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Fixed Rate
"Let the good times continue"Your 10 to 30year fixed rate mortgage
Fixed 10

Type6.950%

APR ^{T1}7.352%


Fixed 20

Type6.950%

APR ^{T2}7.277%


Fixed 30

Type6.950%

APR ^{T3}7.253%



Mixed Rate
‘Evolves with your lifestyle’3, 5 or 10 years at a fixed interest rate. The rest at a variable rate up to 30 years
Mixed 3

Type5.250%

Euribor*+1.690%

APRVariable ^{T4}5.456%


Mixed 5

Type5.250%

Euribor*+1.490%

APRVariable ^{T5}5.456%


Mixed 10

Type4.950%

Euribor*+1.290%

APRVariable ^{T6}5.141%



Variable Rate
‘It changes, just like you do’1 year at a fixed interest rate and the rest at a variable rate up to 30 years
Variable 1

Type3.950%

Euribor*+1.790%

APRVariable ^{T7}4.726%


*During the variable period, the rate will be reviewed every six months based on the latest Euribor published prior to the review date.

T1 Fixed 10
Conditions:
6,950% NIR.
7,352% APR.
Representative example for a loan amount of 150.000,00 and a term of 10 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 6,950% for 10 years.
 The APR of the loan is 7,352%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
The APR may also vary depending on the term.
The following costs were taken into account when calculating the APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 1.737,76 from instalment 1 to 119. In addition, there will be a final instalment of 1.738,46 in month 120 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 1.738,46 instalment is calculated by adding the outstanding capital of instalment 119, which is 1.738,46, and the interest payable on instalment 120, which is 10,01.
 The repayment system used will be the French system, according to which throughout the life of the loan, the installment to be paid will remain constant, with the exception of the last installment as explained in the previous section.
The total amount due on the operation is 209.626,75, of which 150.000,00 corresponds to the principal and 59.626,75 is the total cost of the loan to the consumer, which includes 58.531,90 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
The early repayment fee will be 0% if and when the sum of said payments over the preceding 12 months is less than 25% of the principal pending at the start of said period. If the early repayment is equal to or greater than 25% of the principal pending at the start of the 12 month period, the commission payable will be: 2,00% in the first 10 years of the loan. This commission may not, under any circumstance, exceed the amount of the financial loss for the institution, as per las 5/2019 of March 15th which regulates real estate credit agreements.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T2 Fixed 20
Conditions:
6,950% NIR.
7,277% APR.
Representative example for a loan amount of 150.000,00 and a term of 20 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 6,950% for 20 years.
 The APR of the loan is 7,277%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
The APR may also vary depending on the term.
The following costs were taken into account when calculating the APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 1.158,45 from instalment 1 to 239. In addition, there will be a final instalment of 1.158,88 in month 240 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 1.158,88 instalment is calculated by adding the outstanding capital of instalment 239, which is 1.158,88, and the interest payable on instalment 240, which is 6,67.
 The repayment system used will be the French system, according to which throughout the life of the loan, the installment to be paid will remain constant, with the exception of the last installment as explained in the previous section.
The total amount due on the operation is 279.123,28, of which 150.000,00 corresponds to the principal and 129.123,28 is the total cost of the loan to the consumer, which includes 128.028,43 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
The early repayment fee will be 0% if and when the sum of said payments over the preceding 12 months is less than 25% of the principal pending at the start of said period. If the early repayment is equal to or greater than 25% of the principal pending at the start of the 12 month period, the commission payable will be: 2,00% in the first 10 years of the loan, and 1,50% as of year 11. This commission may not, under any circumstance, exceed the amount of the financial loss for the institution, as per las 5/2019 of March 15th which regulates real estate credit agreements.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T3 Fixed 30
Conditions:
6,950% NIR.
7,253% APR.
Representative example for a loan amount of 150.000,00 and a term of 30 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 6,950% for 30 years.
 The APR of the loan is 7,253%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
The APR may also vary depending on the term.
The following costs were taken into account when calculating the APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 992,92 from instalment 1 to 359. In addition, there will be a final instalment of 995,39 in month 360 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 995,39 instalment is calculated by adding the outstanding capital of instalment 359, which is 995,39, and the interest payable on instalment 360, which is 5,73.
 The repayment system used will be the French system, according to which throughout the life of the loan, the installment to be paid will remain constant, with the exception of the last installment as explained in the previous section.
