All frequently asked questions

We don't always have the funds available to carry out our projects. A personal loan allows you to finance the purchase of goods or services for various purposes, such as home renovations, education, health or even travel. The amount, term and type are adjusted to your situation at the time of signing the credit agreement.

Requirements: - Identification document: Citizen Card or Permanent Residence Permit - Age: > 30 years (preferred) - Income: > €820 (taxed in Portugal) - Minimum amount: €5,000 - Tax residence in Portugal - Must have existing credit responsibilities

Before taking out a consumer loan, it is important to assess the impact of the monthly payment on your household budget and compare different credit options available on the market.

To find the most suitable personal loan for your situation, you will need to share detailed information about your needs. The more precise the information provided, the more tailored the credit proposal will be, taking into account different features and costs.

You can apply for a personal loan directly at a financial institution or online. To ensure the best financial conditions, we recommend comparing proposals from several institutions and negotiating. Poupança no Minuto agents do this analysis for you, ensuring you find the best solution.

Before taking out a loan, it is essential to be clearly and transparently informed about all the conditions. You should compare credit proposals based on the Annual Effective Global Rate (TAEG). All this information is included in the Standardised Information Sheet (FIN), which must be provided by the financial institution.

The required documents include: Citizen Card (or ID Card + Tax Number); Proof of income: Employees: Last tax return + last pay slip or last 6 pay slips; Self-employed: Tax return + receipts issued in the current year; Retired or pensioners: Tax return and Social Security statement; Quote (in the case of renovation credit); Pro-forma invoice or sale proposal (e.g. for car credit); Proof of supplier's bank account (for car credit).

Yes, it is possible to renegotiate your personal loan. Poupança no Minuto agents can analyse your current contract and negotiate with the financial institution to improve the loan conditions, resulting in significant savings for you.

It is not possible to transfer a personal loan to another institution. However, if you have multiple loan payments, you can opt for debt consolidation, combining all payments into one with a lower monthly installment.

To get the best conditions on a home loan, it is essential to seek the help of specialists. They help analyse all the available options and choose the best alternative. It is important to carefully compare bank proposals, be informed about different interest rates, spreads and your contractual obligations. Count on the support of Poupança no Minuto to ensure the best financing for your home.

The maximum amount you can obtain depends on factors such as your financial situation, income and own capital. Use our home loan simulator or consult one of our agents for a personalised analysis.

Yes, you can renegotiate your loan with your bank or transfer it to another bank with better conditions.

There are several types of home loans, each with its own purpose, which also provides different offer conditions. The most common home loans are: primary permanent residence (HPP), secondary residence (HS), investment/rental housing, land for building a primary residence, garage, storage, land without housing, advance payment and other mortgage credits.

Fixed interest rate: Ideal for those who prefer stability, with a constant payment throughout the loan term; Variable interest rate: Payments may fluctuate based on Euribor (3, 6 or 12 months): When Euribor falls, the monthly payment is also revised downward, and vice versa; Mixed interest rate: Combines an initial fixed rate period and then switches to a variable rate indexed to Euribor.

The spread is the profit margin the bank applies to the interest rate. It varies according to the loan risk, the financed amount and the client's conditions.

The TAN is the interest rate charged on monthly payments and results from the sum of the spread and the index rate.

The TAEG includes all costs associated with the home loan, such as interest, commissions and charges.

The main costs include: Initial fees (application, appraisal, etc.); Type of interest rate and spread; Notary and registration costs; Mandatory insurance (life and multi-risk).

The main taxes are IMT (Property Transfer Tax) and Stamp Duty.

When requesting provisional registrations at the land registry office, you must pay registration fees for the acquisition and the mortgage; On the day of the deed, notary fees are paid for the acquisition and the mortgage loan.

The life insurance premium is calculated based on the age of the home loan holder(s), the amount owed and the risk of the operation, covering situations such as: death, absolute and permanent disability (IAD), total and permanent disability (ITP), illness or accident. The premium value is determined by the insurance company with which the client takes out the insurance.

Multi-risk insurance allows the bank to certify the property it will mortgage. The insurance coverage is the recovery/reconstruction value and its amount is calculated based on the number of rooms, the desired coverages and the geographic location of the property to be insured.

FINE stands for European Standardised Information Sheet. It is a document that allows you to compare the conditions of different home loans, helping you make an informed decision.

