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Portugal mortgage qualifier 2026
Find your maximum LTV, monthly payment, and best-match Portuguese bank across the six lenders that fund non-resident purchases in 2026. Adjusts for country of tax residence, age, income, and residency status at signing.
Portugal mortgage qualifier for foreign buyers (2026)
Max LTV, monthly payment and best-match Portuguese bank across the 6 lenders that actually fund non-resident purchases.
Best match
Millennium BCP
Up to €260,000 (65% LTV) at ~4.20%
- Monthly payment
- €1,401
- Total interest (25 yr)
- €160,375
- Spread over Euribor
- +1.70%
Largest non-resident book in Portugal. Strongest for EU + UK + US buyers; Israeli source-of-funds review is the longest of the mainstream banks.
See all 6 banks compared
| Bank | LTV | Loan | Rate | Monthly | Status |
|---|---|---|---|---|---|
| Millennium BCP | 65% | €260,000 | 4.20% | €1,401 | match |
| Novobanco | 60% | €240,000 | 4.30% | €1,307 | match |
| BPI | 60% | €240,000 | 4.17% | €1,290 | match |
| Santander Totta | 65% | €260,000 | 4.20% | €1,401 | match |
| Bankinter Consumer Finance | 65% | €260,000 | 4.40% | €1,430 | match |
| Crédito Agrícola | 50% | €200,000 | 4.45% | €1,106 | match |
Estimates only. Actual offers depend on each bank’s internal scoring, source-of-funds review, and the property appraisal. Rates illustrative based on 6M Euribor + published spread bands as of May 2026.
The six banks that lend to foreign buyers
Portugal has six mainstream banks running formal non-resident mortgage programmes in 2026:
- Millennium BCP — the largest non-resident book in Portugal. Strongest for EU + UK + US.
- Novobanco — Strong on French and Brazilian buyers; conservative on age and self-employed.
- BPI — Strong on Brazilian buyers; useful for buyers with Spanish accounts (owned by CaixaBank).
- Santander Totta — Cleanest cross-border process if you also bank with Santander in your home country.
- Bankinter Consumer Finance — Highest LTV for Israeli and other "harder" buckets; best age cap (80) for older buyers.
- Crédito Agrícola — Cooperative bank with rural presence; most conservative on non-EU; useful for EU primary-residence buyers.
How spreads work
The interest rate on a Portuguese mortgage is the 6-month Euribor (currently around 2.4-2.6% in May 2026) plus a spread set by the bank. The spread is fixed for the life of the loan; the Euribor portion is reset every 6 months. For non-resident buyers in 2026, spreads typically fall between 1.3% and 2.4%, putting headline rates in the 3.7-5.0% range.
Spreads are negotiable — banks have a published band and a discretionary band below. Bringing a savings account, payroll deposit, or insurance policy to the same bank can compress your spread by 0.1-0.3%. Documented home-country income above €100k/year can compress it by another 0.1-0.2%.
Next steps
For the full mortgage process, documentation timeline, and bank-by-bank deep-dive, see our complete mortgage rates guide. For the rest of the transaction cost stack (IMT, Stamp Duty, notary, agent fees) use our IMT calculator and read our complete buyer guide.