The total amount due on the operation is 358.548,52, of which 150.000,00 corresponds to the principal and 208.548,52 is the total cost of the loan to the consumer, which includes 207.453,67 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
The early repayment fee will be 0% if and when the sum of said payments over the preceding 12 months is less than 25% of the principal pending at the start of said period. If the early repayment is equal to or greater than 25% of the principal pending at the start of the 12 month period, the commission payable will be: 2,00% in the first 10 years of the loan, and 1,50% as of year 11. This commission may not, under any circumstance, exceed the amount of the financial loss for the institution, as per las 5/2019 of March 15th which regulates real estate credit agreements.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T4 Mixed 3
Conditions:
5,250% NIR.
5,456% Variable APR
Representative example for a loan amount of 150.000,00 and a term of 3 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 5,250% for the first 3 years.
 From year 4 (the start of the variable period), the loan instalment will be calculated at the start of the period and then every six months based on the latest Euribor published, plus the agreed interestrate spread (1,690%). If, based on the above calculation, the interest rate is negative, no interest will be payable to the customer as this loan is not free, and interest is only payable to the Financial Institution.
 The Variable APR of the loan is 5,456%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The Variable APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
This Variable APR has been calculated on the assumption that the benchmark interest rates will not change; therefore, the Variable APR will change each time the interest rate is reviewed. The Variable APR may also change depending on the term.
Bear in mind that this Variable APR was calculated in accordance with Law 5/2019 governing real estate loan agreements, which requires that the Variable APR be calculated using the higher of the two interest rates between that agreed for the initial period, which is 5,250%, and the interest rate agreed for the subsequent period, which is 4,518% and calculated by adding the Euribor rate at the time of taking out the loan (Euribor for the month of november published on 02/12/2022 at 2,828 %) and an interestrate spread of 1,690%. In this case, the first interest rate (5,250) is the higher of the two and was therefore used to calculate the Variable APR.
The following costs were taken into account when calculating the Variable APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 898,87 for the first 3 years.
 From year 4 to instalment 299, the expected instalment would be 898,87 per month. In addition, the final instalment would be for 899,76 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 899,76 instalment is calculated by adding the outstanding capital of instalment 299, which is 895,84, and the interest payable on instalment 300, which is 3,92.
 The repayment system used is the French one, whereby the instalments payable in the first 3 years are for a fixed amount. Subsequently, from year 4 onwards, the instalment amount will be fixed for sixmonth periods, changing on the review date, and then remaining the same until the next review at the end of six months, except for the final instalment, as explained in the previous paragraph.
The total amount due on the operation is 270.756,74, of which 150.000,00 corresponds to the principal and 120.756,74 is the total cost of the loan to the consumer, which includes 119.661,89 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
A 0% early repayment fee if the sum of partial repayments made in the last 12 months is less than 25% of the capital outstanding at the beginning of that period. If the early repayment is greater than or equal to 25% of the outstanding capital at the beginning of the last 12 months, the commission may not exceed the amount of the entity's financial loss, with a limit of 2.00% for the first 10 years and 1.50% from the 11th year onwards, in accordance with Law 5/2019, of 15 March, regulating real estate credit contracts. This fee shall be calculated on the amount repaid in advance.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T5 Mixed 5
Conditions:
5,250% NIR.
5,456% Variable APR
Representative example for a loan amount of 150.000,00 and a term of 5 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 5,250% for the first 5 years.
 From year 6 (the start of the variable period), the loan instalment will be calculated at the start of the period and then every six months based on the latest Euribor published, plus the agreed interestrate spread (1,490%). If, based on the above calculation, the interest rate is negative, no interest will be payable to the customer as this loan is not free, and interest is only payable to the Financial Institution.
 The Variable APR of the loan is 5,456%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The Variable APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
This Variable APR has been calculated on the assumption that the benchmark interest rates will not change; therefore, the Variable APR will change each time the interest rate is reviewed. The Variable APR may also change depending on the term.