The documentation required for a home loan application varies from bank to bank, but there are some essential documents that are always required for the first step. Identification document; Last tax return; Pay slips (last 3 months); Bank statements (last 3 months); Bank of Portugal Credit Responsibility Map. If you are self-employed, additional documents will be required. Contact Poupança no Minuto for support at this stage.

It is a type of financing for those who wish to build a house from scratch. The amount is released in tranches as the construction progresses, based on the phases outlined in the project.

Anyone who owns a plot of land and has an approved construction project. It is also possible to combine income with a co-applicant to strengthen financial capacity.

The credit amount is released in stages as the construction progresses (e.g. structure, roof, finishing). Before each tranche, the bank carries out an on-site inspection.

Yes. The construction loan requires the applicant to already own a plot of land or to include the purchase of the land along with the construction in the financing.

In addition to personal documents and proof of income, you need to submit: Land certificate Architecture project approved by the municipality Building permit Detailed construction budget

Yes. As long as the bank approves the project, you can include the land acquisition and construction costs in the loan.

Yes, as long as the land is legally registered in the applicant's name. Heirs can also be included as co-applicants on the loan.

It can. Some institutions apply different rates during the construction period and adjust them at the end, when the property is completed.

A home renovation loan is specific financing for property owners who want to remodel, renovate or improve their home. It can be used for works such as room renovation, installation of new systems (such as plumbing and electricity), or even to increase the living space of the house.

This type of credit is aimed at any property owner who wishes to carry out improvement works. Even if you already have an active home loan, you can apply for an additional loan or renegotiate the existing contract to include the amount needed for renovations.

Among the main benefits are: Property appreciation: Renovations can increase the market value of your home. Improved comfort: Refurbishments make the space more comfortable and efficient. Adjusted payment terms: You can obtain better financing conditions with flexible terms and competitive rates. Increased energy efficiency: Energy efficiency works can reduce energy costs in the long run.

You can use the loan to finance a wide range of works, including: Kitchen and bathroom renovations, Window replacement and thermal insulation, Painting and cladding, Installation of new electrical or plumbing systems, Extension of the usable area of the house, Energy efficiency improvements (such as solar panels).

The documents usually required are: Identification document (Citizen Card or Passport); Proof of income (last tax return, pay slips); Bank of Portugal Credit Responsibility Map; Detailed budget of the works to be carried out.

Yes, you can. If you already have a home loan, you can apply for an additional loan specifically for renovations, or you can renegotiate the current loan to include the amount needed for the works.

Yes, by carrying out improvement and renovation works, the market value of the property can increase. This can be advantageous if you decide to sell the house in the future or want to renegotiate the loan on more favorable terms.

Yes, the home renovation loan can be used for energy efficiency improvements, such as installing thermally insulated windows, solar panels or more efficient heating systems. In addition to increasing the comfort of the home, these works can result in significant savings on energy bills.

Yes, you can transfer your home loan at any time during the contract. Generally, there are no clauses preventing the borrower from transferring the loan to another bank. However, you must notify your current bank with a minimum of 10 days' notice. After that, the bank has 10 days to provide the loan data and documents to the new bank where the transfer will be made.

To transfer your home loan, you should contact other banks to obtain proposals that suit your needs. After receiving these proposals, compare them with the current conditions of your loan. At Poupança no Minuto, we help mediate the process and identify the most advantageous proposal for you.

The main advantages of transferring a home loan include: Reduction of the spread, resulting in a decrease in the Nominal Annual Rate (TAN); Extension of the contract term; Change of interest rate type (from fixed to variable, or vice versa); Reduction of required insurance premiums; With a new appraisal, the market value of your home may increase.

The APB protocol is an agreement between most banks that allows a mortgage to be transferred from one bank to another. To do this, you must request the Authorization Term at the bank where the mortgage is registered. This term, duly signed and stamped, must be delivered to the bank to which you wish to transfer the loan.

Costs may vary from bank to bank, but the most common include: Early repayment commission (up to 0.5% of the repaid capital if the interest rate is variable, or up to 2% if fixed); New deed costs; Application opening fees; New property appraisal costs.

Debt consolidation credit is a type of financing that allows you to combine multiple loans into a single monthly payment. Banks typically consolidate different types of credit, such as home loans, consumer credit and credit cards. For example, if you have a mortgage, a car loan and a credit card, you can consolidate them all into one contract.

