It is a personal loan that you can apply for at bbva.es and through the BBVA app, which makes it possible for you to receive the amount of your paycheck or pension payment in advance, up to a maximum of 3 paychecks with a limit of €5,000.
It's easy to apply for and there's no need for paperwork. Log in to bbva.es or the app, select the amount you want and the repayment period and we will deposit it automatically into your account. It's that easy.
Interest rate: 0% NIR (5.66% APR if you direct deposit your paycheck with BBVA).
Amount:
Up to €5,000.
Or the sum of three salaries.
Minimum amount €600.
Term: the repayment term for the loan is 1 to 6 months.
Opening fee: €20.
Payment of the monthly installment: the last business day of each month, in whichever account you chose during the sign-up process. The first installment payment corresponds to the interests of the period starting on the day the loan was contracted up until the last business day of the same month (if both do not coincide).
Partial or full cancellation: this loan has no early repayment fee.
Financing subject to approval by BBVA.
Example calculation of the APR (Equivalent Annual Percentage Rate)
Example calculation of the APR (Equivalent Annual Percentage Rate)
Amount
€1,500
Example calculation of the APR (Equivalent Annual Percentage Rate)
Term
6 months
Example calculation of the APR (Equivalent Annual Percentage Rate)
Commitment fee
€20
Example calculation of the APR (Equivalent Annual Percentage Rate)
Monthly installment
€250
Example calculation of the APR (Equivalent Annual Percentage Rate)
Total amount
€1,520
Example calculation of the APR (Equivalent Annual Percentage Rate)
Interest rate
0% NIR, 5.66% APR*
The APR was calculated taking into account postage expenses: €0.65 monthly.
It is contracted through bbva.es and the BBVA app.
Taking out your loan is very simple:
Select the option " Advance your salary payment" that appears on the toolbar “Your products at a click”.
Choose the amount that you need, within the indicated limits, and the BBVA account where you want us to deposit the money.
The repayment period is from 1 to 6 months.
On the right side of the screen, you can see the amount of your monthly installment payment, term, NIR, APR, opening fee and total amount to be repaid.
To finish contracting the service, click on the button “Contract Loan” and enter your access password to sign the contract. We will pay it to you immediately. It's that easy.
Financing subject to approval by BBVA.
The money is deposited into whichever BBVA account you choose when contracting the loan.
You must use financing responsibly in order to be able to cover the repayments and thus avoid possible surcharges in the form of fees or interest.
In the event of a delay in the monthly repayment, the corresponding late payment fees will be applied.
Nominal interest rate (NIR): it is a fixed percentage that is applied to the amount lent and that determines the amount of the installments to be paid to the financial institution.
Annual Percentage Rate (APR): interest rate that indicates the actual cost or yield of a financial product. The APR is calculated based on a standardized mathematical formula that takes into consideration the nominal interest rate of the operation, the frequency of payments (monthly, quarterly, etc.), the bank fees and some operation expenses.
Opening fee: is the amount we charge you for the formalities carried out by BBVA to grant you the loan and place the amount provided at your disposal.