Bear in mind that this Variable APR was calculated in accordance with Law 5/2019 governing real estate loan agreements, which requires that the Variable APR be calculated using the higher of the two interest rates between that agreed for the initial period, which is 5,250%, and the interest rate agreed for the subsequent period, which is 4,318% and calculated by adding the Euribor rate at the time of taking out the loan (Euribor for the month of november published on 02/12/2022 at 2,828 %) and an interestrate spread of 1,490%. In this case, the first interest rate (5,250) is the higher of the two and was therefore used to calculate the Variable APR.
The following costs were taken into account when calculating the Variable APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 898,87 for the first 5 years.
 From year 6 to instalment 299, the expected instalment would be 898,87 per month. In addition, the final instalment would be for 899,76 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 899,76 instalment is calculated by adding the outstanding capital of instalment 299, which is 895,84, and the interest payable on instalment 300, which is 3,92.
 The repayment system used is the French one, whereby the instalments payable in the first 5 years are for a fixed amount. Subsequently, from year 6 onwards, the instalment amount will be fixed for sixmonth periods, changing on the review date, and then remaining the same until the next review at the end of six months, except for the final instalment, as explained in the previous paragraph.
The total amount due on the operation is 270.756,74, of which 150.000,00 corresponds to the principal and 120.756,74 is the total cost of the loan to the consumer, which includes 119.661,89 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
A 0% early repayment fee if the sum of partial repayments made in the last 12 months is less than 25% of the capital outstanding at the beginning of that period. If the early repayment is greater than or equal to 25% of the outstanding capital at the beginning of the last 12 months, the commission may not exceed the amount of the entity's financial loss, with a limit of 2.00% for the first 10 years and 1.50% from the 11th year onwards, in accordance with Law 5/2019, of 15 March, regulating real estate credit contracts. This fee shall be calculated on the amount repaid in advance.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T6 Mixed 10
Conditions:
4,950% NIR.
5,141% Variable APR
Representative example for a loan amount of 150.000,00 and a term of 10 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 4,950% for the first 10 years.
 From year 11 (the start of the variable period), the loan instalment will be calculated at the start of the period and then every six months based on the latest Euribor published, plus the agreed interestrate spread (1,290%). If, based on the above calculation, the interest rate is negative, no interest will be payable to the customer as this loan is not free, and interest is only payable to the Financial Institution.
 The Variable APR of the loan is 5,141%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The Variable APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
This Variable APR has been calculated on the assumption that the benchmark interest rates will not change; therefore, the Variable APR will change each time the interest rate is reviewed. The Variable APR may also change depending on the term.
Bear in mind that this Variable APR was calculated in accordance with Law 5/2019 governing real estate loan agreements, which requires that the Variable APR be calculated using the higher of the two interest rates between that agreed for the initial period, which is 4,950%, and the interest rate agreed for the subsequent period, which is 4,118% and calculated by adding the Euribor rate at the time of taking out the loan (Euribor for the month of november published on 02/12/2022 at 2,828 %) and an interestrate spread of 1,290%. In this case, the first interest rate (4,950) is the higher of the two and was therefore used to calculate the Variable APR.
The following costs were taken into account when calculating the Variable APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 872,52 for the first 10 years.
 From year 11 to instalment 299, the expected instalment would be 872,52 per month. In addition, the final instalment would be for 873,01 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 873,01 instalment is calculated by adding the outstanding capital of instalment 299, which is 869,42, and the interest payable on instalment 300, which is 3,59.
 The repayment system used is the French one, whereby the instalments payable in the first 10 years are for a fixed amount. Subsequently, from year 11 onwards, the instalment amount will be fixed for sixmonth periods, changing on the review date, and then remaining the same until the next review at the end of six months, except for the final instalment, as explained in the previous paragraph.
The total amount due on the operation is 262.851,34, of which 150.000,00 corresponds to the principal and 112.851,34 is the total cost of the loan to the consumer, which includes 111.756,49 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
A 0% early repayment fee if the sum of partial repayments made in the last 12 months is less than 25% of the capital outstanding at the beginning of that period. If the early repayment is greater than or equal to 25% of the outstanding capital at the beginning of the last 12 months, the commission may not exceed the amount of the entity's financial loss, with a limit of 2.00% for the first 10 years and 1.50% from the 11th year onwards, in accordance with Law 5/2019, of 15 March, regulating real estate credit contracts. This fee shall be calculated on the amount repaid in advance.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.