If the consolidation includes only consumer credits, the maximum term offered by banks is generally 7 years, with higher interest rates. However, if you have a property to use as collateral, i.e. if you include a home loan in the consolidation, the repayment term can be longer.

The main purpose of consolidating credits is to simplify payment by combining multiple installments into one, which can reduce the monthly amount paid. However, the loan term may be extended. Consolidated credit can be an effective solution for those who have difficulty meeting monthly payments on multiple credits.

The main advantages include: Reduced risk of default: With a single payment, it is easier to manage finances and avoid missed payments. Lower monthly payment: By consolidating credits, the monthly installment tends to be reduced, providing greater financial flexibility immediately. Competitive interest rates: In many cases, the interest rates on consolidated credit are more attractive, especially in the short term.

Among the disadvantages are: Early repayment cost: Consolidating credits may involve repaying existing debts, which can result in early repayment commission costs. For variable rate credits, this commission can be up to 0.5% of the amount repaid, while for fixed rate it can go up to 2%. Additional costs: Credit consolidation can also generate legal and tax costs, such as registration fees and stamp duty. Increased interest in the long term: Although the monthly payment is lower, extending the repayment term can result in paying more interest over time.

Personal auto credit is a type of financing intended for the purchase of new or used vehicles. It allows you to obtain the necessary amount to acquire a car, which is then repaid in fixed monthly installments over an agreed term with the financial institution.

The main advantages of auto credit include: Flexibility: You can finance new or used cars. Extended terms: Ability to adjust the payment term to your financial capabilities, generally up to 7 years. Fixed interest rates: You always know the amount of your monthly payment, without surprises. Quick access to financing: The approval process is generally simple and fast, allowing you to purchase the car you want without delays.

Personal auto credit works like a traditional loan. The financial institution grants you the amount needed to purchase the vehicle and, in return, you commit to paying fixed monthly installments until the end of the agreed term. Depending on the offer, the car may serve as collateral for the credit.

The maximum amount you can request depends on the financial institution and your repayment capacity. In general, you can apply for amounts between €5,000 and €75,000, depending on the value of the vehicle and your financial situation.

Yes, auto credit can be used for both new and used car purchases. The conditions may vary slightly, with payment terms for used cars typically being shorter and interest rates slightly higher.

The documents normally required are: Identification document (Citizen Card or Passport); Proof of income (last tax return and pay slips); Bank of Portugal Credit Responsibility Map; Pro-forma invoice or vehicle sale proposal; Proof of supplier's bank account (if applicable).

The main costs include: Annual Effective Global Rate (TAEG), which reflects all costs associated with the credit, including interest and commissions; Application fees and, in some cases, vehicle appraisal expenses; Any mandatory insurance, such as life insurance or car insurance, depending on the financial institution.

Yes, you can renegotiate the terms of your auto credit with the financial institution. It is possible to request a review of the payment term or even transfer the credit to another institution with better conditions.

Life insurance is a contract that guarantees financial compensation to your beneficiaries in the event of death or disability. This insurance provides security and stability to your family, protecting them from unexpected financial burdens.

Life insurance is designed to financially protect your family, ensuring that, in the event of death or disability, your loved ones will not have to bear debts or financial burdens, such as paying a home loan.

Anyone who has financial responsibilities, such as loans, dependants or family members in their care, should consider taking out life insurance. It is especially recommended for those with significant debts, such as a home loan, or for those who want to ensure their family's financial security.

Life insurance protects your family with financial compensation in the event of death or disability, regardless of whether you have debts. Credit life insurance is required by banks to guarantee that the outstanding amount will be paid if the borrower dies, preventing the family from inheriting that debt.

Life insurance is not required by law. However, many financial institutions require a life insurance policy associated with the home loan, as a way to guarantee payment of the outstanding amount in the event of death or disability.

The most common coverages in life insurance include: Death: Guarantees financial compensation to beneficiaries in the event of the insured's death. Total and Permanent Disability (ITP): Provides a payment if the insured becomes unable to work due to disability. Absolute and Definitive Disability (IAD): Guarantees compensation if the insured is in a situation of absolute incapacity for any paid activity.

