Representative example of mixed rate
(1) APR of 5.4%, considering the optional subscription of products/services*, for a funding example with a Fixed Nominal Annual Rate (TAN) of 3.700% during the 2-year fixed rate period (fixed rate of 2.900%, value of April 2024, plus a spread of 0.80%). In the remaining period, the Variable TAN is 4,695%, resulting from the added spread of 0.80%, to the Euribor index for the 6 months of April 2024 (3,895% - average of the daily Euribor 6-month quotations of the previous month, on a 360-day basis rounded to the nearest thousandth) - 24 monthly installments of €460,28 and 336 monthly installments of €515.19. The Total Amount Attributed to the Consumer is €199.549,35.
(2) EAR of 5,8% for a funding example with a Fixed Nominal Annual Rate (TAN) of 4,100% during the 2-year fixed rate period (2,900% fixed rate, April 2024 value, plus 1 .20%). In the remaining period, the Variable TAN is 5,095%, resulting from the addition of the spread of 1.20%, to the Euribor index for the 6 months of April 2024 (3,895% - average of the daily Euribor 6-month quotations of the previous month, on a 360-day basis rounded to the nearest thousandth) - 24 monthly installments of €483.20 and 336 monthly installments of €539.52. The Total Amount Attributed to the Consumer is €208.441,54.
Funding examples of €100,000.00, for 30 years, for 2 joint account holders for a 30-year period, and funding/guarantee ratio of 80%, intended for the acquisition of permanent housing. Commissions and Expenses at the beginning of the term: €2,419.89; Commissions during the term (monthly): €5.41 commission for maintaining a Current Account Deposit; (annual): €18.20 commission for providing the Debit Card; Insurance premiums: Multi-risk (annual): €78.60; Life Insurance (average monthly value): €23.30.
* These values assume an optional subscription to four of the following products/services: Salary Account; Credit Card with minimum use of €500/semester (maximum EAR of 18,6%) (1); PPCH Life Insurance (subscribed to Lusitania Vida Seguros) (2); Housing Coverage Insurance (subscribed with Lusitania Seguros) (2); Protection Insurance (subscribed to Lusitania Seguros and/or Lusitania Vida Seguros): vehicle, accident or health (2); Member of Montepio Mutualist Association.
Representative example of variable rate
(3) EAR of 5.6%, considering the optional subscription of products/services*, for a funding example with a Variable Nominal Annual Rate (TAN) of 4,695%, resulting from the added spread of 0.80% to the Euribor index to 6 months of April 2024 (3,895% - average of the daily Euribor 6-month quotations of the previous month, on a 360-day basis rounded to the nearest thousandth) - 360 monthly installments of €518,34. The Total Amount Attributed to the Consumer is €202.047,29.
(4) EAR of 6.0% for a funding example with a Variable Nominal Annual Interest Rate (TAN) of 5,095%, resulting from adding a spread of 1.20% to the Euribor index for 6 months of April 2024 (3,895%- average of daily Euribor 6-month quotations of the previous month, on a 360-day basis rounded to the nearest thousandth) – 360 monthly installments of €542,64. The Total Amount attributed to the Consumer is €210.961,89.
Finance examples for €100,000.00, for a 30-year period, for 2 joint account holders for 30 years, and funding/guarantee ratio of 80%, intended for the acquisition of permanent housing. Commissions and Expenses at the beginning of the term: €2,419.89; Commissions during the term (monthly): €5.41 commission for maintaining a Current Deposit Account; (annual): €18.20 commission for providing the Debit Card; Insurance premiums: Multi-risk (annual): €78.60; Life Insurance (average monthly value): €23.43.
* These values assume an optional subscription to four of the following products/services: Salary Account; Credit Card with minimum use of €500/semester (maximum EAR of 18,6%) (1); PPCH Life Insurance (subscribed to Lusitania Vida Seguros) (2); Housing Coverage Insurance (subscribed with Lusitania Seguros) (2); Protection Insurance (subscribed to Lusitania Seguros and/or Lusitania Vida Seguros): vehicle, accident or health (2); Member of Montepio Mutualist Association.
Campaign valid for proposals opened from February 15, 2023 to June 30, 2024 and contracted until August 31, 2024.