How does the BBVA Immediate Personal Loan work?
Read on to find out: how it works, fees, loan amounts, and more.
Advertisements
BBVA was founded in 1857 and is a bank that offers high-quality financial services. With over 1 million members, BBVA has become a great option for those seeking flexibility, benefits, and easier access to loans.
BBVA offers a variety of financial services such as investments, credit cards, insurance, bank accounts, loans, and much more.
In this post we'll talk a little more about this great lender's loan.
Advertisements
On the loan website
How does the loan work?
The BBVA Instant Personal Loan is an ideal type of loan for those who need money urgently.
This loan has attractive terms and a long repayment period. Plus, it has fixed rates, giving you more control over your monthly payments.
One of the great advantages of a BBVA loan is the possibility of taking out more than one loan, so if you need extra income to pay your bills or for some unexpected expense, this loan can cover your needs.
How much can I borrow from BBVA?
It is possible to request loans from $3,000 to $750,000 pesos.
About the loan
- CAT:8% CAT weighted average.
- Payment term: 6 to 72 months.
- Fixed annual interest rate: 75% to 39,95% excluding VAT.
- Opening fee: 5% + VAT.
How do I qualify for a BBVA personal loan?
Several factors can cause your application to be denied or approved. Each lender has its own requirements, but there are some basic requirements to increase your chances of approval. The main requirements are detailed below:
- Being a natural person;
- Be between 18 and 84 years of age;
- Have a good credit history and payment capacity;
- Have a deposit account or credit card with BBVA.
How to apply?
First, you will need to access the BBVA website, then you will need to fill out a form with the following information:
- Valid official identification;
- If you are a foreigner, you need to present your immigration form;
- Statement;
- Proof of income for the last month;
- Proof of address (electricity, water, landline telephone bill, or bank statement from any banking institution).
What can the BBVA Instant Personal Loan be used for?
The personal loan can be used for several purposes, here are some of them:
- Wedding expenses;
- Home improvements;
- Medical expenses;
- Consolidate debts;
- Buy a vehicle;
- Funeral expenses;
- Emergency expenses.
How long does it take to get approved by BBVA?
The approval process takes approximately 8 business hours.
Is the BBVA Instant Personal Loan right for you?
The BBVA Instant Personal Loan is suitable for people who need money urgently, with attractive and fixed interest rates. This loan offers a long repayment period and it is possible to request high amounts.
So, if you're looking for a loan like this, it's worth applying for.
Main benefits
- Fixed rate;
- Discounts at participating stores;
- Without guarantees;
- Hiring without bureaucracy;
- Payment terms that suit your budget;
- A loan that helps you with unexpected events and emergencies;
- 100% safe;
- Fixed, bi-weekly or monthly payments before VAT.
Is it worth applying for this loan?
Yes, if you're looking for an unsecured loan that offers a fixed interest rate and an excellent repayment term, the BBVA Instant Personal Loan is a great option for you.
Frequently Asked Questions:
How do I know if my BBVA loan was approved?
You can analyze it through your BBVA mobile phone, or through your email.
Can I have more than one Personal Loan?
Yes, depending on your ability to pay and credit history.
What is the Credit Bureau?
It is an institution that centralizes credit information from all lenders, and is used to check people's credit history.
\