Always the same instalment
Your monthly payment never changes for the entire life of the loan. You can plan your finances with full certainty, month after month, year after year. Whatever the Euribor does, your mortgage stays put.
Mortgage types
Fixed-rate mortgage
The peace of mind of knowing exactly what you pay each month. A stable instalment for the entire life of your loan — no surprises, no shocks.
Benefits
Why choose a fixed-rate mortgage?
Protection against rate rises
If the Euribor goes up, your fixed-rate mortgage keeps you safe. You've locked in an interest rate that doesn't change, which shields you from rate-hike cycles. It's a natural financial safeguard.
Long-term peace of mind
With terms of up to 30 years, a fixed-rate mortgage gives you total predictability. Ideal for families seeking stability who don't want to worry about half-yearly rate reviews.
In detail
Guaranteed financial stability
The fixed-rate mortgage is the preferred option for those who value security above all else. With an interest rate that stays unchanged over the 15, 20, 25 or 30 years of the loan, you know from day one exactly what you'll pay each month. This makes family and financial planning far easier, letting you budget your monthly expenses precisely.
In times of economic uncertainty, or when interest rates are low, taking out a fixed-rate mortgage lets you “lock in” a favourable rate for good. Although the instalment may initially be slightly higher than a variable-rate mortgage, the difference is offset by the certainty of never facing unexpected increases in your monthly payments.
Requirements
What do you need to get a fixed-rate mortgage?
01
Stable income
Banks value job stability. A permanent contract, seniority at your company, or recurring income as a self-employed worker with several years of activity are key to accessing the best terms.
02
Savings upfront (20-30%)
You'll need at least 20% of the property value as a down payment, plus an extra 10-12% to cover the purchase costs (taxes, notary, land registry and agency fees).
03
Low debt ratio
Your mortgage instalment plus any other debts should not exceed 30-35% of your net monthly income. Banks assess your real repayment capacity before granting the mortgage.
04
Clean credit history
Not appearing on default registers (ASNEF, RAI) and having a responsible payment history is essential. Banks will check the Bank of Spain's CIRBE register to verify your outstanding debts.
Frequently asked questions
Everything about fixed-rate mortgages
What is a fixed-rate mortgage?
A fixed-rate mortgage is a home loan in which the interest rate stays constant for the entire life of the loan. This means the monthly instalment you pay does not change, regardless of how market interest rates or the Euribor evolve.
What are the advantages of a fixed-rate mortgage over a variable one?
The main advantage is stability: you know exactly what you'll pay each month for the whole life of the loan. This protects you against Euribor rises and makes household financial planning easier. Plus, in low-rate periods, you can lock in a competitive rate for the long term.
What requirements do banks ask for a fixed-rate mortgage?
The usual requirements are: stable, provable income (payslip or self-employed with seniority), a debt ratio below 30-35% of your net income, savings of around 20-30% of the property value (down payment + costs), and a good credit history with no defaults.
Is it worth taking out a fixed-rate mortgage in 2026?
It depends on your profile and risk tolerance. In 2026, with the Euribor at moderate levels, the fixed-rate mortgage remains an attractive option for those who prioritise stability. We analyse your particular situation and recommend the best option among fixed, variable and mixed.
Calculate your fixed payment
Find out in seconds how much you'd pay each month with a fixed-rate mortgage. Our calculator compares offers from Spain's leading banks.