The Mutuo Mediolanum Eco+ is a mortgage product aimed at buyers and owners who plan to finance dwellings built or renovated with a focus on high energy performance or sustainable construction. Designed as an alternative to the standard Mutuo Mediolanum, this offering provides an agevolato spread compared with the base product and
is available to natural persons for multiple purposes: purchase, exchange, renovation or subrogation of an existing loan held with another institute. As a secured credit, the loan requires a first-degree mortgage recorded at 200% of the disbursed capital to protect the lender and the financial relationship.
Eligibility focuses on the building’s environmental credentials: properties must be classified in energy classes C, B, A or A+ or carry recognized bio-building certifications, such as SALE/CASACLIMA or equivalent attestations. The contract sets
the interest as a variable rate indexed to Euribor 3 months (base 360), combined with a contractual spread that creates the TAN. If the index at a reference date is negative, the applied rate for that quarter cannot fall below the agreed spread floor. Specific client profiles—for example certain asset holders connected to the Mediolanum group—may qualify for additional favourable terms described in the product literature.
Key terms: duration, loan-to-value and indexing
The finance period for this mortgage ranges from a minimum of 10 years to a maximum of 30 years, adjustable to the borrower’s planning needs. The maximum LTV depends on the transaction: up to 90% for purchases, while exchange or subrogation operations are capped at 80% LTV. The actual amount financed is influenced by the property valuation and the applicant’s financial profile. Minimum lending amount is €30,000, whereas the maximum credit line is determined on a case-by-case basis following documentation review and internal assessments.
Spread and how the index works
This mortgage offers a reduced spread relative to the base Mutuo Mediolanum product, typically ranging between 0.20% and 0.45% depending on factors such as the chosen duration, the LTV, the applicant’s capital position and the level of the index. The effective margin may change if the Euribor 3 months moves, since the agreed contractual conditions allow the applied interest to vary following the index. Importantly, the contract enforces a floor so that when the index is negative the applied rate will not be lower than the contractual spread.
Costs, required securities and insurance
Upfront and recurring costs are clearly defined. The arrangement fee stands at 0.90% of the requested amount, with a minimum of €700 and a maximum of €1,800. A fixed property appraisal fee of €320 applies and must be paid in a single instalment. Regarding taxation, the substitute tax is either 0.25% or 2% of the financed sum depending on the property’s tax status (for instance primary residence versus second home); for non-residential properties the substitute tax is generally 0.25%. Annual administrative charges for handling the file are €50, covering tasks such as collection of instalments and provision of paper statements when requested.
Insurance and real guarantees
Contractual conditions require a mandatory property damage insurance policy issued by an Italian insurer to protect the asset financed; this cover is a prerequisite for disbursement. Optional products, like life insurance or specific mortgage protection plans, are available through the affiliated insurance group but are not compulsory. The main real guarantee remains the first-degree mortgage set at 200% of the disbursed capital, which secures the bank’s exposure over the loan term.
Worked example and how to get more details
To illustrate how charges can add up, consider a variable-rate loan of €100,000 over 20 years repaid under a French amortization schedule. Using the scenario published for illustrative purposes, an indicative TAEG is 3.42% if the rate were to remain constant. Example costs include an arrangement fee of €900, appraisal €320, substitute tax €250 (0.25%), an optional fire and explosion insurance premium of €624, annual administration fees of €50, and interest totaling €33,958.16. This produces a total cost of credit equal to €37,052.16 and an overall amount payable of €134,958.16, with the collateral property valued at €200,000 in the example.
Where to obtain personalised information
Mutuo Mediolanum Eco+ is presented as a promotion-oriented product supporting sustainability and reduced CO2 emissions by favouring efficient buildings. For the full contractual and economic details consult the document titled General information on consumer real estate credit available in the Transparency section, from your Family Banker or at Mediolanum branches. Personalized quotes and the standardised European information sheet are provided by advisors; final terms depend on the applicant’s profile, the index level, tenure and LTV, and are subject to the bank’s credit assessment.