Commitment fee on the amount borrowed (0%): €0. Total debited amount: €12,949.24.Įxample without a paycheck or pension direct deposited at BBVA for a €10,000 loan over 96 months (8 years). To a fixed 7.55% NIR ( 7.98% APR) with a paycheck or pension not direct deposited with BBVA.Įxample with a paycheck or pension direct deposited at BBVA for a €10,000 loan over 96 months (8 years).From 6.55% NIR ( 6.92% APR) with a paycheck or pension direct deposited with BBVA.Terms and Conditions for customers of the Coche Online Personal Loan for vehicles under 3 years old: Financing subject to approval from Banco Bilbao Vizcaya Argentaria, S.A. Total debited amount: €14,039.50.Ĭalculations based on loan being signed on the last day of the month. Total debited amount: €13,548.84.Įxample without a paycheck or pension direct deposited at BBVA for a €10,000 loan over 96 months (8 years). Total or partial early repayment fee on the unpaid amount: 0.50% if the outstanding payment period is under 12 months, and 1% otherwise.Įxample with a paycheck or pension direct deposited at BBVA for a €10,000 loan over 96 months (8 years).Payment of the monthly installment: the last day of each month. To a fixed 8.80% NIR ( 9.33% APR) with a paycheck or pension not direct deposited with BBVA.From a fixed 7.80% NIR ( 8.25% APR) with a paycheck or pension direct deposited with BBVA.Terms and Conditions for customers of the Coche Online Loan for vehicles over 3 years old: It only provides information for that specific example. Remember that the information provided by the simulation does not constitute an offer. When comparing the financing example of a competitor with our financing example, be sure that in both calculations the same type of financing (fixed monthly payment or final installment loan) is selected.You can also calculate the monthly payment and the interest on the loan, and get information on the NIR and APR interest rates and the fees in order to find out the total amount you would owe. The last installment (final installment) is therefore considerably higher than the previous installments. Only the difference between the loan amount and the final installment is repaid continuously and equally. The final installment is deferred until the end of the loan term. The final installment loan is different from the fixed monthly payment loan in that the loan amount is not paid completely back. The most important aspect of a fixed monthly payment loan is the monthly payment, which remains unchanged over the entire loan term. Our loan calculator allows you to calculate both “fixed monthly payment” and “final installment” loan. If you have asked for credit insurance and therefore received a financing offer that includes credit insurance, please send us your offer and we will calculate a financing offer that includes credit insurance as soon as possible.įIXED MONTHLY PAYMENT VS. Please note that the loan calculator does not take credit insurances into account. The parameters that are still different are vehicle price and interest rate. However, be sure that the parameters such as down payment, loan term and, if required, final installment are the same in both calculations. “Vehicle price including financing costs” helps you make a good decision when comparing two vehicles that are different only in price and interest rate. Don’t let yourself mislead by temptingly small interest rate offers on the market! Because in such cases, the vehicle price offered is often higher than the market value of the vehicle.
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