T7 Variable 1
Conditions:
3,950% NIR.
4,726% Variable APR
Representative example for a loan amount of 150.000,00 and a term of 25 years.
The basic characteristics and conditions of the operation would be:
 Fixed nominal interest rate of 3,950% for the first 1 years.
 From year 2 (the start of the variable period), the loan instalment will be calculated at the start of the period and then every six months based on the latest Euribor published, plus the agreed interestrate spread (1,790%). If, based on the above calculation, the interest rate is negative, no interest will be payable to the customer as this loan is not free, and interest is only payable to the Financial Institution.
 The Variable APR of the loan is 4,726%, which represents the total cost of the loan to you, expressed as an annual percentage of the total amount of the loan granted, plus the associated costs, if any, and which equates, on an annual basis, to the present value of all commitments, such as drawdowns, repayments and charges, agreed by the Financial Institution and you, as set out in Circular 5/2012 of the Bank of Spain.
The Variable APR was calculated on the assumption that the loan runs to term and that you will perform your obligations in accordance with the terms of the agreement.
This Variable APR has been calculated on the assumption that the benchmark interest rates will not change; therefore, the Variable APR will change each time the interest rate is reviewed. The Variable APR may also change depending on the term.
Bear in mind that this Variable APR was calculated in accordance with Law 5/2019 governing real estate loan agreements, which requires that the Variable APR be calculated using the higher of the two interest rates between that agreed for the initial period, which is 3,950%, and the interest rate agreed for the subsequent period, which is 4,618% and calculated by adding the Euribor rate at the time of taking out the loan (Euribor for the month of november published on 02/12/2022 at 2,828 %) and an interestrate spread of 1,790%. In this case, the first interest rate (4,618) is the higher of the two and was therefore used to calculate the Variable APR.
The following costs were taken into account when calculating the Variable APR:
1) Arrangement fee of 750,00, as a result of applying 0,5% to a loan amount of 150.000,00.
2) Estimated appraisal cost of 344,85€ on the main guarantee.
 Monthly repayment of 787,62 for the first 1 years.
 From year 2 to instalment 299, the expected instalment would be 841,97 per month. In addition, the final instalment would be for 840,09 to adjust the amount repaid so that the final outstanding balance is 0 euros. The 840,09 instalment is calculated by adding the outstanding capital of instalment 299, which is 836,87, and the interest payable on instalment 300, which is 3,22.
 The repayment system used is the French one, whereby the instalments payable in the first 1 years are for a fixed amount. Subsequently, from year 2 onwards, the instalment amount will be fixed for sixmonth periods, changing on the review date, and then remaining the same until the next review at the end of six months, except for the final instalment, as explained in the previous paragraph.
The total amount due on the operation is 253.031,77, of which 150.000,00 corresponds to the principal and 103.031,77 is the total cost of the loan to the consumer, which includes 101.936,92 in interest, 750,00 for the arrangement fee and an estimated appraisal cost of 344,85€ on the main guarantee.
This is a mortgagesecured loan; therefore, the borrower is liable for the repayment of the loan with the mortgaged property and all of their assets. In the event of default by the borrower, the Financial Institution may initiate legal proceedings that could result in the auction of the mortgaged property/properties and the seizure of other assets or income until the loan has been repaid in full.
This Financial Institution adheres to the Code of Good Practices for the viable restructuring of debts secured by mortgages on main residences.
The early repayment fee will be 0% if and when the sum of said payments over the preceding 12 months is less than 25% of the principal pending at the start of said period. If the early repayment is equal to or greater than 25% of the principal pending at the start of the 12 month period, the commission payable will be: 0,15% in the first 5 years of the loan, and 0,00% as of the 6th year. This commission may not, under any circumstance, exceed the amount of the financial loss for the institution, as per las 5/2019 of March 15th which regulates real estate credit agreements.
This document contains a representative example of a loan based on the financial terms set out in the document (fixed interest rate and arrangement fee). It is for illustrative purposes only and intended to show in numerical form the evolution of instalments over a given period of time. It does not constitute a contract offer by Unión de Créditos Inmobiliarios S.A., Establecimiento Financiero de Crédito.
The mathematical formula used to determine the monthly repayment instalment is shown below. This formula is used to calculate the repayment instalment, including interest and principal, in accordance with the French repayment system.
Calculation of the monthly instalment: Instalment=(CxNIR/12)/(1(1+NIR)/12)term)
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage; Term: number of monthly instalments.
Calculation of the interest portion: Interest=CxNIR/12.
Where: C: outstanding loan capital; NIR: nominal annual interest rate expressed as a percentage.
Calculation of the principal portion: the instalment less interest.
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Acronyms and jargon are not our thing. We say it in plain language.

