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Crédito Habitação Jovem - Under‑35s Mortgage

Under 35s

  • New, more competitive mortgage spreads 
  • Special conditions for mortgage switching 
  • Fixed interest rate option

Under‑35s Mortgage

 

Discover all the benefits of novobanco’s Under‑35s Mortgage and get your quote online today.

Under‑35s with state personal guarantee

A government‑backed measure that enables young people aged 18 to 35 to access a mortgage for 100% of the purchase price when buying their first main residence. 

This solution is available under:

*After clicking on these links, you will be redirected to official Portuguese Government documents. Please note that these documents are only available in Portuguese.

Discover the benefits of applying for your Under‑35s mortgage with novobanco :
 
  • Waiver of initial fees

    Waiver of application, valuation and loan setup fees

    This waiver applies upon mandatory subscription of the First Bank Pack - Pack Primeiro Banco and the Pack Proteção - Protection Pack

  • Instant pre‑approval

    Find out immediately after applying if your mortgage can be approved

  • Fixed, Mixed or Variable interest rates
    • Fixed or mixed interest rate for 2, 3, 4, 5, 10, 15, 20, 25 or 30 years
    • Variable interest rate indexed to Euribor at 3, 6 or 12 months
  • Multi‑solution loan (APR: 5.9% | 5.2%)

    Your parents or a close family member can help you buy your home and also benefit from advantages on their own mortgage

    Learn more
     

  • Apply fully online

    Apply for your Mortgage wherever you are, with no need to visit a Branch

See example

João saved €863.20 when buying a home with a novobanco mortgage

João was 30 years old and needed financing of €150,000.

By taking out his mortgage with novobanco, João paid no application assessment fees, no valuation fees and no deed formalisation fees.

Fees covered or reimbursed

Costs covered or reimbursedAmount saved
Application assessment fee€332,80
Valuation fee€208,00
Loan formalisation fee€332,40
Total savings€863,20



After signing the deed, João achieved total benefits of €863.20, fully supported by novobanco.

In addition, as João was under 35 years old and was purchasing his first main residence, and under current legislation, he was exempt from IMT, registration fees and stamp duty.

If you want to improve the conditions of your mortgage, follow João’s example. 

APR 5.0% | APR 4.3% with optional ancillary products (*)

(*) Subject to the subscription of the following products: salary domiciliation; home multi-risk insurance with Mudum; life insurance linked to the mortgage with GamaLife; and packaged account. Eligibility for these products is verified on a monthly basis. Failure to maintain the required products will result in the loss of the spread reduction benefits from the 3rd instalment onwards.

Discover the benefits of switching your Mortgage to novobanco:
 
  • Transfer cost support - Applies to loans from €100,000
    • Registration and deed cost reimbursement  
    • Early repayment fee covered, up to 0.5% of the transferred amount 
    • Waiver of initial fees:
      Application assessment. Valuation. Loan setup
    • See example

     

  • Fixed, mixed or variable interest rates
    • Fixed or Mixed rate for 2, 3, 4, 5, 10, 15, 20, 25 or 30 years
    • Variable rate linked to Euribor at 3, 6 or 12 months
  • Apply fully online

    Apply for your mortgage wherever you are, without visiting a Branch

  • Instant pre‑approval

    Find out straight away whether your application can go ahead

João saved €1,404.00 in mortgage switching costs

João was 30 years old and needed financing of €150,000.

By switching his mortgage to novobanco, João paid no application assessment fees, no valuation fees and no deed fees. He also received reimbursement for registration and deed costs.

Switching costs covered:

Custos Suportados/Reembolsados Amount saved
Application assessment fees332,80 €
Valuation fees322,40 €
Registration costs208,00 €
Deed fees225,00 €
Deed execution costs315,80 €
Total:1 404,00 €

 

After completing the notarial deed, João achieved total savings of €1,404.00 in mortgage switching costs, fully supported by novobanco.

If you want to save money and improve the conditions of your Mortgage, follow João’s example. 

APR 4.9% | APR 4.2% with optional ancillary products (*)

(*) Subject to the subscription of the following products: salary domiciliation; home multi-risk insurance with Mudum; life insurance linked to the mortgage (CH) with GamaLife; and a packaged account. Eligibility for these products is verified on a monthly basis. Failure to maintain the required products will result in the loss of the spread reduction benefits from the 3rd instalment onwards.

Spread reduction
Spread reduction

Spread reduction

Spread reduction of 0.1%.

