Across 193 recent offers analysed in July 2026, the reported median fixed rate is 2.40%. Sabadell, Ibercaja, CaixaBank, BBVA and Santander have comparable samples, but the best bank depends on the borrower, loan size, LTV and cost of linked products.
Which bank offers the best mortgage right now
There is no single best bank. There is a bank offering the most competitive combination for a particular borrower, loan size, loan-to-value ratio, and package of linked products. This comparison uses recent offers reported by the community and does not publish rankings when the sample is too small.
The July 2026 snapshot
The current dataset contains 193 offers from 14 banks, dated between April and July 2026:
- Fixed: 163 offers, with a 2.40% median.
- Mixed: 25 offers, with a 1.86% median for the reported initial fixed period.
- Variable: only 5 offers, which is not enough for a reliable bank ranking.
These are reported offers, not advertised products. Two applicants can receive different terms from the same bank.
Banks with a comparable fixed-rate sample
Banks should only be ordered when each has several recent observations. The current sample shows:
| Bank | Fixed offers | Reported median |
|---|---|---|
| Sabadell | 9 | 2.15% |
| Ibercaja | 5 | 2.24% |
| CaixaBank | 48 | 2.35% |
| BBVA | 50 | 2.40% |
| Santander | 10 | 2.40% |
| Kutxabank | 5 | 2.45% |
| Unicaja | 14 | 2.48% |
A low median based on five offers is less robust than one based on fifty. That is why every result displays its sample size.
The lowest rate is not always the cheapest mortgage
Compare at least five things:
- Discounted and undiscounted nominal rate. The clean rate shows the cost if you stop meeting a condition.
- APR and total cost. These capture part of the impact of fees and linked products.
- Insurance and other products. Convert every premium or contribution into an annual cost.
- Early repayment, renegotiation, and switching fees. These matter if you want to change the loan later.
- Loan-to-value ratio. An 80% offer is not comparable with a 90% or 100% loan.
How to use the ranking
Use banks with enough data to build a shortlist, request written offers, and compare scenarios with and without linked products. A difference of a few tenths can disappear when it requires expensive insurance or contributions you would not otherwise make.
See the current mortgage market for pages that meet the publication threshold and individual bank profiles.
Data reviewed on 17 July 2026. Offers change and this sample does not represent every mortgage granted in Spain. Information only, not financial advice.