How to finance a mobile home: credit, rates and instalments
Yes, a mobile home can be financed. Because it is a movable dwelling (not a fixed construction), financing is arranged through consumer credit with a "home" purpose, rather than through a classic mortgage. Green Village routes the process through a credit intermediary registered with Banco de Portugal, which compares offers from several partner banks.
This guide explains whether you can finance, what rates to expect — the nominal APR (TAN) vs the effective APR (TAEG) — how long you can pay over, and how to simulate your instalment, so you know the real figure before you decide.
Is it possible to finance a mobile home?
It is. Financing is arranged through consumer credit (home/furnishings purpose), intermediated by a partner registered with Banco de Portugal as a tied credit intermediary. That partner is not a bank: it compares and presents offers from several institutions (for example Cofidis, Cetelem/BNP, Younited, Banco CTT), and you choose the best one.
Eligibility depends on your profile (income, debt-to-income ratio, credit history) and the country of installation. Green Village submits the application and follows it through to the decision.
Rates: nominal APR (TAN), effective APR (TAEG) and what to expect
There are two rates to know: the nominal APR (TAN), which does the maths of the instalment, and the effective APR (TAEG), which includes charges such as stamp duty and is the one you should use to compare offers.
The rate shown is always indicative — the real offer comes from the partner banks. As a reference: in the best case on the market the effective APR (TAEG) starts at around 9.9%; to avoid promising too little, our simulation uses a more conservative representative APR (TAEG) (around 14.9%), always below the legal maximum set quarterly by Banco de Portugal. In other words: the bank's real offer tends to be equal to or better than the simulation.
Terms, amounts and the instalment
Terms typically run up to 120 months (10 years). The amount can range from a few thousand euros up to the value of the unit. The monthly instalment is a function of three things: the amount financed, the term and the rate.
For the exact figure of your instalment, run a simulation in seconds on our credit page — adjust the amount and the term and see the estimated instalment instantly.
How to proceed and which documents you need
To apply for financing, gather: identification document, tax number (NIF) and proof of income (payslips / income-tax return). With the application, the intermediary compares the partner banks' offers and presents the terms; the decision is yours.
Green Village bridges the choice of unit and the credit, so you handle everything in one place.
In summary
- Financed through consumer credit (home purpose), not a mortgage.
- An intermediary registered with Banco de Portugal compares offers from several banks.
- Effective APR (TAEG) from ~9.9% in the best case; conservative simulation around 14.9% (below the legal maximum).
- Terms up to 120 months — simulate the exact instalment at /credito.
Frequently asked questions
Can I finance the purchase of a mobile home?
Yes. Because a mobile home is a movable dwelling, financing is arranged through consumer credit with a home purpose, rather than a mortgage. Green Village submits the application through a credit intermediary registered with Banco de Portugal, which compares offers from several partner banks.
What is the interest rate on credit for a mobile home?
The rate is indicative and depends on your profile and the bank. As a reference, the effective APR (TAEG) starts at around 9.9% in the best case on the market; our simulation uses a more conservative representative APR (TAEG) (around 14.9%), always below the legal maximum set by Banco de Portugal, so that the real offer tends to be equal or better.
What is the maximum financing term?
Terms typically run up to 120 months (10 years). Longer terms lower the monthly instalment but increase the total cost of the credit. You can simulate different terms on the credit page.
What documents do I need to apply for credit?
Identification document, tax number (NIF) and proof of income (payslips or income-tax return). With these details, the intermediary compares the partner banks' offers and presents the available terms.