BBVA Personal Banking Premium Loan

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BBVA Personal Banking Premium Loan

Find the solution to your needs with preferential conditions. With the Premium Loan you can have an amount of up to € 75,000, which allows you to maintain your investments and plan your savings.

  • Interest rate from 6.95% TIN (APR from 7.39% to 13.47%).

  • Up to € 75,000 and up to 10 years.

  • Possibility of making early repayments.

Requirements:

  • Have a BBVA account associated with the loan , whose holders must match those of the loan.
  • If you do not have any account opened in BBVA, you can open one. Ask us about the accounts we have available and their conditions.
  • Your BBVA Manager will inform you about the documentation that you must present. BBVA must authorize the granting of the loan. The processing is very fast and we will pay you the money requested in your associated account.

Type of interest:

  • Fixed interest rate throughout the life of the loan. 6.95% TIN (APR from 7.39% to 13.47%).
  • Payment of the monthly fee on the last day of each month. It can be monthly, quarterly or half-yearly.

Amount:

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

Term:

  • The minimum term to repay the loan is 12 months and the maximum term of 10 years.

Commissions:

  • No study commission.
  • Opening commission: 0.90% on the contracted amount (minimum 90 €)
  • Commissions for partial or total cancellation:
    • 0.50% if there are less than 12 months to pay the loan.
    • 1.00% if more than 12 months remain.

How long can it be hired?

Offer valid until 03/31/2018.

  TIN 6.95% (TAE 7.58%)
Loan amount € 10,000
Term 5 years
Opening commission 2.30% € 90
Total € 11,956.57
Monthly fee € 197.78
  • You must use the financing in a responsible way to be able to face the fees and thus avoid possible surcharges in the form of commissions or interests.
  • In case of delays in the monthly payment of the fee, the corresponding interest for late payment will be applied. Failure to make the payments could lead to serious consequences (for example, forced sale) and make it difficult to obtain a loan.
  • Before signing the contract, you will receive the standardized European information on consumer credit.
  • Due to criteria of prudence and responsibility in granting loans , the bank may request intervention of the operation before a notary.
  • You have the right to withdraw from the loan contract during the term of 14 calendar days following the conclusion of the contract, at no additional cost.

 

Glossary

  • Annual Equivalent Rate (APR): interest rate that indicates the cost or effective yield of a financial product. The APR is calculated according to a standardized mathematical formula that takes into account the nominal interest rate of the operation, the frequency of payments (monthly, quarterly, etc.), bank fees and some operating expenses.
  • Nominal Interest Rate (NIT): is a fixed percentage that is applied to the amount borrowed and that determines the fee to be paid to the financial institution.

 

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What role CIRBE plays in applying for a loan

What role CIRBE plays in applying for a loan

The CIRBE provides information to the bank about the outstanding debts of the loan applicant

The financing you need, quickly and easily, with BBVA loans Calculate your loan

We have finally found the house of our dreams and now it’s time to seek funding . But how do we know that the bank is going to grant us the mortgage? The entities that offer loans and credits value a series of aspects that help them decide if it is safe to lend us money and what amount is the maximum to which we can opt. In this decision come into play the income, guarantees and, very importantly, the debts that we have acquired. The latter is what CIRBE collects.

Solicitud CIRBE Banco de España - BBVA

The Risk Information Center of the Bank of Spain (hence the acronym CIRBE), is a record that contains the vast majority of loans, credits and guarantees that the country’s banks maintain with their clients. In other words, it is a database that collects all outstanding debts that a client or guarantor keeps, provided that they are for a value greater than € 9,000. It is, therefore, a very important tool when it comes to helping the bank decide whether to grant a loan or not, based on our solvency.

It is important to point out that the CIRBE is not a list of defaulters , since it not only collects the debtors who have fallen behind in the payment of their installments, but all the holders and guarantors of loans, credits, mortgages and other risks that the banks maintain with your customers. However, in this database it is recorded if there is any significant data of delinquency.

Traveling, making a reform or expanding your studies is easier with BBVA’s online loans: more information

How does CIRBE work?

This database is updated on a monthly basis. It is the banking entities themselves that are obliged to provide all the necessary information so that the registry is a source of secure information, of a public nature, but of private consultation.

