Banca March launches the new Avantio Fixed Rate Mortgage with a nominal interest rate of 2.30% 17 December 2024 Category: Products This is one of the most competitive interest rates in the market and can be maintained throughout the duration of the loan if the maximum discount is applied. For mortgages on primary residences, the maximum term is 30 years and the loan-to-value ratio can be up to 80%. The Avantio Fixed Rate Mortgage is the latest addition to the range of mortgages available to Banca March customers through the Avantio digital platform: the Avantio Mixed Mortgage and the Avantio Variable Rate Mortgage. Banca March has expanded its range of mortgages with the new Avantio Fixed Rate Mortgage. Customers who arrange a Fixed Rate Mortgage through the Avantio digital platform will enjoy a fixed nominal interest rate (NIR) of 2.30% for the first year, one of the most competitive rates in the market. This interest rate can be maintained throughout the duration of the loan if the maximum discount is applied. As of the second year, the NIR varies between 2.30% and 3%, depending on the discount applied. Customers can secure a maximum discount of 0.70% on the initial annual nominal interest rate, depending on the degree of compliance with the following conditions: minimum income per family unit of €2,000 per month (-0.20%), taking out life insurance (-0.30%) and taking out home insurance (-0.20%). Compliance with these conditions will be reviewed annually. The Banca March Avantio Fixed Rate Mortgage has a minimum loan principal of 200,000 euros. For mortgages on primary residences, the maximum term is 30 years and the loan-to-value ratio can be up to 80%. For mortgages on second homes, the maximum term is 20 years and the loan-to-value ratio can be up to 70%. The new Avantio Fixed Rate Mortgage has expanded Banca March's range of online mortgages. Recently, the bank updated the conditions of its mixed and variable rate mortgages. The Avantio Mixed Mortgage now offers a nominal interest rate (NIR) of 2.30% for the first four years and the 12-month Euribor rate plus 0.60% for the rest of the loan, provided that the maximum discount is applied. The bank's Variable Rate Mortgage offers a fixed NIR of 2.30% for the first year and the 12-month Euribor rate plus 0.60% for the remainder of the term, provided that the maximum discount is applied. These three mortgage products - fixed rate, mixed and variable rate, can only be taken out via Avantio, the most comprehensive digital investment platform on the market, which offers optimal omnichannel services whilst delivering the tailored, expert advice which is the hallmark of Banca March.