Legal Moratorium on Non-Mortgage Loans and Credits due to COVID-19

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On February 3, 2021, Royal Decree-Law 3/2021 was published in the Official State Gazette, which establishes an extension of the application period (until March 30, 2021) and the duration of the moratoriums set out in the previous law (up to 9 months).

The law provides for urgent and extraordinary measures to address the socioeconomic impact of COVID-19, and describes the conditions, documents and timeline to request a moratorium on the payments on non-mortgage loans and credits.

Our customers with a non-mortgage loan or credit at BBVA who satisfy the vulnerability conditions due to COVID-19 are able to apply for this moratorium, during which time their payments on a non-mortgage loan or credit are suspended for up to nine months, with no payments and no late interest.

Keep in mind that the application of the moratorium will change the duration of the non-mortgage loan or credit by the same length of time as the payments are suspended.

What does this Legal Moratorium on Non-Mortgage Loans and Credits entail?

BBVA is offering its customers (employees and the self-employed) who have a non-mortgage loan or credit with BBVA dated prior to March 13, 2020, and who may have temporary problems making their monthly payments due to reduced earnings as a result of COVID-19, the option to apply for this legal moratorium.

It consists of postponing the full payment of the non-mortgage loan or credit (no principal or interest is paid) for the duration of the moratorium, up to a maximum of 9 months.

If you previously received the Legal or Sector Moratorium, or both, for your non-mortgage loan or credit, the sum of the two cannot exceed 9 months.

What does the application of the Legal Moratorium on Non-Mortgage Loans and Credits mean?

During the postponement period, the full loan payment will not be made and the duration of your non-mortgage loan or credit is extended by the length of the Moratorium 

Once the moratorium is over, the outstanding principal will have to be repaid to the Bank through payments that include both the principal and interest, which are recalculated based on the terms agreed in the non-mortgage loan or credit. The Bank will give you a new repayment schedule for the remaining installments.

How the moratorium is requested

To submit the application, you can contact your branch or your usual adviser. They will answer all your questions and tell you what documents you need.

Documentation required to request the moratorium on non-mortgage loans due to COVID-19

Employment status documents

  • If legally unemployed: a certificate issued by the company managing the benefits that shows the monthly amount received for unemployment benefits or subsidies.
  • In the event of a work stoppage by self-employed workers: certificate issued by the State Tax Administration Agency (AEAT) or by the competent body of the Autonomous Community, where applicable, on the statement of work stoppage declared by the applicant.

Documents that can be used to verify the number of individuals living in the property

  • Family book or document certifying the registration as a civil partner.
  • Census certificate for the individuals registered in the property, with reference to the time of presentation of the supporting documents and to the previous six months.
  • If applicable, a declaration of disability, dependency or permanent disability to carry out an employment activity.

Affidavit from the borrower

The affidavit that must be signed by all the borrowers, indicating compliance with the legal requirements to be regarded as having insufficient financial resources, is contained in the application form, which is available at your branch.

Moratorium implementation period

The deadline for requesting this moratorium is March 30, 2021. 


Regulation that lays out this process

  • Royal Decree-Law 11/2020, published in the Official State Gazette on April 1, 2020
  • Royal Decree-Law 26/2020, published in the Official State Gazette on July 8, 2020
  • Royal Decree-Law 3/2021, published in the Official State Gazette on February 2, 2021.
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Simulator for the moratorium on non-mortgage loans

With our simulator, you can easily find out if you are eligible for the legal non-mortgage moratorium (R.D. 11/2020, R.D. 26/2020 and R.D. 3/2021).