2023-05-19 07:12:46
ING enriches the catalog of mortgages to give up four new alternatives to ‘shield’ the quota of amortization. Clients can have a three-year fixed rate when they take out their variable loan or the one-year loan offered up to now and, if they prefer mixed financing, they will find three new fixed-rate term options: 5, 15 and 20 years, in addition to the 10 years that it already had on offer.
“We are advancing in our personalization strategy, adapting to the current environment quickly and flexibly so that Naranja mortgages continue to meet the needs of citizens. We listen to our clients and act accordingly, offering them individual, transparent, simple and competitive solutions,” he explained. Alberto Gómez, Director of Mortgages and Insurance at ING.
The incorporation of new terms is added to the rest of the advantages of the loans: mortgages without notary fees, agency and registration; and without opening commissions, nor for change of conditions, subrogation or reimbursement. The Amortization anticipated are, in addition, free of commission whether the repayment is total or partial for the operations contracted with variable types and in the case of mixed that are contracted with periods of 5 or 10 fixed years.
Mortgages offer up to 80% of the appraisal value and allow mortgage applications for a term of up to 40 years, being able to contract completely online.
In prices, the mortgage variable has a TIN interest of 1.99% when contracted for a fixed year and then the Euribor plus a differential of 0.59% is applied (today it is an APR of 4.80%), and if three fixed years are chosen, a 2.80% TIN is applied and then Euribor plus 0.69% (4 ,69% APR).
The variable loan catalog mixed sets prices that range from a fixed tranche to 2.99% TIN and then Euribor plus 0.69% (4.52% APR) when the first tranche of fixed quota is contracted for five years, up to 3.55% fixed and then Euribor plus 0.79% (4.26%) if a ‘shielded’ period of 20 years is chosen. It also has a 25-year pure fixed mortgage in the catalog at 3.65% TIN (4.33% TAE).
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