Valid when all loan holders are young people aged up to and including 35 years.

 

Variable rate indexed to 12-month Euribor plus a spread starting from 0.8% (*).
APRC 4.9% | APRC 4.1% with optional bundled products (*)

 

Fixed or mixed rate up to 30 years plus spread.
APRC 5.0% | APRC 4.3% with optional bundled products (*)

 

(*) Assumes subscription to the following products: salary domiciliation. home multi-risk insurance with Mudum. life insurance associated with the mortgage with GamaLife and a packaged account. Compliance with these requirements is checked monthly. Failure to maintain the required products results in the loss of the spread reduction benefits after the 3rd instalment.

Under‑35s Mortgage. Innovative solutions

  • Your parents or a close family member can apply for a multi‑solution loan

    Multi‑solution loan to support you 
    APR: 5.9% | 5.2% with optional associated sales (*).

    Your parents or a close family member can mortgage their home to novobanco to take out a Multi‑solution loan that can help you: 
    • Pay the down payment on your home 
    • Reduce the amount you need to borrow 
    • Lower your monthly instalment 
    • Reduce your spread 
    • Improve the affordability ratio, which can be key for credit approval

Who is this for

Young people up to 35 years old.

Requirement

These solutions require the participation of parents or a close family member.

Apply for your mortgage in a simple, fully digital process.

Online Mortgage

Apply for your mortgage

Calculate now
1

Get a quote

There are many options available and you will find the one that fits you. 
Get a quote, save it and submit whenever you want

*To use the calculator, please select English in the top right corner

2

Submit your application

Submit your mortgage application online and upload the documents required for the process

3

Complete the deed

Track the status of your application online. You only need to visit a Branch to complete the deed

Calculate now

General features

Under‑35s mortgage

  • Main residence  
    Up to 90% of the property valuation or 90% of the deed value. The lower value applies.
  • Other purposes 
    Holiday home or buy‑to‑let. Up to 80% of the property valuation or 80% of the deed value. The lower value applies.

Property valuations and estimated construction or renovation costs are always carried out by valuers appointed by novobanco, certified by the CMVM.

  • Variable interest rate  
    Indexed to 12‑month Euribor, plus a spread from 0.9% (*).
  • Fixed interest rate  
    Applies for the full loan term, for 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread.
  • Mixed interest rate 
    Initial fixed‑rate period of 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread. 
    After that, the rate becomes variable, indexed to 12‑month Euribor, plus spread.

  • Age up to and including 30. Maximum term 40 years 
  • Age 31 to 35. Maximum term 37 years 
  • Age over 35. Maximum term 35 years

The age of the oldest borrower must not exceed 75 years at the end of the loan.

  • Loans are secured by a mortgage over the property, and over the land in the case of construction. 
  • The mortgage on the financed property may be partially or fully replaced by a mortgage over another property. 
  • You may also use guarantors to secure repayment of the mortgage.

  • The mortgage is automatically settled with the payment of the final instalment.
  • Early repayment 
    – Fixed interest rate. Early repayment fee of 2% on the repaid capital 
    – Variable interest rate. Early repayment fee of 0.5% on the repaid capital
  • Legal exemptions 
    – Under Decree‑Law 80‑A/2022 (25 November), early repayments of variable‑rate mortgages for the purchase or construction of a main residence are exempt from fees until 31/12/2023 
    – Under Decree‑Law 74‑A/2017 (23 June), early repayment due to death, unemployment or professional relocation is exempt from fees

For parents or a close family member

  • Financing up to 80% of the property valuation.
  • The total borrowed amount must not exceed the amount required to purchase the child’s home, meaning: 
    Child’s loan + Parents’ or family member’s loan = purchase price of the home + deed and registration costs.
  • Property valuations or estimated construction or renovation costs are always carried out by valuers appointed by novobanco, certified by the CMVM.

  • Variable interest rate 
    Indexed to 12‑month Euribor, plus a spread from 1.0% (*).
  • Fixed interest rate 
    Applies for the entire loan term, for 2, 3, 5, 10, 15, 20, 25 or 30 years, plus spread.
  • Mixed interest rate 
    During an initial period of 2, 3, 5, 10, 15, 20, 25 or 30 years, the rate is fixed plus spread. 
    For the remaining term, the rate becomes variable, indexed to 12‑month Euribor, plus spread.

