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    Representative example of interest rate up to 30 years

    • During the first 6 months, the maximum discount will be applied to the fixed interest rate. For the remaining months, the bonus will depend on the products opened and their maintenance.

      Sample APR calculation for a €150,000 loan for a 31-year-old borrower in the province of Barcelona, assuming that no full or partial early repayments are made for the life of the loan, and that all of the indicated products are taken out at BBVA. The APR may vary in future revisions if said products are not maintained.

      • Loan amount: €150,000.
      • Term: 30-year loan divided into 360 monthly payments, including principal and interest, and assuming that the payment date is equivalent to the contract signature date.
      If you do not sign up for any product
      • First 6 months at 3.00% NIR. Monthly payment €632.41.
      • Rest of the mortgage term Interest rate: 4.00% NIR 4.60% APR.
      • Monthly fee: €714.94.
      • Total cost of the loan: €123,657.57 (€106,881.65 is interest).
      • Total amount of the loan (all-in cost + mortgage amount): €273,657.57.

       

      If you sign up for other products

      If you sign up for, Salary Account and Comprehensive Home Insurance with BBVA Allianz Insurance and Repayment Loan Insurance with BBVA Insurance:

      • First 6 months at 3.00% NIR. Monthly payment €632.41.
      • Rest of the mortgage term Interest rate: 3.00% NIR, 4.06% APR.
      • Monthly fee: €632.41
      • Total cost of the loan: €101,723.75 (€77,666.18 is interest).
      • Total amount of the loan (all-in cost + mortgage amount): €251,723.75.

       

      If you sign up for Salary Account and Comprehensive Home Insurance with BBVA Allianz Insurance:

      • First 6 months at 3.00% NIR. Monthly payment €632.41.
      • Rest of the mortgage term Interest rate: 3.50% NIR, 4.12% APR.
      • Monthly fee: €672.99
      • Total cost of the loan: €108,808.70 (€92,032.78 is interest).
      • Total amount of the loan (all-in cost + mortgage amount): €258,808.70.

       

      If you purchase Loan Repayment Insurance from BBVA Seguros:

      • First 6 months at 3.00% NIR. Monthly payment €632.41.
      • Rest of the mortgage term Interest rate: 3.50% NIR, 4.56% APR.
      • Monthly fee: €672.99.
      • Total cost of the loan: €116,090.35 (€92,032.78 is interest). 
      • Total amount of the loan (all-in cost + mortgage amount):  €266,090.35.

      To qualify for these rates, it is necessary, moreover, for you to be up-to-date with your payments and not have amounts outstanding with the Bank. Otherwise, the 4.00% NIR will be applied.

    Expenses taken into account in the calculation of the APR

      • Appraisal fees: €280.72.
      • Loan Repayment Insurance from BBVA Insurance (will vary depending upon the applicant's age and specific personal circumstances). Total amount and period (single, unfinanced premium): €7,281.65.
      • BBVA Allianz Seguros Comprehensive Home Insurance (no coverage of contents): €300 yearly.
      • Checking account (yearly): €240 (maximum cost if the conditions for waiving the maintenance fee on said account are not met).
      • Mail expenses (monthly): €0.82.

      The products opened with BBVA will be reviewed half-yearly during the entire life of the loan.

      French repayment system: the same amount is paid every month, provided that the interest rate applicable to the loan does not vary during the settlement period, or that no early payments are made. The mortgage payment consists of the interest and the amortization of the principal on the loan. Since the amount payable is constant as long as the interest rate is unchanged, as the outstanding principal on the mortgage is paid back, the interest generated on this principal decreases. This means you pay more interest than capital during the first years of the mortgage and then more capital than interest in towards the end of the loan.

       

      Calculation of the monthly payment: Payment=(C*i/m)/(1-(1+i/m)EXP(-m*n))

      Where:

      C: outstanding principal on the loan.

      i: annual nominal interest rate (expressed as a decimal).

      m: number of annual payments.

      n: number of years in the loan period.

       

      Calculation of the associated interest: Interest = C*i/p

      Where:

      C: outstanding principal on the loan.

      i: annual nominal interest rate (expressed as a decimal).

      p: number of payments in one year.

      Calculation of the part corresponding to the principal: payment minus interest.

       

      Insurance companies
      • BBVASEGUROS, S.A., de Seguros y Reaseguros, listed in the Register of the Directorate-General for Insurance and Pension Funds under code C-502. 
      • BBVA ALLIANZ SEGUROS Y REASEGUROS, S.A., listed in the Register of the Directorate-General for Insurance and Pension Funds under reference C0807.
      • Broker: BBVA MEDIACIÓN, OPERADOR DE BANCA-SEGUROS VINCULADO, S.A., listed in the Special Administrative Register of Insurance Brokers of the Directorate-General for Insurance and Pension Funds under registration number OV-0060. With liability insurance arranged and sufficient financial resources.