Loan amount
From
€3.000.
Interest rate
Floating interest rate base on Euribor 1M plus a fix spread.
Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%.
Loan term
From
6 to 240 months.
Loan approval fee
€100 deducted from the amount disbursed to you.
Disbursement
Immediately, in one single instalment.
Repayment
In monthly instalments that repay interest and capital together. Repayments must be made in the form of standing orders from your deposit account.
Early repayment option
You can repay all or part of the amount at any time at no cost.
Insurance options
The Payment Protection Plan comes as an option. This form of insurance coverage provides compensation for:
- Dismissal or temporary disability due to accident or illness, for full-time, private sector employees with a contract
- Hospital treatment and temporary disability due to accident or illness for freelance professionals, civil servants and part-time private sector employees with a contract
The compensation guarantees that:
- Your Personal Loan with Deposit or Investment Portfolio as Collateral instalments will continue to be paid as normal for a set period
- Your insurance coverage will apply for the remainder of the plan, if you opt to continue it, even though you have fully or partially repaid the loan
