Before 8.20% NIR
9.37% APR
Now 4.75% NIR*
5.00% APR
* 3.75% NIR and 3.97% APR if you direct deposit your paycheck. 4.75% NIR and 5% APR if you do not direct deposit a paycheck. Offer valid for online loans from May 13 to July 7, 2021, for up to €20,000 with a single borrower. The product is not available at BBVA branches.
Financing subject to approval from Banco Bilbao Vizcaya Argentaria, S.A.
With the home remodeling loan, you can renovate your home to make it more comfortable, to change how it looks and turn it into something new, to upgrade a specific room or to improve it with a view to selling it. Regardless of your ultimate goal, BBVA will help you achieve it with this loan that goes from €3,000 to €20,000, repayable in up to 96 installments (8 years).
And, if you wish, you won't have to send any financial documentation when you apply for the home remodeling loan, because we'll check your financial details securely and anonymously by connecting with your usual bank, using your own login password. This will allow us to deposit the amount of this home remodeling loan in approximately 8 working hours into the account you choose.
But if you prefer, you can also apply for the home remodeling loan by sending us the documentation (ID number, pay stub, work history, etc.).
If you direct deposit your paycheck or pension with BBVA, you will get 1% off the interest rate on your home remodeling loan:
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR) |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR) |
|---|---|
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR)
Amount of the loan €10,000 |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR)
Loan amount €10,000 |
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR)
Term 96 monthly payments |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR)
Term 96 monthly payments |
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR)
Monthly payment €125.41 |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR)
Monthly payment €120.73 |
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR)
Commitment fee €0 until July 7, 2021 |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR)
Commitment fee €0 until July 7, 2021 |
| Without direct depositing a paycheck or pension 4.75% NIR (5% APR)
Total amount €12,106.82 |
With paycheck or pension direct deposited 3.75% NIR (3.97% APR)
Total amount €11,657.64 |
When calculating the APR, €0.70 per month was applied for the monthly mailing of informational loan statements. This expense will only apply to customers who request the statement by postal mail. Does not apply to customers who receive their statement via digital channels.
Total or partial early repayment fee on the unpaid amount: 0.50% if the outstanding payment period does not exceed 12 months, and 1% otherwise.
Apply for the Home Remodeling Loan
The home remodeling loan has a 2.30% commitment fee. However, through July 7, 2021, this fee is €0.
If you decide to repay all or part of your home remodeling loan before the end of the term indicated in the application, you will have to pay an early payment fee of 0.50% of the unpaid principal if fewer than 12 months remain to pay off the loan, or 1% if more than 12 months remain.