  • Up to age 50 
    Maximum loan term of 30 years, provided the age of the oldest borrower does not exceed 75 at the end of the loan.
  • From age 50 onwards 
    Maximum loan term of 30 years, provided the age of the oldest borrower does not exceed 80 at the end of the loan.

  • The mortgage is automatically settled with the payment of the final instalment.
  • Early repayment 
    – Fixed interest rate: early repayment fee of 2% on the repaid capital 
    – Variable interest rate: early repayment fee of 0.5% on the repaid capital
  • Legal exemptions 
    – Under Decree‑Law 80‑A/2022, of 25 November, early repayments of variable‑rate mortgages for the acquisition or construction of a main residence are exempt from early repayment fees until 31/12/2023 
    – Under Decree‑Law 74‑A/2017, of 23 June, early repayments due to death, unemployment or professional relocation are exempt from fees

Mortgage spread reduction conditions

Reduce your spread by 0.5% with the First Bank Pack.

Salary crediting 
Monthly salary or pension credits identified with payment types “08” or “11”. 
Other types of credits may be accepted, subject to: 
• A minimum monthly amount above €250 
• A minimum regular crediting period of 4 months

Packaged current account 
A current account with bundled products and services. When taken out together, they benefit from improved conditions and a favourable account fee.

Reduce your spread by 0.2% with the Protection Pack.

Mortgage Life Insurance 
Life insurance (GamaLife) linked to the mortgage, ensuring full repayment of the outstanding balance in the event of death or total and permanent disability, for all non‑exempt borrowers.

Home Multi‑risk Insurance 
Home insurance from GNB Seguros, Maxi or Top plans, associated with the mortgage.

You may choose insurance from another insurer, provided the policy includes equivalent cover and minimum required terms. 
In that case, the 0.2% spread reduction does not apply.

Reduce your spread by 0.2% with the Relationship Pack.

360º Account

Other spread reductions
Customers up to 35 yearsUp to 0.1% reduction
Energy‑efficient homes (A+, A ou B)Up to 0.1% reduction

Documents

General Pre‑contractual Information General Pre‑contractual Information

Variable Rate:

Excluding the impact of optional associated sales: APRC of 4.9%; Variable APR of 4.255% (12-month Euribor of 2.855% as of July 2026 and spread of 1.40%); monthly instalment of €738.35; MTIC (total amount payable by the consumer): €280,328.14; average annual life insurance premium of €222.12. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.1%; Variable APR of 3.505% (12-month Euribor of 2.855% as of July 2026 and spread of 0.65%); monthly instalment of €673.99; MTIC (total amount payable by the consumer): €257,876.06; average annual life insurance premium of €212.38. Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): €2,233.20; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: Pack 1º Banco - First Bank Pack (salary domiciliation and Conta Pacote - Packaged Account) and Pack Proteção - Protection Pack (comprehensive home insurance with Mudum and life insurance linked to Crédito Habitação - Mortgage with GamaLife).

Fluctuations in the interest rate may lead to an increase in the amount payable.

The interest rate applied may become negative depending on changes to the relevant index.

Fluctuations in the interest rate may lead to an increase in the amount payable.

The interest rate applied may become negative depending on changes to the relevant index.

2-year Mixed Rate:

Excluding the impact of optional associated sales: APRC of 5.0%; Fixed APR of 4.382% (2-year fixed rate of 2.982% and spread of 1.40%) followed by Variable APR of 4.255% (12-month Euribor of 2.855% as of July 2026 and spread of 1.40%); 24 monthly instalments of €749.55 and 336 monthly instalments of €738.91; MTIC (total amount payable by the consumer): €284,408.83; average annual life insurance premium of €223.76. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.3%; Fixed APR of 3.632% (2-year fixed rate of 2.982% and spread of 0.65%) followed by Variable APR of 3.505% (12-month Euribor of 2.855% as of July 2026 and spread of 0.65%); 24 monthly instalments of €684.67 and 336 monthly instalments of €674.56; MTIC (total amount payable by the consumer): €261,771.27; average annual life insurance premium of €214.03. Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): €2,233.20; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.

Fluctuations in the interest rate may lead to an increase in the amount payable.

The interest rate applied may become negative depending on changes to the relevant index.