This means that anyone has the right to consult for free and through a request, the information that the Bank of Spain has of their personal debts. In the same way, at the moment we request a loan from our bank, it has the right to consult the data related to our debts within the CIRBE, without having to have the explicit consent of the client, but always informing him that it is going to make this query.

However, there are limitations to the data that the bank obtains from a client. The CIRBE only gives global information, according to the Bank of Spain, of the risks of a person or company. This means that the bank will not handle a detailed list of each and every one of our debts, but of the global position of these.

In fact, it is one of the first actions that a bank carries out when we request the concession of, for example, a mortgage. Because beyond the stability of our employment, our ability to pay and the guarantees that we present, the risk we carry as customers is largely determined by the debts we have already incurred. Hence the importance that CIRBE has for the granting of any loan, since it can play both for us and against it.

 

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How ICO loans work

How ICO loans work

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Financing for self-employed and companies with a competitive interest and a term of up to 20 years

The financing you need, quickly and easily, with BBVA loans Calculate your loan

The functioning of ICO loans does not differ too much from the ‘traditional’ loans granted by banks. However, unlike these, this form of financing involves three parts: the Official Credit Institute, the credit institution and the applicant, which can be an SME, self-employed or even a public body.

On the one hand, it is the ICO that lends the money and sets the conditions to access it; meanwhile, the credit institution analyzes the viability of the loan, manages the borrowed money and assumes the risk in case of default of the client. Thus, as in any other loan, it is the recipient of the money that has to return it within the stipulated time frame, together with the associated interest.

Préstamos ICO - BBVA

It is, in short, a mediation system for SMEs and self-employed people to access a series of financing lines, each with its own characteristics. Currently there are five of these lines:

  • ICO Companies and Entrepreneurs : mainly aimed at self-employed workers and companies that need liquidity or want to make productive investments within Spanish territory. This line also includes financing for public bodies and for communities of owners.
  • ICO Guarantees SGR / SAECA : a line aimed at freelancers, companies and public or private entities that have the endorsement of a Reciprocal Guarantee Company or of the State Corporation of Agricultural Insurance.
  • ICO Commercial Credit : designed for freelancers and companies that need access to liquidity through the advance payment of bills that are pending collection.
  • ICO Exporters : focused on self-employed and companies that need access to liquidity through the advance payment of invoices from export activities or to finance the previous production costs of their goods or services destined for the foreign market.
  • ICO International : has two tranches, one for self-employed, companies and public or private entities that need investment or liquidity; another for Spanish or foreign companies that want to finance the purchase / sale of goods or services.

These financing tools are intended to encourage the creation of companies for their development both within Spain and abroad. Thus, some examples of fundable concepts contemplated by the ICO are:

  • The acquisition of cars whose cost does not exceed € 30,000.
  • Facilitate up to 100% liquidity for current expenses.
  • Anticipate the payment of bills due at no more than 180 days.
  • Acquisition of companies.
  • Creation of companies abroad.
  • To cover costs of production and elaboration of goods or services to export.

Traveling, making a reform or expanding your studies is easier with BBVA’s online loans: more information

Financing limits and conditions of ICO loans

The maximum financing that can be chosen and its refund conditions vary depending on the chosen line. As a general rule, the maximum capital granted by the ICO amounts to € 12.5 million and has a maximum repayment period of 20 years. However, most of the loans that are granted do not exceed € 25,000 and are destined for SME and micro-SME projects.

As for the interest associated with the loan, it may have a fixed rate, with a biweekly, or variable rate: comprising a 6-month Euribor plus a spread.

  • In one-year loans will add up to 2.3%.
  • In loans of two to three years a 4% is added.
  • In loans of 4 years and up , 4.3% is added.

ICO loans do not have opening or study fees, but a cancellation fee in case of early repayment.

This amortization can be from 1 to 10 years, 12, 15 or 20 with up to 2 years of grace if investment or investment and liquidity are financed. And from 1 to 4 years with up to 1 deficiency if only liquidity is financed.

How to apply for an ICO loan

To apply for an ICO loan, the interested party must go to one of the offices of the credit entities associated with this financing system, among which is BBVA, and present a proposal that should focus, mainly, on these two keys:

  • Who requests the financing and why do you need it?
  • Payment capacity, asset solvency and additional guarantees, among which is the guarantor. This, like in any other money application, is one of the most important parts in order to get financing.

