Representative example of interest rate up to 15 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.

    Estimated APR calculation for an operation of €150,000 for a 27-year-old borrower in the Comunidad de Madrid, under the assumption that no full or partial early repayment takes place during the entire life of the loan, and assuming that all of the indicated products are contracted at BBVA. The APR may vary in future reviews in the event that these products are not maintained.

     

    Term

    15 years (180 monthly payments).

     

    Initial period

    First 6 months at $${perIniTin}% NIR. € $${perIniCuotaMes} monthly payment.

     

    Rest of the mortgage term

    If you do not sign up for any product:

    • Interest rate: $${tin15NoContratar}% NIR $${tae15NoContratar}% APR
    • Monthly fee: € $${cuotaMens15NoContra}.
    • Total cost of the loan: € $${costeTotalNoContratar} (€ $${interesesNoContratar} is interest).
    • Total amount of the loan (all-in cost + mortgage amount): € $${importTotalNoContratar}.

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

    • Interest rate: $${tin15ContraTodo}% NIR $${tae15ContraTodo}% APR
    • Monthly fee: € $${cuotaMesContraTodo}
    • Total cost of the loan: € $${costeTotalContraTodo} (€ $${interesesContraTodo} is interest).
    • Total amount of the loan (all-in cost + mortgage amount): € $${importTotalContraTodo}.

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

    • Interest rate: $${tin15ContraDos}% NIR $${tae15ContraDos}% APR.
    • Monthly fee: € $${cuotaMesContraDos}
    • Total cost of the loan: € $${costeTotalContraDos} (€ $${interesesContraDos} is interest).
    • Total amount of the loan (all-in cost + mortgage amount): € $${importTotalContraDos}.

    If you purchase Loan Repayment Insurance from BBVA Seguros:

    • Interest rate: $${tin15ContraUno}% NIR $${tae15ContraUno}% APR.
    • Monthly fee: € $${cuotaMesContraUno}.
    • Total cost of the loan: € $${costeTotalContraUno} (€ $${interesesContraUno} is interest). 
    • Total amount of the loan (all-in cost + mortgage amount): € $${importTotalContraUno}.

    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, a $${tin15Futuro}% NIR will apply.

Expenses taken into account in the calculation of the APR

    • Appraisal fees: € $${tasacionQui}.
    • Loan Repayment Insurance BBVA Seguros (will vary depending on the age of the applicant and certain personal circumstances). Total amount and period (single, unfinanced premium): € $${amortizacion}.
    • BBVA Seguros Comprehensive Home Insurance (without contents coverage): € $${SeguroMultiR} annually.
    • Checking account (yearly): € $${cuentaCorriente}.
    • Mail expenses (monthly): € $${gastCorreo}.

    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 company: BBVA Seguros, S.A., de seguros y reaseguros, listed in the Register of the Directorate-General for Insurance and Pension Funds under registration number C-502. 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.