Study Loan

Terms and Conditions valid until 03/31/2021. Loan subject to approval by Banco Bilbao Vizcaya Argentaria, S.A.

Yes, to obtain this loan you must have a BBVA account, which is where the money will be deposited and the payments will be charged. If you are not already a client, you can open your account during the process.

You do not need to direct deposit your paycheck or pension to get the fixed interest rate of 3.95% (4.15% APR).

From a minimum of €1,000 to a maximum of €75,000. If you need a smaller amount, you can request one of our credit cards.

The Under 2-Year Study Loan does not have a commitment fee.

If you decide to liquidate the loan early, in full or in part, you will have to pay a fee depending on the repayment period left:

• 1% of the amount to liquidate if there are under 12 months remaining.
• 1% of the amount to liquidate if there are more than 12 months remaining.

You have the right to withdraw from the loan agreement for 14 calendar days after signing the agreement, at no additional cost.

The payments will be charged to your BBVA account on the last day of each month.

In the event of delays in the monthly payment, the corresponding late payment fees will be applied. Non-payment may have serious consequences (such as foreclosure) and affect your credit score.

BBVA recommends responsible use of the loan in order to be able to pay the monthly instalments and avoid surcharges in fees or interest.

Before signing the contract, you will receive the European standardized information on consumer credit. To grant loans based on prudential and responsible criteria, the bank may request the involvement of a notary public.

NIR (Nominal Interest rate) is what you pay to a bank in exchange for receiving a loan. NIR is usually less than APR and is not useful to compare the price of different loans, since it includes the interest rate only and not the transaction costs.

APR (Annual Percentage Rate) indicates the cost of a financial product such as a loan, including interest and the various associated expenses and fees. This information lets you compare different loans because the lower the APR, the cheaper the loan.