2023-09-03 08:05:06
The drop in newly produced mortgages in the sector has had the immediate reaction of Open bankwhich has just launched a campaign for which give away 350 euros gross in cash to those who contract any of the mortgages offered by the entity and whose amount is at least 100,000 euros. It is an initiative that represents a step further than other much lighter ones, such as that of Unicaja Banco, which offers a discount at IKEA. Among the battles in the sector, Opebank has opened one that remains to be seen if it will have an impact on the competition. Until now, the gift of money has been focused on attracting clients who open accounts and take their payroll
THE OPENBANK CAMPAIGN
The Openbank campaign, andThe 100% digital bank of the Santander Groupis open to the entire range of bank mortgages, both fixed and mixed and variable.
To participate, customers must sign up for the promotion with the code Hipoteca350 until December 31 (inclusive) and take out the mortgage between September 1, 2023 and January 31, 2024 (both included).
Those who want to participate have to take out the mortgage loan between September 1, 2023 and January 31, 2024
The customer registering for the promotion must coincide with the first holder of the mortgage. The payment of the 350 euros will be made in a maximum period of two months, counting from the signing of the mortgage, in the checking account of the customers associated with the mortgage.
It should be remembered that this incentive constitutes a return on movable money capital subject to withholding, currently at a rate of 19%, which the bank will pass on to the customer and pay the resulting net amount.
In addition, the client must declare the incentive received in the tax base of their personal income tax savings, having the right to deduct the supported withholding.
In the market, in addition to Openbank, there is an entity that also has a promotion to promote the contracting of mortgages. This is Unicaja Banco, which offers a discount at IKEA. «To welcome you to your home, once the mortgage is signed, you will enjoy a 5% discount For purchases over €80, excluding decoration, assembly, transport and installation advisory services. And also for purchases over €500, apart from this 5% discount, you have at your disposal a free decorating project“, they point out on the bank’s website.
THE OPENBANK MORTGAGE TYPE
Currently, the variable mortgage of Open bank It has a fixed rate of 1.60% for the first year and a variable rate of 12-month Euribor plus a differential of 0.60% for the rest of the years, if the bonus conditions are met, which are payroll, pension or other benefit or income, as well as contracting life and home insurance. If the conditions are not met, the fixed rate for the first year starts at 2.10% and the rest from a 12-month Euribor plus a spread of 1.10%.
Openbank’s variable mortgage has a fixed rate of 1.60% for the first year and a variable rate of 12-month Euribor plus a differential of 0.60% for the rest of the years
In the case of the fixed-rate mortgage, the TIN varies depending on the duration of the loan from a minimum of 2.95% TIN (3.56% TAE) to 3.10% TIN (3.64% TAE) if bonus conditions are met. Otherwise, the range rises from 3.45% TIN (3.76% APR) to 3.60% TIN (3.88% APR).
Finally, in the subsidized mixed mortgage, Openbank offers a fixed rate from 2.63% TIN for the first ten years and the rest a variable rate from 12-month Euribor plus 0.55%. If you do not have a bonus, the fixed rate starts from 3.13% TIN for the first ten years and then from Euribor plus 1.05%.
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