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Do you need more time to pay your loan fast? Delays your expiration date

Do you need more time to pay your loan fast? Delays your expiration date

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Keep in mind that you must pay the extension of your selected online credit before the expiration deadline. Once the extension has been made, we will notify you via SMS to the mobile phone that you have given us.

The amount to be paid in case of extension of the term, will depend on the amount of the loan instantly requested.

If you have suffered an unforeseen event that prevents you from paying your online credit on the agreed date, we give you the possibility to postpone the due date for 7, 14 or 30 days by making a lower payment.

To delay the payment date, you must access your customer area and use the calculator to check the associated costs. Once you have it clear, you can make the payment in two ways:

1 By debit card (except Rural Housing)

All you have to do is call our Customer Service Department on the phone at 91 290 77 88
Remember that the hours of operation are from Monday to Sunday from 8:00 a.m. to 10:00 p.m. , national holidays from 9:00 a.m. to 2:00 p.m.

2 By bank transfer or deposit account

To make a bank transfer it is important that you specify in the beneficiary 4Finance Spain Financial Services, SAU and in the concept write your loan number or your ID / NIE
You can use any of the following bank accounts:

Keep in mind that you must pay the credit extension at the moment selected before the expiration deadline. Once the extension has been made, you will receive a notification via SMS to the mobile phone that you have provided to us.

The amount to be paid in case of extension of the term, will depend on the amount of the chosen online loan.

Customer area

  • How to extend the loan amount?
  • How to pay the loan?
  • How to extend the term of repayment of the loan?
  • Why choose Vivus?
  • Solicit responsibly

Need help? We solve all your doubts! Check the Frequently asked questions Office hours: Monday – Friday / 8:00 – 21:00 Monday – Friday / 8:00 – 21:00 Saturday / 9:00 – 20:00 Sunday / 9:00 AM – 7:00 PM National holidays / 9:00 – 14:00 Check the Frequently asked questions info@vivus.es 91 290 77 88 © 4Finance Spain Financial Services, SAU, a company of Spanish nationality, belonging to 4Finance Group

 

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How to apply for a quick loan

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How to apply for a quick loan

Apply for an interest-free online loan with Vivus is easy, simple and 100% secure

Apply for your Quick Credit

Get your credit instantly is very easy, you only need three requirements:

  • Be Spanish or have a residence card
  • Be 21 years old or older
  • Be the holder of a bank account in Spain

Verify your identity

We use the best and safest tools to protect your data:

  • Choose your bank
  • identify yourself

You already have your mini-credit

Manage your credit online in your customer area easily and simply:

  • Expand the term of your quick loan
  • Extend the quantity requested
  • Program the payment automatically

More than 600,000 credits approved in Spain

  • First loan, for the contracted and for the opinions read for free, without interest. Excellent. And the entrance into account on a Saturday, totally unusual, and magnificent. Surely when I need it again I will ask for another or other credits. Thank you very much, they have been of great help to me.
  • For my vivus is the first website of loan with good security, simple and fast. Very generous for not charging more than the bill, well just a little, but for me one of the best
  • In my case I have nothing wrong to say. If not the opposite. It’s fabulous. I had a hard time and I was solved very quickly. I recommend it to everyone. Thank you.
  • Congratulations for the efforts since with respect to me they did it quickly, which must be valued a lot, for the moment to thank them and to continue that way with the same speed with the new clients that join your company. regards
  • The attention to the public is fantastic. something to improve that instead of 30 days could be extended to 60 without interest. For the rest, thank you very much for trusting us your customers. Receive a cordial greeting from.
  • I do not conceive how they could improve. I have requested a micro loan with you. And everything has been very agile. The only doubt I have is how I have to return it. And, of course, I would recommend you.
  • Simply efficient and pragmatic, it is how life should be, use the current means to convert an economic activity into a service of the most advanced, hopefully everything could become facts and leave behind the paperwork bureaucracy … congratulations
  • The truth is that it is very easy to fill out the request and the attention given through customer service is excellent. I have had the money very fast and for now I am very happy with the company.

