Redução Prestação AB

Buying a house?
Reduce the settlement by 30%

And take advantage of the first two years to transform your house into the one you've always dreamed about*

Home Loan TAEG 1,9%

A home full of advantages

A simpler start

Settlement reduction by 10%, 20% or 30% during the first 6, 12, 18 or 24 months, according to your needs.

Changing is also easy

If you want to transfer your Loan from another institution to our Bank, we will make it simple for you.

We're here to help

We have a specialized team to help you throughout the process.

Premium Service (2)

We make everything simpler by taking care of it

Valid for permanent or secondary own home acquisition, approved until 30/06/2021 and hired until 31/07/2021, on processes certified by Certified Private Document

Gathering documents

We take care of all the necessary documents in order to formalize the contract, so you don’t have to waste time with paperwork.

Deed: extended hours

You can sign the deed on a working day until 10pm, or on a Saturday between 9am and noon, according to your availability.

We’re there for you

If, by any reason, you cannot be present on the day of the Deed, we can arrange your legal representation.

Simulator

Simulating doesn't cost a thing

Frequently Asked Questions

What else do you need to know?

These are our frequently asked questions.

Are there any mandatory insurances?

There are 2 insurances that the Bank demands whenever financing for house is requested, Life insurance and Multirisk insurance.

Life insurance ensures the payment in case of death or permanent invalidity of the insured person. Multirisk insurance ensures that the property, besides the fire coverage (mandatory by law for all houses in regime of horizontal property,for the autonomous fraction as well as for the corresponding share of common areas), has a wide range of aditional coverages that ensure a bigger safety level to the property and to the insured person (examples: Flooding, plumbing malfunction, theft, civil responsability, amongst others).

What is TAEG? And MTIC?

TAEG (Annual Percentage Rate) is the total cost of the Loan, paid by the consumer, expressed as an annual percentage of the granted loan's amount. When calculating the TAEG, expenses of collection of refunds and interest payment are included,as well as the remaing charges to bear (taxes, fees and mandatory insurances).

TAEG can be used to compare Loan proposals. For Loan proposals with the same amount, term, and refund modality, the proposal with the lowest TAEG is the cheapest for the Client. It includes interest + fees + expense+ taxes + insurances.

MTIC (total amount charged to the consumer) its the sum of the total amount of the Loan with the associated costs (interest, fees, taxes and other charges).

Take note that for Loans the tax is variable, MTIC is merely indicative as the interes rate of these Loans can vary with time, according to the fluctuation of the indexed used. (EURIBOR).

What is the FINE (ESIS)?

The FINE (European Standardized Information Sheet) is a document issued by the Bank where all the conditions of the loan are written and that allows you to make comparative analysis and make a conscious and responsible decision before formalizing and signing the contract.

Which are the steps to formalize a Home Loan process?

There are 7 steps. First "Smulation", then "Proposal" followed by "Property Evaluation". Then you will have the "Analysis", which should be conscious and responsible. Afterwards there will be the emission of the "Approval letter", the "Gathering of documentation" and, last but not least, the "Deed".

Didn't find what you were looking for?

Clarify your doubts!

HelpCenter

(1) The opening of an account is conditioned to the Customer's admission by the Bank, in accordance with its Customer Acceptance Policy. Minimum amount to open an account: €500 (except Activo Salary, Students and Online Account openings - €100).

(2) This service is optional. There is a fee cost of 180€ + VAT, which is exempt with this campaign. Includes the payment of costs for obtaining documents and trips associated with it. Covers the acquisition of the Real Estate Registry Certificate (Certidão Permanente do Registo Predial) (max. 2), Cadastral Certificate (Documento Matricial) (max. 2), Birth Certificate (max. 2), Wedding Certificate (max. 1); Toponymic/Infrastructure/Notarial Certificate (ex: previous Public Deed) (max. 2) and Proxy for one of the parties to celebrate on the suppliers service (max. 1 proxy).