The beneficiaries are the people or entities that the insured designates to receive financial compensation in the event of a claim. They can be close family members, such as spouses or children, or even a financial institution in the case of credit life insurance.

The value of life insurance depends on various factors, such as the age of the insured, the amount of coverage chosen, health status and the type of coverage. The higher the risk (for example, advanced age or health problems), the higher the premium.

Yes, it is possible to change the conditions of life insurance, such as the coverage amount or beneficiaries. However, any change must be negotiated with the insurer, and there may be adjustments to the premium.

If you miss a premium payment, the insurance contract may be suspended or cancelled, leaving you without coverage. It is important to ensure that payments are made regularly to keep the coverage active.

Mortgage life insurance is an insurance policy associated with a home loan, whose main objective is to guarantee the payment of the debt to the bank in the event of death or disability of the loan holders. This insurance is often required by lenders to ensure that the outstanding amount will be settled in the event of a claim.

Yes, you can transfer your mortgage life insurance to another institution with more advantageous conditions. This change may affect the spread on your home loan, as the initial interest conditions may be linked to subscribing to products such as life insurance. Consult a Poupança no Minuto agent to find out if the change can be beneficial for you.

There is no life insurance policy that is best for everyone. The choice depends on your needs, the desired coverages and your personal situation. Poupança no Minuto agents can help compare different options on the market and negotiate the best solution for you.

Yes, it is possible to take out life insurance online. You can start by running simulations on insurer websites, filling in the required data. After the simulations, you can choose the most suitable proposal and proceed with taking out the insurance. The process includes the digital signing of the contract and payment, which can be made by bank transfer, credit card or ATM reference.

According to the Insurance and Pension Funds Supervisory Authority (ASF), the insurance required to start a business depends on the activity. However, the most common include: Workers' accident insurance: Mandatory for all workers, including self-employed; Car insurance: Mandatory if the company owns vehicles; Personal accident insurance: Mandatory for activities such as nurseries, tourist entertainment companies, among others; Civil liability insurance: Mandatory for industrial activities and others involving direct contact with third parties; Fire insurance: Mandatory for companies owning property in horizontal ownership, often integrated into multi-risk insurance.

The main difference between life insurance and health insurance lies in the coverages offered. Life insurance covers events such as death and disability, guaranteeing financial compensation to beneficiaries. Health insurance covers medical expenses, such as consultations, tests and hospitalisations.

Health insurance is a contract that gives you access to private healthcare, covering expenses such as consultations, exams, surgeries, hospitalisations and other medical services. This insurance helps reduce treatment costs and obtain faster and more efficient medical care.

Health insurance coverages may vary according to the contracted plan, but generally include: Specialist consultations; Diagnostic tests; Surgeries and hospitalisations; Hospital treatments; Emergency and ambulance services; Medication and pharmacy expenses (in some plans). You can choose from different levels of coverage, tailored to your needs.

Yes, most health insurance plans allow you to choose doctors and hospitals within the agreed network. Some more comprehensive plans may allow partial reimbursement of expenses with out-of-network providers, but it is advisable to check the policy details to find out what options are available.

The cost of health insurance depends on various factors, such as age, the insured's health status, the chosen level of coverage and the number of people included in the policy (individual, couple or family). You can run a simulation to find the amount best suited to your situation.

The price of health insurance is influenced by several factors, including: Age of the insured: The older the age, the greater the risk and, consequently, the premium. Health status: Some pre-existing health conditions may increase the insurance value. Level of coverage: Plans with broader coverages tend to have higher premiums. Number of insured: Insurance for families or groups may have discounts.

Yes, many health insurance plans allow you to include family members, such as spouses and children, in a single plan. This makes management easier and can even reduce the total cost compared to individual policies.

Coverage of pre-existing conditions depends on the policy and the insurer. In some cases, these conditions may be excluded or subject to waiting periods. It is important to consult the policy terms to find out if your condition will be covered and under what conditions.

The waiting period is the time you must wait after taking out insurance before being able to use certain coverages, such as surgeries or specific treatments. The duration of the waiting period varies according to the policy, but can range from a few months to a year, depending on the type of coverage.

To use your health insurance, simply present your insurance card at the time of the consultation or treatment, at the providers within the agreed network. If the plan allows reimbursement for out-of-network expenses, you will need to submit the receipts to the insurer to receive the corresponding amount.