5-year Mixed Rate:

Excluding the impact of optional associated sales: APRC of 5.0%; Fixed APR of 4.426% (5-year fixed rate of 3.026% and spread of 1.40%) followed by Variable APR of 4.255% (12-month Euribor of 2.855% as of July 2026 and spread of 1.40%); 60 monthly instalments of €753.45 and 300 monthly instalments of €740.30; MTIC (total amount payable by the consumer): €285,829.72; average annual life insurance premium of €224.33. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.3%; Fixed APR of 3.676% (5-year fixed rate of 3.026% and spread of 0.65%) followed by Variable APR of 3.505% (12-month Euribor of 2.855% as of July 2026 and spread of 0.65%); 60 monthly instalments of €688.39 and 300 monthly instalments of €675.95; MTIC (total amount payable by the consumer): €263,128.30; average annual life insurance premium of €214.60. Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): €2,233.20; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.

Fluctuations in the interest rate may lead to an increase in the amount payable.

The interest rate applied may become negative depending on changes to the relevant index.

Fixed Rate:

Excluding the impact of optional associated sales: APRC of 6.4%; Fixed APR of 5.751% (30-year fixed rate of 4.351% and spread of 1.40%); monthly instalment of €875.45; MTIC (total amount payable by the consumer): €330,260.69; average annual life insurance premium of €241.27. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 5.7%; Fixed APR of 5.001% (30-year fixed rate of 4.351% and spread of 0.65%); monthly instalment of €805.32; MTIC (total amount payable by the consumer): €305,738.36; average annual life insurance premium of €231.73. Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year-old borrower. Multisoluções - Multi-solution Loan of €100,000 over 30 years, with a total of 360 instalments, 50% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): €1,708.20; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.

Multisoluções Família - Family Multi-solution Loan. Variable Rate:

Excluding the impact of optional associated sales: APRC of 5.9%; Variable APR of 4.305% (12-month Euribor of 2.855% as of July 2026 and spread of 1.45%); monthly instalment of €247.58; MTIC (total amount payable by the consumer): €102,529.92; average annual life insurance premium of €377.62 (**). Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 5.2%; Variable APR of 3.555% (12-month Euribor of 2.855% as of July 2026 and spread of 0.70%); monthly instalment of €226.06; MTIC (total amount payable by the consumer): €95,357.60; average annual life insurance premium of €369.27 (**). Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For two 50-year-old borrowers. Multisoluções - Multi-solution Loan of €50,000 over 30 years, with a total of 360 instalments, 80% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): €545.00; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.

(**) From the age of 65, the life insurance premium used to calculate the APRC and MTIC is €0, as taking out this insurance is no longer mandatory.

Fluctuations in the interest rate may lead to an increase in the amount payable.

Transfers - 5-year Mixed Rate:

Excluding the impact of optional associated sales: APRC of 4.9%; Fixed APR of 4.426% (5-year fixed rate of 3.026% and spread of 1.40%) followed by Variable APR of 4.255% (12-month Euribor of 2.855% as of July 2026 and spread of 1.40%); 60 monthly instalments of €753.45 and 300 monthly instalments of €740.30; MTIC (total amount payable by the consumer): €283,596.52; average annual life insurance premium of €224.33. Demand deposit account quarterly maintenance fee of €16.20 (including Stamp Duty).

Including the impact of optional associated sales (*): APRC of 4.2%; Fixed APR of 3.676% (5-year fixed rate of 3.026% and spread of 0.65%) followed by Variable APR of 3.505% (12-month Euribor of 2.855% as of July 2026 and spread of 0.65%); 60 monthly instalments of €688.39 and 300 monthly instalments of €675.95; MTIC (total amount payable by the consumer): €260,895.10; average annual life insurance premium of €214.60. Monthly Packaged Account Maintenance Fee of €8.22 (including Stamp Duty).

For a 30-year €150,000 loan with a total of 360 instalments, 60% LTV and a mortgage guarantee.

Initial fees and expenses (including ISUC [Stamp Duty on credit usage]): exempt; fees and regular expenses: comprehensive home insurance (annual premium of €122.63).

(*) Presupposing subscription to the following products: salary domiciliation, comprehensive home insurance with Mudum, life insurance linked to Crédito Habitação - Mortgage with GamaLife and Conta Pacote - Packaged Account.

Fluctuations in the interest rate may lead to an increase in the amount payable.

The interest rate applied may become negative depending on changes to the relevant index.

Subject to commercial approval. This message does not preclude consultation of the legally required pre-contractual and contractual information.

For more information see www.novobanco.pt, contact one of our branches, or the Direct Line. 

PUB | NOVO BANCO S.A. | Registered no. 7 at Banco de Portugal