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Exciting News for Real Madrid Fans: Unicaja Mortgage Update
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This summer has brought great news for Real Madrid members and supporters. The club, led by Florentino Pérez, has finally secured the signing of Kylian Mbappé after years of anticipation. Additionally, Unicaja, the banking entity, has reduced the interest rate on its Real Madrid Mortgage, benefiting fans of the iconic club.
Unicaja Real Madrid Mortgage Reduction
The Real Madrid Mortgage operates as a variable-rate mortgage. Its interest rate is fixed during the first year, thereafter linking it to the Euribor for the remainder of its term.
Unicaja has lowered both the initial rate and the subsequent interest applied. However, it’s important to note that if customers do not contract the recommended bank products, the overall cost of the mortgage can increase. The comparison of interest rates before and after the reduction is as follows:
| Interest Before | Interest Now |
|---|---|
| With Bonus: E + 0.45% (2.40% first year) | With Bonus: E + 0.40% (1.99% first year) |
| Without Bonus: E + 1.55% (2.40% first year) | Without Bonus: E + 2.00% (1.99% first year) |
To secure this bonus interest, it’s essential to enroll in all products offered by Unicaja. Here’s a comprehensive list of requirements:
- Direct deposit of holder payrolls into the account with a minimum total of 3,000 euros per month. Self-employed individuals must deposit their social security contributions directly into the account.
- Purchase home insurance through the bank.
- Sign a life insurance policy arranged by Unicaja.
- Obtain at least one credit card from the bank per cardholder.
- Maintain an investment amount equal to or greater than 10% of the mortgage principal in a Unicaja fund.
- Buy a home with an A energy efficiency certificate.
If you fail to meet all these requirements, the interest rate on the Real Madrid Mortgage can increase by as much as 1.60 percentage points.
Alternative Options to Unicaja’s Mortgage
While the low-interest rate on this mortgage loan may seem appealing, it’s crucial to consider the associated conditions. Although it is among the lowest rates available for variable mortgages, the requirement to contract multiple products can add hidden costs.
At HelpMyCash, we believe that while the Unicaja Real Madrid Mortgage has its benefits, it may not be the best option currently available. Other variable-rate mortgage loans, with slightly higher interest rates, could actually prove to be cheaper over time due to fewer required products.
For more competitive mortgage offers, check out our page dedicated to variable rate mortgages. It’s also advisable to negotiate with Unicaja and other lenders; if you have a strong financial profile, you may secure lower interest rates with fewer obligations.
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Exciting News for Real Madrid Fans: Unicaja Mortgage Update
This summer has brought great news for Real Madrid members and supporters. The club, led by Florentino Pérez, has finally secured the signing of Kylian Mbappé after years of anticipation. Additionally, Unicaja, the banking entity, has reduced the interest rate on its Real Madrid Mortgage, benefiting fans of the iconic club.
Unicaja Real Madrid Mortgage Reduction
The Real Madrid Mortgage operates as a variable-rate mortgage. Its interest rate is fixed during the first year, thereafter linking it to the Euribor for the remainder of its term.
Unicaja has lowered both the initial rate and the subsequent interest applied. However, it’s important to note that if customers do not contract the recommended bank products, the overall cost of the mortgage can increase. The comparison of interest rates before and after the reduction is as follows:
| Interest Before | Interest Now |
|---|---|
| With Bonus: E + 0.45% (2.40% first year) | With Bonus: E + 0.40% (1.99% first year) |