Yes, it is possible to change your health insurance plan to one with broader coverage or to reduce costs, as your needs change. However, plan changes may involve new risk assessments or additional waiting periods.

Personal accident insurance is a policy that provides financial protection in the event of an accident resulting in disability, temporary incapacity or death. This insurance covers medical expenses and can offer financial compensation if the insured is unable to work or suffers serious injuries.

Personal accident insurance ensures that the insured and their family have financial support in the event of accidents causing medical expenses, loss of income or disability. It can be essential protection in unexpected situations, both at work and during leisure activities.

The most common coverages include: Permanent Disability: Compensation in case of permanent incapacity resulting from an accident. Temporary Disability: Payment of a daily allowance during the period of temporary incapacity. Medical Expenses: Reimbursement or coverage of expenses for treatments, consultations, surgeries, hospitalisations and medications related to the accident. Death by accident: Financial compensation to the insured's beneficiaries in the event of death due to an accident.

Yes, most personal accident insurance policies offer 24-hour, 7-day-a-week coverage, whether the accident occurs at the workplace, at home, during sports activities or while travelling.

Personal accident insurance is recommended for anyone who wishes to protect themselves against possible accidents that could cause physical harm, temporary or permanent incapacity, or even death. It is especially important for those who work in higher-risk professions or regularly practice sports.

Personal accident insurance only covers situations resulting from accidents, offering compensation in case of disability, temporary incapacity or accidental death. Life insurance, on the other hand, covers a broader range of situations, including natural death or permanent disability due to illness.

To make a claim, you will need to provide the following documents: Medical report detailing the accident and its physical consequences; Proof of medical expenses (invoices, receipts for consultations or treatments); Disability report (if applicable); Death certificate in the case of death by accident.

You can take out personal accident insurance through an insurer or intermediary. Most insurers allow you to perform a simulation online or contact an agent directly to obtain a personalised proposal based on your needs and risk profile.

The cost of personal accident insurance depends on factors such as the insured's age, the desired level of coverage, occupation and the type of activities performed (for example, higher-risk sports). The premium will be calculated based on the associated risk and the chosen coverages.

Yes, in the event of accidental death, you can designate the beneficiaries who will receive the financial compensation. Generally, you can name family members or other trusted persons, according to your preferences.

Multi-risk home insurance is a policy that offers comprehensive coverage to protect your property and belongings against various risks, such as fires, floods, storms, theft and other damages. This insurance protects both the structure of the house and its contents (furniture, appliances and other personal belongings).

Multi-risk insurance coverages may vary according to the plan, but generally include: Fires, explosions and natural phenomena (floods, storms, hail); Water damage (burst pipes, leaks); Theft and vandalism; Civil liability (protection against damage to third parties); Contents damage (furniture, appliances and other belongings); Home assistance (in case of emergencies, such as broken windows or water leaks).

Multi-risk insurance is not required by law. However, if you have a home loan, the bank may require you to take out a multi-risk policy to guarantee the protection of the property, which serves as collateral for the loan.

Home insurance only covers structural damage to the property (the house itself), while multi-risk insurance offers more comprehensive coverage, protecting not only the structure of the house but also its contents and any damages caused to third parties.

Yes, it is possible to include high-value items (such as jewellery, works of art or electronic equipment) in multi-risk insurance coverage. However, it is important to inform the insurer of these items so they are properly included in the policy.

Seismic phenomenon coverage is not automatically included in all multi-risk insurance policies. If you want protection against earthquakes, you should check whether your policy includes this coverage or if it can be added as an extra.

Yes, it is possible to adjust the coverages of your multi-risk insurance. You can choose to increase or reduce the level of protection, add specific coverages (such as seismic phenomena or protection of valuable assets), according to your needs.

Yes, most multi-risk insurance policies cover water damage, such as burst pipes or leaks, as long as they are not caused by lack of maintenance. However, it is important to read the policy conditions carefully to understand the limits and exclusions of this coverage.

Civil liability is a coverage that protects the insured against any damages caused to third parties. For example, if a water leak in your home causes damage to your neighbour's apartment, the multi-risk insurance can cover the costs of necessary repairs to the affected property.

In the event of a claim, you should immediately notify your insurer, providing all the details of the incident. It is important to have documents available such as photos of the damage, repair reports and expense invoices, so that the analysis and compensation process is as fast and effective as possible.