CAP Advance Agropréstamo loan
Obtain an advance on the subsidy.
How does it work?
If you direct deposit your CAP subsidy with BBVA, you can receive an advance on the subsidy with no interest (0% NIR, APR from 2.65%). You can request the entire amount of the subsidy and return it automatically when the subsidy is deposited in your account.
You will only pay an arrangement fee of 3% of the amount requested. You will have until June 30 of the following year to return the CAP advance. Es decir, si lo has solicitado en 2020, tendrás hasta el 30 de junio de 2021 para que te ingresen la subvención y, así, devolver el préstamo.
What conditions do you have to meet?
To request the CAP advance loan, you must be a farmer and own a holding and be entitled to the subsidy.
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