APR stands for Annual Percentage Rate and is a financial term that can be defined as the interest rate that indicates the cost or effective yield of a financial product during the term established for the operation.

NIR stands for Nominal Interest Rate It is the percentage applied to the outstanding loan capital to calculate the interest that the borrower has to pay the bank or financial institution for the money lent.

Acronym for ‘European Interbank Offered Rate,’ it is the interest rate at which the main financial institutions lend money to each another on the interbank market. Oneyear Euribor is the most widely used benchmark rate for variable rate loans, and is published monthly by the Bank of Spain.

Part of the price advanced by the buyer in a contract of sale as a guarantee that they will purchase the property.

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^{S1} Home insurance brokered through Unión de Créditos Inmobiliarios, S.A. E.F.C. Operador Banca
Seguros Vinculado, A39025515, marketed with the insurance company Liberty Seguros, compañía de Seguros y
Reaseguros, S.A.
^{S2} Payment protection insurance brokered through Unión de Créditos Inmobiliarios, S.A. E.F.C. Operador Banca Seguros Vinculado, A39025515, marketed with
the insurance companies Cardif Assurance Vie, Sucursal España and CNP Partners de Seguros y Reaseguros,
S.A.
^{S3} Life insurance brokered through Unión de Créditos Inmobiliarios, S.A. E.F.C. Operador Banca Seguros Vinculado, A39025515, marketed with
the insurance companies Cardif Assurance Vie, Sucursal España and CNP Partners de Seguros y Reaseguros,
S.A.
^{S} Insurance brokered through Unión de Créditos Inmobiliarios, S.A.
E.F.C. Operador Banca Seguros Vinculado, A39025515, registered with the DirectorateGeneral for
Insurance and Pension Funds (DGSFP) under no. OV0076. Civil liability and financial capacity covered according
to current legislation. Insurance companies: Cardif Assurances Risques Divers Suc. España, Santander Seguros y
Reaseguros, Compañía Aseguradora, S.A., Caja de Seguros Reunidos, Compañía de Seguros y Reaseguros, S.A.
(Caser), Liberty Seguros, Compañía de Seguros y Reaseguros, S.A., CNP Partners de Seguros y Reaseguros, S.A.,
Cardif Assurance Vie, Sucursal España. For more information, visit the DGSFP’s Single Point of Information at:
http://www.dgsfp.mineco.es/