This example will make it clearer
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EXAMPLE OF A LOAN WITH PAYCHECK OR PENSION DIRECT DEPOSITED
- Loan amount: €10,000.
- Commitment fee: €0.
- Repayment period: 8 years (96 months).
- Constant monthly payment: €125.65.
- Interest rate: 4.80% NIR / 5.08% APR.
- Total to repay: €12,137.20
The APR was calculated taking into account postage expenses: €0.78 monthly.
Calculations based on loan being signed on the last day of the month.
EXAMPLE OF A LOAN WITH NO PAYCHECK OR PENSION DIRECT DEPOSITED- Loan amount: €10,000.
- Commitment fee: €0.
- Repayment period: 8 years (96 months).
- Constant monthly payment: €130.44.
- Interest rate: 5.80% NIR / 6.13% APR.
- Total to repay: €12,597.40
The APR was calculated taking into account postage expenses: €0.78 monthly.
Calculations based on loan being signed on the last day of the month.
You can improve the interest rate
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To be eligible for a discount in the interest rate of the Eco-Car Loan, 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.
What can you use the loan for?
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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.
Are you interested?
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Applying for your Environmentally Friendly Car Loan is this simple:
- Fill out the application form.
- We will contact you for further information.
- 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.
- 24 hours after signing, you will receive the money in your BBVA 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 4.80% over 8 years (96 months) and decide to cancel it before the 14 calendar days, you will have to pay €1.32 for each day that has elapsed.
Fewer emissions and fewer fees
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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.
You have 14 days to change your mind
How much money can I request to finance a car?
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From a minimum of €3,000 up to a maximum of €75,000. If you need a smaller amount, you can request one of our credit cards.
How long do I have to pay it off?
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You can choose from a minimum period of 2 years up to a maximum period of 8 years, depending on the amount requested.
What fees does this loan have?
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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.
Would you like more information?
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- We are working to make your life a little easier with our digital solutions.
- Our approach is based on transparency, clarity and responsibility.