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BBVA Coche Online Loan

Coche Online Loan

From

5.95% NIR

6.80% APR

BBVA Coche Online Loan

If want change of car, BBVA's Coche Online Loan you it puts easy.

  • Interest rate from 5.95% NIR (APR 6.80%).
  • Up to €75,000 and a term of up to 8 years.
  • With no appraisal fee.

I want to apply


Requirements of the Coche Online Loan:

  • Only need have an account in BBVA.
  • Moreover if want achieve the best price have to having your salary or pension paid DIRECT into your BBVA account during all the loan life car.
    • The salary or pension paid into your account must be for an amount above €1,000 a month in the case of one title holder.
    • In the event of two or more title holders, the sum of the salaries or pensions paid into BBVA must be at least €1,500 a month.

Interest rate of the Coche Online Loan:


New car (up to 36 months old) Used car (more than 36 months old)
With a salary or pension paid into your account NIR 5.95% (APR from 6.80% until 9.05%)
NIR 7.20% (APR from 8.15% until 10.42%)
Without direct payment of salary or pension NIR 6.95% (APR from 7.87% until 10.15%) NIR 8.20% (APR from 9.23% until 11.52%)

The APR was calculated taking into account postage expenses: €0.60 monthly.

  • Payment of monthly fee of the Coche Online Loan: last day of each month.

Fulfilling conditions. Granting subject to approval by BBVA.

Amount:

  • A minimum of €3,000 and a maximum of €75,000.

Term:

  • The minimum term for return the loan car is of 2 years and the maximum of 8 years.

Fees:

  • With no appraisal fee.
  • Commitment fee: 2.30% with no minimum amount.
  • Fee for partial or total cancellation:
    • 0.50% if there are less than 12 months remaining to pay the loan.
    • 1% in all other cases.

Until when can it be taken out?

Offer valid until the 06/30/2019 subject to previous approval of BANK BILBAO VIZCAYA ARGENTARIA, S‌.‌A.

Exampe for customers that have a salary or pension paid into their account and income above €1,000 a month in the case of one title holder, or more than €1,500 a month in the case of two title holders:

With a salary or pension paid into your account
New car Used car
NIR 5.95% 7.20%
APR 6.84% 8.67%
Amount of the loan €20,544 €7,584
Term 96 months 60 months
Monthly fee 269.48€ €150.89
Start-up fee on the amount lent
€472.51 €174.43
Total amount payable
26,399.92€ €9,263.74

The APR was calculated taking into account postage expenses: €0.60 monthly.

Without direct payment of salary or pension
New car Used car
NIR 6.95% 8.20%
APR 7.92% 9.77%
Amount of the loan €20,544 €7,584
Term 96 months 60 months
Monthly fee 279.58€ 154.50€
Start-up fee on the amount lent
€472.51 €174.43
Total amount payable
27,369.82€ 9,480.6€

The APR was calculated taking into account postage expenses: €0.60 monthly.

We want you to achieve your goals easily, and that's why give you the answers you need:

Applying for a loan is very easy 

  • Calculate your payments using our calculator. 
  • Fill in the application form. 
  • Once we receive the form, we will contact you to request some additional information. 
  • We will use all of this information to analyze the transaction. If all the information is correct and BBVA approves the loan then all you have to do is sign. 
  • And you can receive your loan 24 hours after you sign. 

How long does it take to get a loan? 

Once we receive your application form (assuming BBVA has approved your loan), it will take approximately 2 weeks before you can get your loan, depending on how quickly the documents are obtained and how soon appointments can be scheduled with your adviser.

  • 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.
  • In the event of delays in the monthly repayment, the corresponding late payment fees will be applied. Non-payment may cause serious consequences (such as forced sale) and hinder the acquisition of a credit.
  • For reasons of caution and liability in the granting of loans, the bank may request the operation to be arranged before a notary.
  • You are entitled to withdraw from the loan agreement within 14 calendar days from entering into the contract, at no extra cost. 
  • If want find out more about this product, can consult the next document generic with information pre-contractual and an example: Download document in pdf

Glossary

  • 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.