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Loan Business BBVA

Loan Business BBVA

Is a loan for self-employed workers and SMEs that you allows obtain financing for the investments of your business.

  • From €3,000 to whatever you need.

  • Fixed, mixed or variable rate.

  • Monthly, quarterly, half-yearly or yearly fee.


Requirements Loan Business BBVA:

  • Be self-employed or an SME.
  • Having an account at BBVA. If you do not have an account open at BBVA, ask us about the available options and economic conditions.
  • The loan is subject to previous authorization from BBVA.

Your adviser will tell you what documents you need to submit in order for the loan to be considered.

Interest rate:

  • You can choose between a fixed, mixed or variable rate.
  • Fees can be paid on a monthly, quarterly, half-yearly or yearly basis, depending on the seasonal nature of your business income.

Amount and term:

  • Amount: from €3,000 to whatever you need.
  • Term: up to a maximum of 10 years.

Fees:

  • Commitment fee: applied on a one-off basis to the amount engaged.
  • Appraisal fee: as above.
  • Fee for partial or total early repayment: applied every time a partial settlement is made or when you settle the entire outstanding amount early. Applied to the amount settled.

Estimate of APR calculation:

  • Amount: €10,000
  • Term: 36 months.
  • Fixed interest rate.
  • Opening fee: €100 (1%).
NIR APR Monthly fee Total amount
5.1%
5.9163%
€300.16
€10,805.70

Can ask for to your manager that you carries out a simulation of the Loan Business BBVA.

Additional info

  • You must use financing responsibly in order to be able to cover the repayments and thus avoid possible surcharges in the form of fees or interest.
  • If payment of the monthly fee is delayed, the corresponding late payment interest will be applied.
  • For reasons of prudence and lending liability, the Bank may request that the transaction be performed before a Notary Public.

  • Fixed interest rate: the monthly installment you pay and the interest rate that applies will not vary during that term. Every month you will pay the same installment amount, even if market interest rates go up or down.
  • Variable rate interest: comprises the value of the reference rate (e.g. Euribor), plus the fixed differential featured in your contract (e.g. Euribor+ 1.5%).
  • Mixed interest rate: you pay a fixed interest rate during an initial term. When this ends, a variable interest rate will be applied over the remaining term.
  • EURIBOR: a reference index that is usually used in bank loans. It indicates the average interest rate at which the main European financial institutions lend each other money.
  • Annual Percentage Rate (APR): interest rate that indicates the actual cost or yield of a financial product. The APR is calculated based on a standardized mathematical formula that takes into consideration the nominal interest rate of the operation, the frequency of payments (monthly, quarterly, etc.), the bank fees and some operation expenses.
  • Nominal interest rate (NIR): it is a fixed percentage that is applied to the amount lent and that determines the amount of the installments to be paid to the financial institution.