Repayment options


Most Portuguese lenders offer different types of mortgage repayment options and we can assist you to make the right choice when choosing your mortgage product.

Capital repayment mortgage

This is the most commonly used type of mortgage in Portugal and offered by all leading lenders. With each monthly payment you pay the interest cost and reduce the outstanding capital bit by bit. The loan will be fully repaid at the end of the mortgage term.

For an indication of the monthly repayment amount on a capital repayment basis, please consult our mortgage calculator.

Interest only mortgage

Some banks offer a limited number of years at the beginning of the loan term on an interest only basis. During this limited period you pay for the cost of the interest only. When the interest only period expires, the mortgage will automatically be converted into a capital repayment mortgage for the remaining mortgage term.


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