Seniors Money

Spain

The Lifetime Loan Calculator

Use the Lifetime Loan calculator to determine how much you could borrow with a Seniors Money Lifetime Loan and to get an indication of how the loan will grow over time.

Step 1

Welcome to the Seniors Money Lifetime Loan Calculator which has been designed to enable you to run your own illustrations.


Once you have entered your age(s) and the estimated value of your home, the calculator will show the maximum amount that you can borrow.


We will also provide you with an estimate of your property value, the loan value and the amount of capital remaining for you or your beneficiaries at various ages.

Work your way through each of the steps:

Your details
Age
Is there a second applicant? Yes No
Loan details
Estimated value of your property:
Assumed property growth rate: (% p.a)*
Assumed interest rate: (% p.a)**
* Assumed property growth rate
Your property value may increase over time. Please enter the assumed property growth rate you would like to use for this illustration. (The default property growth rate is 4% per annum.)
** Assumed interest rate
The current interest rate that is charged on loans is 6.95% per annum (7.30%TAE). The actual interest rate may fluctuate over time. Please enter the interest rate that you wish to use for this illustration (The default rate is 6.95% per annum)

Notes:

  • The nominal rate of interest in your loan agreement will be the Euribor base rate plus 4% p.a. This is your guarantee that the interest rate will never rise above Euribor +4%. However, as long as you meet all your commitments under the loan agreement, in practice you are actually charged a lower rate called the standard rate.
  • The standard interest rate may fluctuate over time but only in response to a change in the European Central Bank interest rate or in our cost of funds.
  • Interest on the loan and fees is calculated daily at the rate entered above and compounded monthly.

Enlarge text: Change text size bigger biggest