Example of deferred payment with fixed amount:
This example complies with the information requirements of Order EHA/1718/2010, which governs and controls the advertising of banking services and products, the conditions of which may not correspond to those of the contract.
If you make a purchase for €1,500 with a NIR of 17.52% and you choose to make a fixed monthly payment of €43.69, you would have to pay:
- 48 monthly payments of €43.69.
- The total amount payable will be €2,356.98 and the APR will be 27.82%
The calculation of the APR and the total amount payable takes into account the €65 card issuance and maintenance fee, which is charged annually.
IMPORTANT: With the settlement system of the Aqua Máxima credit card, it isn't always possible to repay the credit in 48 equal monthly installments because the minimum amount payable is 3% of the balance drawn. This means that every month, you will pay the higher of the following amounts:
- The selected payment, consisting of principal, interest and fees.
- Or 3% of the credit drawn before settlement, plus the interest and fees for the period.
If you get this card and on the same day, for example, May 1, 2022, you make a purchase for 1,500 euros and choose to make payments of €36.79 on the 5th of each month, the total amount payable over 48 months, assuming an NIR of 17.52%, would be €2,276.41. The APR will be 29.12%.
The calculation of the APR and the total amount payable takes into account the €65 card issuance and maintenance fee, which is charged annually in the month when the card is issued. This fee is part of the balance financed.