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    BBVA Environmentally Friendly Car Loan

    We'll help you finance your electric or plug-in hybrid car

    If you choose an environmentally friendly vehicle, you can take advantage of a special interest rate.
    • From €3,000 to €75,000.
    • No commitment fee.

    • Interest rate 4.95 % NIR 5.22% APR

      with your salary or pension deposited directly at BBVA.
    • From 2 to 8 years to repay the loan.

    What can you use the loan for?

    • With this loan, you can finance the purchase of electric or plug-in hybrid vehicles. 100% of what you request needs to be for purchasing the car.

    With the best interest rate

    • To enjoy this interest rate, you only need to meet one of these conditions:

      • Direct deposit at BBVA of your paycheck of a net monthly amount of at least €600.
      • Direct deposit of your pension of a net monthly amount of at least €300.

    Are you interested?

    • Applying for your Environmentally Friendly Car Loan is this simple:

      1. Fill out the application form.
      2. We will contact you for further information.
      3. If everything is in order and BBVA approves the loan, the only thing left to do would be to sign the contract at your branch.
      4. 24 hours after signing, you will receive the money in your account.

      You have the right to withdraw from the loan contract without incurring a cancellation fee for a period of 14 calendar days from the date you sign. You will only have to pay for the interest accrued during those days.

      For example: if you apply for a loan of €10,000 with an NIR of 4.95% over 8 years (96 months) and decide to cancel it before the 14 calendar days, you will have to pay €1.36 for each day that has elapsed.

    Fewer emissions and fewer fees

    • Mobility is changing, and we want to promote this change at BBVA. Which is why if you choose an electric or plug-in hybrid car, you don't have to pay a commitment fee when you apply for this loan.

    This example will make it clearer

    • Representative example if you direct deposit your paycheck at BBVA
      • Loan amount: €10,000.
      • Commitment fee: €0.
      • Repayment period: 8 years (96 months).
      • Constant monthly payment: €126.36.
      • Interest rate: 4.95% NIR (5.22% APR).
      • Total to repay: €12,197.96

      The APR was calculated taking into account postage expenses: €0.70 monthly.

      If you need to open a checking account exclusively for managing this loan, and if the conditions for having no maintenance fees on said account are not met, the fee will be €120 per year. Therefore, the APR of the loan would be 7.47%, with a total cost of €13,157.96.

    You have 14 days to change your mind

    Remember that you have the right to withdraw from the loan contract without incurring a cancellation fee for a period of 14 calendar days from the date you sign. You will only have to pay for the interest accrued during those days.

    Apply for the BBVA Environmentally-Friendly Car Loan

    Apply

    Would you like more information?

    You don't have to pay any study or commitment fees.

    If you decide to pay back all or part of your loan early, you will have to pay a 0.50% fee if there are less than 12 months left to repay it, and 1% if there are more than 12 months left. 

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