10%, 20% or 30% reduction of the settlement, for an initial period of 6, 12, 18 or 24 months, depending on the Client’s needs. Applicable to: acquisition of Own Permanent Home (HPP) and Own Secondary Home (HPS).

*This campaign does not include any advantage for house works or purchase of any materials/utensils for improvements. It merely illustrates possible applications for the monthly amount that the Client won’t have to pay for the first two years of the loan, if he chooses to reduce the settlement of his Home Loan.

Conditions valid for proposals approved until June 30th and hired until July 31st, 2021.

Example for a 30 year old consumer – €100.000 financing, with mortgage; appraised value €150.000; LTV 67%; 30 year term. Product Home Loan with 30% reduced Settlement for a 24-month deadline, purpose Acquisition, initial Fees (Dossier Fee, Formalization and Evaluation) €748,80; Contract expenses €470; Loan opening Stamp Duty €600; Multirriscos Insurance Prize with monthly payments of €8,61.

Subject to credit risk analysis.

TAEG without associated optional sales 1,9% - variable TAN 1,263% (Euribor 12 months of March 2021 of -0,487% and hired spread of 1,750%); Average monthly Life Insurance prize of €14,13; first 24 monthly payments of €233,70; 336 monthly payments of €342,46 (without settlement reduction: 360 monthly payments of €333,86); Total Amount Payable by the Consumer of €130.682,51.

TAEG with associated optional sales** 1,2% - variable TAN 0,613% (Euribor 12 months of March 2021 of -0,487% and hired spread of 1,100%); Average monthly Life Insurance prize of €13,46; first 24 monthly payments of €212,92; 336 monthly payments of €311,31 (without settlement reduction: 360 monthly payments of €304,17); Total Amount Payable by the Consumer of €119.473,13.

**Entails the holding of the following products:
• Salary domiciliation on the Account associated with the Loan;
• Multirisk Insurance associated with the loan (Ocidental Seguros);
• Life Insurance associated with the loan (Ocidental Vida).

PUB

You must read the pre-contractual and contractual information, as required by law.

Banco ActivoBank, S.A., Office: Rua Augusta, 84 Lisboa, Share Capital 101.000.000 Euros, registered with this same number in the Lisbon Trade Registry, Single registration and TIN. 500 734 305. Insurance agent registered under nr. 419501226, with the Insurance and Pension Funds Supervision Authority – Registration Date: 21/01/2019. Authorization for the brokerage distribution of the life and non-life insurance. For information and further registration details, please consult: www.asf.com.pt.

Insurances comercialized by Ocidental – Companhia Portuguesa de Seguros, S.A. and Ocidental – Companhia Portuguesa de Seguros de Vida, S.A.

The Insurance Intermediary is not authorized to sign insurance contracts on behalf of the Insurer or receive any insurance premiums payable to the Insurer. The Insurance Intermediary does not assume liability regarding any risks covered by the insurance contract, which shall be fully assumed by the Insurer.

Life Branch:
Ocidental – Companhia Portuguesa de Seguros de Vida, S.A. – Av. Dr. Mário Soares, Edif. 10 – Tagus Park – 2744-002 Porto Salvo. Legal Person nr. 501 836 926, and registered under this number at Lisboa Trade Register, with share capital of 22.375.000 Euros.

Non Life Branch:
Ocidental – Companhia Portuguesa de Seguros, S.A. – Av. Dr. Mário Soares, Edif. 10 – Tagus Park – 2744-002 Porto Salvo. Legal Person nr. 501 836 918, and registered under this number at Lisboa Trade Register, with share capital of 12.500.000 Euros.

Banco ActivoBank, S.A. is a BCP housing loan bound intermediary in exclusive basis. The granting of credit is subject to the macro-prudential rules of Banco de Portugal. The applied interest rate (TAN) can take on negative values according to the evolution of the corresponding indexed.

Home loan granted by Banco Comercial Português, S.A.