14/04/2021 – 13:09 Updated: 04/14/2021 – 13:09
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New turn of the screw in the mortgage war in Spain. MyInvestor announced this Wednesday a 10 basis point cut in the interest on its 25 and 30-year mortgage loans to 1.59% (1.78% APR), compared to 1.69% where it currently stood.
The neobanco, participated by Andbank España, El Corte Inglés Seguros and Axa España, thus reinforces the commitment to what has been one of its star products, the ‘Hipoteca Sin Mochila’, which It does not require contracting any product or directing the payroll.
In addition, for those clients who, in addition to the loan, choose to take out insurance or investment products -funds, plans and indexed portfolios-, the entity has redefined its bonus model, so that the benefits will not translate into a reduction of the rate of the loan but will materialize in an annual cash income.
Cotizalia
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MyInvestor has decided to keep the current rates unchanged in the rest of the terms of its mortgages: 1.29% NIR (1.49% APR) up to 15 years and 1.59% (1.79% APR) up to 20 years . For its part, the variable rate mortgage loan remains at a differential of 0.89% over the Euribor. These types stand out among the most competitive on the national market.
The neobank mortgages, available for both new loans and subrogations, are aimed at family units with monthly income of at least 4,000 euros.
“We were pioneers when it came to launching a mortgage that does not require the contracting of any product and now we are the first to pay cash to customers who want to contract additional products. We prioritize transparency and that the interest rate can never have penalties“explains Nuria Rocamora, co-CEO of MyInvestor.
The push from mortgages has been one of the main strengths that has allowed MyInvestor to become the largest fintech in Spain by business volume, exceeding 1,000 million euros.
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