You just have to pay a 3% opening fee (minimum of €90).
CAP Advance Agropréstamo loan
How does it work?
-
If you direct deposit your CAP subsidy with BBVA, you can receive an interest-free advance on the subsidy (0% NIR, from 2.18% APR). 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. So if you applied for it in 2022, you will have until June 30, 2023, for the subsidy to be deposited into your account so you can pay back the loan.
This example will make it clear
-
Example for a €6,000 loan taken out on February 1, 2022, payable by June 30, 2023:
- Fixed NIR: 0%
- Fixed APR: 2.18%
- Commitment fee (3%): €180
- Amount owed on 06/30/2023: €6,000
- Total amount: €6,180
What conditions do you have to meet?
-
To request the CAP advance, you have to be rancher or farmer and own a farm that is eligible for the subsidy, and direct deposit the CAP subsidy into a BBVA account.
Would you like more information?
Are you looking for another type of business loan?
If this is not the product you were looking for, don't worry. We'll help you choose the one that best suits your needs with our financing adviser.
You might also be interested in
-
Linked Agro Credit Account
Get liquidity for your farming business, up to 150 thousand euros. Combine the advantages of a credit account and a credit limit. -
Agrocoop Business Card
- Monthly credit of up to €6,000.
- Extensive insurance coverage.
- Only for farmers and agricultural and livestock cooperatives.
Be a BBVA customer.
- At BBVA, we want to help you grow your business by offering the financing you need.
- We are working to make your life a little easier with our digital solutions.
- Our approach is based on transparency, clarity and responsibility.
Add your banks to the BBVA app
- I have a company
- I am a self-employed worker
Discover the BBVA Company Aggregator
Add and manage all your business bank accounts in one place.
Manage all your accounts, make better decisions, and save time for your business.
Your other banks
Add your other banks to the BBVA app.
View the status of your accounts, cards, recent transactions, pension plans, etc., with the BBVA app aggregation service.
CAP Advance Agropréstamo loan
Apply