To the request a loan, the customer assumes that the financing owes entail a series of costs or interests through which must reply. This is the normal operation of a banking financing, although because of the wide variety of loans to which can access nowadays, the conditions derived from each differ enough between yes, even if the financing is without interests.
Actually, not is only the type of loan that requests, but also the related fees or the interest to the one which is subject to what we take into account. In this respect, BBVA has a wide range of possibilities of financing whose interests present in different formats and, sometimes, even suppose an interest rate of 0% for the borrower. BBVA offer, indeed, the next consumer loans:
Loans with financing subsidized or reduced
However, what models of financing offered by BBVA can achieve without pay interests? This question not can reply without earlier know the interest rates and the expenses to which subjects every loan. For that reason, is necessary that you familiarize as soon as possible with the terms NIR and APR.
The nominal interest rate, or NIR, is, in essence, the amount that the bank you are paid to providing you money. Nevertheless, this percentage not is enough to take a decision and compare among different loans, and not counts possible fees or expenses that entails the granting of the loan. Moreover, the NIR establishes of way atemporal, what wants to say that the figure with that represents not takes into account the time set with the banking organization for return the loan. For these and other reasons, is necessary to know also the equivalent annual rate, the APR.
The APR allows knowing the actual expense of a financing including the repayment period, the terms of contracting and all the types of fees and costs attached that fall on who requests the loan. Is for this reason that some models of financing of BBVA that explained previously, as the personal loans, of a car or the pre-approved ones, present approximate values of the NIR between 6 and 7 points, and between 7 and 8 points for the APR. However, also have reductions and bonuses that, without leave to zero the interests, yes that delete the appraisal fees or reduce the interests, proportionately, according to the repayment periods agreed or the amount requested.
There is really some loan with a total reduction of the interests?
In BBVA, of course, that yes, although for find financing solutions with a typical interest zero, we come to the advance of the salary of BBVA or to your financing of bills. This financing or loan does not have interests, but your APR not is of 0% since can take partner some fee.
Financing of bills without interests: BBVA offers a financing without interests during three months so that face the payment of up to four bills different than the year whose amounts fluctuate between the€300 and the€1000. Just owe pay a start-up fee of 2%.
Advance salary without interest: Not you have paid the salary still? BBVA you the moves forward without charge you no interest rate and only the start-up fee of 1.5%. The refund owes carry out it in a period that understands of three to six months and the amount maximum to anticipate be of 3,000 euros or the sum of three salaries.
Registration and Master’s degree Blue: BBVA frets for your academic background and you offer a financing for your studies without charges of coupon rate (NIR 0%). Until 60,000€ and with a term of refund of nine months. Has a start-up fee of 3% and of the appraisal fee of 0.50%.
In the case of the Master’s degree Blue, the maximum amount of financing ascends until the€75,000, which be able to return in until ten years of the term. In the first 24 months, the grace period for repayment of principal and is total. For the first six months, the interest is equivalent to the EURIBOR + 0%, ascending to the EURIBOR + 6% once completed that period.
Are you still not sure how much a BBVA will cost you?
Both the calculator and the loan comparison tool are available on the BBVA website. Whether you need a personal loan to buy a car or pay for your studies, these calculators will help you to discover the best way to obtain the money you need. It doesn’t matter if you’re already a BBVA customer or not, you can still find out the financing conditions, interest rate and repayment terms of the financing option that best suits you. Try the tools with whatever combinations you want to discover the benefits of financing your projects with BBVA.