BBVA Personal Group Loan
This example will make it clear
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Example for a loan with a paycheck direct deposited
- Loan amount: €10,000
- Term: 60 months
- Age: 40 years
- Interest rate: 6.90% NIR/7.30% APR
- Constant monthly payment: €197.54
- Total debited amount: €11,899.26
Calculations based on loan being signed on the last day of the month.
Remember that to get the 1% interest rate discount, you need to direct deposit a paycheck with BBVA for at least €600 for the entire duration of the loan.
Example for a loan without a paycheck direct deposited- Loan amount: €10,000
- Term: 60 months
- Age: 40 years
- Interest rate: 7.90% NIR, 8.37% APR
- Constant monthly payment: €202.29
- Total debited amount: €12,183.85.
Calculations based on loan being signed on the last day of the month. In all cases: no commitment fee on the loan amount.
Do you want it?
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Requesting your Personal Loan for Collectives is easy:
- Fill out the application form.
- Send us the documentation we request.
- And if everything is checks out, we'll deposit the money into 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.
Warning
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The APR on the loan is calculated taking into account postage costs, which in 2022 are €0.78/month. 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.
Remember that to get the 1% discount on your Personal Loan for Collectives, you need to direct deposit a paycheck of at least €600 with BBVA.
You have 14 days to change your mind
Would you like more information?
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