*This promotion is valid for loan applications submitted by March 31, 2027, and approved by May 31, 2027, and applies whenever the loan amount is €100,000 or more.
Please review the general terms and conditions for using the prepaid card.
Choose the type of instalment.
MIXED RATE (2-YEAR FIXED + VARIABLE)
Take advantage of the
fixed instalment for 2 years and we’ll refund the spread(1).
If you take out a fixed-rate loan for the first 2 years of the contract, we will refund the spread on each monthly instalment during that period. From the 3rd year onwards, the rate becomes variable.
Fixed rate of 2.50%
Spread from 0.70%(2)
APR from 4.1%(4) to 4.8%(5)
This is subject to taking out at least two products/services from the list below(1).
VARIABLE RATE
Or a variable instalment.
Spread from 0.70%(2)
APR from 4.1%(6) to 4.8%(7)
This is subject to taking out 4 products/services from the list below(2).
Member get Member.
Refer friends and family to Banco Montepio’s Mortgage Scheme and you could receive up to €10,000 on a prepaid card*.
Receive €1,000* for each successful referral, up to a maximum of 10 referrals. The card can be used in high street and online shops for 2 years.
*Offer valid for applications submitted by 31 March 2027 and approved by 31 May 2027. Applies when friends or family members become new Banco Montepio customers and take out a mortgage during the campaign period. Please see the terms and conditions of the offer and the general terms and conditions of use for the prepaid card.
Up to 100% Financing
Fixed, variable, or hybrid interest rate?
Terms Tailored to You
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(1) These figures are based on the optional take-up of two of the following products/services: Direct debit of salary; Credit card with a minimum spend of €500 per half-year (maximum APR of 18.0%) (8); PPCH Life Insurance (taken out with Lusitania Vida Seguros) (3); Home Protection Insurance (taken out with Lusitania Seguros) (3); Protection Insurance (taken out with Lusitania Seguros and/or Lusitania Vida Seguros): motor, accident or health (3); Member of Montepio Associação Mutualista.
(2) These figures are based on the optional subscription to four of the following products/services: Direct debit of salary; Credit card with a minimum spend of €500 per term (maximum APR of 18.0%) (8); PPCH Life Insurance (taken out with Lusitania Vida Seguros) (3); Home Protection Insurance (taken out with Lusitania Seguros) (3); Protection Insurance (taken out with Lusitania Seguros and/or Lusitania Vida Seguros): motor, accident or health (3); Member of Montepio Associação Mutualista.
(3) This does not exempt the customer from consulting the pre-contractual and contractual information required by law; it is possible to take out Life Insurance and Multi-risk Insurance with another insurer, provided that the policy includes the minimum cover and requirements stipulated by Banco Montepio.
Representative example of a mixed rate
(4) APR of 4.1%, taking into account the optional subscription to products/services (2), for an example of financing with a Fixed Nominal Annual Rate (TAN) of 3.413% during the 2-year fixed-rate period (fixed rate of 2.50%, as at September 2026, plus a spread of 0.70%). For the remaining period, the variable TAN is 3.413%, resulting from the addition of a spread of 0.70% to the 6-month Euribor rate for September 2026 (2.713% – simple arithmetic mean of the daily 6-month Euribor rates for the previous month, calculated on a 360-day basis and rounded to the nearest thousandth) - 24 monthly instalments of €432.47 and 336 monthly instalments of €443.55. The total amount payable by the consumer is €172,206.67.
Example of a €100,000.00 loan, over 30 years, for two 30-year-old borrowers, with a loan-to-value ratio of 80 per cent, for the purchase of a permanent home. Fees and charges during the term: €1,777.49; Fees during the term (monthly): €5.41 for the current account maintenance fee; (annual): €21.84 for the debit card provision fee; Insurance premiums: Multi-risk (annual): €78.60; Life insurance (average monthly amount): €16.97.
(5) APR of 4.8% for an example of a loan with a fixed Nominal Annual Rate (TAN) of 4.000% during the 2-year fixed-rate period (fixed rate of 2.50%, as at September 2026, plus a spread of 1.50%). For the remaining period, the variable TAN is 4.213%, which results from adding the spread of 1.50% to the 6-month Euribor rate for September 2026 (2.713% – the simple arithmetic mean of the daily 6-month Euribor rates for the previous month, calculated on a 360-day basis and rounded to the nearest thousandth) – 24 monthly instalments of €477.42 and 336 monthly instalments of €489.13. The total amount payable by the consumer is €186,296.28.
Example of a €100,000.00 loan, over 30 years, for two 30-year-old borrowers, with a loan-to-value ratio of 80 per cent, for the purchase of a permanent home. Fees and charges during the term: €1,777.49; Insurance premiums: Comprehensive cover (annual): €78.60; Life insurance (average monthly amount): €17.80.
Representative example of a variable rate
(6) APR of 4.2%, taking into account the optional subscription to products/services (2), for an example of a loan with a variable Nominal Annual Rate (TAN) of 3.413%, which results from adding a spread of 0.70% to the 6-month Euribor index for September 2026 (2.713% – the simple arithmetic mean of the daily 6-month Euribor rates for the previous month, calculated on a 360-day basis and rounded to the nearest thousandth) – 360 monthly instalments of €444.20. The Total Amount Payable by the Consumer is €172,716.21.
Example of a €100,000.00 mortgage, over 30 years, for two 30-year-old borrowers, with a loan-to-value ratio of 80 per cent, for the purchase of a permanent home. Fees and charges over the term: €1,777.49; Fees during the term (monthly): €5.41 for the current account maintenance fee; (annual): €21.84 for the debit card provision fee; Insurance premiums: Multi-risk (annual): €78.60; Life insurance (average monthly amount): €16.82.
(7) APR of 4.9% for an example of a loan with a variable nominal annual rate (TAN) of 4.213%, which is calculated by adding a spread of 1.50% to the 6-month Euribor index for September 2026 (2.713% – the simple arithmetic mean of the daily 6-month Euribor rates for the previous month, calculated on a 360-day basis and rounded to the nearest thousandth) – 360 monthly instalments of €489.78. The Total Amount Payable by the Consumer is €186,866.99.
Example of a €100,000.00 loan over 30 years for two 30-year-old borrowers, for a permanent owner-occupied property, with a mortgage guarantee and a loan-to-value ratio of 80 per cent. Initial costs: €1,724.99. Costs during the term of the contract: Multi-risk insurance (annual): €78.60; Life insurance (average monthly cost): €17.82. Mortgage cancellation fees: €50.
Representative example for the Gold Card
(8) APR: 18.0%; Nominal Annual Interest Rate (NAIR): 11.000%; Annual credit card activation fee of €60.00. The fee shown corresponds to the payment of 12 monthly instalments, charged in advance. The first monthly fee is charged after the card is issued, and the subsequent instalments are charged within the following 30 days. APR calculated on 1 April 2024, for a credit limit of €2,000.00 and a repayment term of 12 months.
Loan agreements will be secured by a mortgage on property. The variable interest rate applied may fall below zero depending on the performance of the relevant index.