|INTEREST RATE||The interest rate can be variable or fixed. The applied spread results from an evaluation between that which is applied to the current loan and minimum costs (with assumption of maximum bonus), taking into account the LTV and the sum applicable for the new Loan. Minimum spread of 1.50% or 1.25% for NOVO BANCO property.
Example: A client who has NOVO BANCO Home Loan with an outstanding sum of 100,000 and a spread of 1%, who wants to change homes and obtain a Home Loan requiring an additional 75,000. Under these circumstance the new spread will be [(100,000x1%) / (100,000 + 75,000) + (75,000x2,35%) / (100,000 + 75,000)] = 1.579%
|SEGUROS OBRIGATÓRIOS||Seguro Vida.
Seguro Casa ( ver produto ).
APR of 1.8%; NAR Variable of 1.059% (12 month Euribor at -0.191% from April 2018 and spread of 1.25%); Monthly repayment 486.54; MTIC: 193,458.76.