Opinions of our customers on eKomi.es

These are the reasons to request an interest-free loan with Vivus

Security

We use the most advanced data encryption tools to ensure your privacy

Flexibility

Delays the payment of your loan fast, increases the amount requested or pays in advance whenever you want

Transparency

Know from the first moment what is the amount to pay. Our interests are among the lowest in the market

Trust

With the confidence and security of belonging to the leading financial group in Europe: 4finance

Do you want your first loan now?

Get your first € 300 without interest or commissions, and return them in 30 days

Apply for your credit now 4Finance Spain Financial Services, SAU, a company of Spanish nationality, with registered office in Madrid, Genoa 27, 2nd Floor, and Tax Identification Number (NIF) A86521309, constituted in a public deed dated June 19, 2012 granted to the Notary of Vigo Mr. Jose María Rueda Pérez with number 999 of his protocol, is registered in the Mercantile Registry of Madrid, in volume 30.268, folio 46, section 8, page M-544.749, Inscription 1ª.

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The first plenary session without tripartite government approves the fourth loan modification of 2017

The first plenary session without tripartite government approves the fourth loan modification of 2017

Ayuntamiento de Alicante en imagen de archivo City Council of Alicante in Europa Press file image

The full City Council of Alicante has decided to take forward the fourth modification of credits amounting to 487,731 euros that will be allocated to the investments of participatory budgets and the budgets of district boards. The only point of this extraordinary session of the municipal plenary session has gone ahead with the votes in favor of PSPV, Compromís, Guanyar -which are no longer government partners- and Citizens; the abstention of the PP and the non-attached mayor, Fernando Sepulcre, and the vote against the also not attached Nerea Belmonte.

The spokesman of the municipal group of Compromís, Natxo Bellido, who until a few days ago was also spokesman of the government team, announced in the turn of words prior to the vote that they would support the point, and considered that “this is not the plenary where to ask for resignations “, in reference to the request to cease the mayor, the socialist Gabriel Echávarri, for the legal cases in which he is immersed, but he has defended the need to” do self-criticism “, because in his opinion” November is very late to address these issues “related to budgets.

For its part, the spokesperson for Citizens, Yaneth Giraldo, along the same lines as Bellido, has considered that the fourth credit modification “45 days after the end of the year” is being made to distribute funds among district boards, and has demanded to the mayor of Finance, Sofía Morales, “that is not shied away in the adjustment plan or in Montoro”, something that has been labeled as a “hackneyed argument”.

For his part, the spokesman for Guanyar, Miguel Angel Pavón, has also advanced in the turn of speech that his group would issue a vote in favor of the modification of credits since “they incorporate part of the money necessary for the actions selected by the citizen representatives of the five districts. “

Pavón, who has referred to the situation of the mayor and asked him to resign “so that the City regains the lost dignity”, pointed out that the previous tripartite government team, of which he was a part, “managed to increase the budget of the district councils “and criticized the head of the Treasury that” the opportunity to include a salary supplement for young people “has been” wasted “within the Avalem Joves Plus program of the Generalitat.

Likewise, Pavón has criticized that, after the departure of his group and that of Compromís as a result of the refusal of Echávarri to resign for the cause related to the splitting of Commercial contracts and the other of the presumably irregular dismissal of a municipal employee sister-in-law of the spokesman of the PP, “in this government in absolute minority that we suffer do not know if they will have time for this supplement and other skills,” he asserted.

However, the leader of Guanyar Alacant has assured that “for the responsibility and respect to the neighbors who have approved these investments” of the participatory budgets and the district boards “will vote in favor”, he pointed out.

Image result for tripartite government

“WELCOME TO THE OPPOSITION”

For his part, the spokesman of the Popular Party, Luis Barcala, said during his speech that Compromis and Guanyar “have been making opposition all this time, but now it is official”, so he said they are “welcome” to the opposition. Thus, regarding the modification of credits, Barcala has indicated that it is “the result of a disastrous management of the budgets of this extripartite” that, in his opinion, led to the approval of the “late” budgets.

Thus, the spokesman of the PP has considered that the point to approve in the plenary of this Thursday is “a toast to the sun”, as he has assured that “the district councils have been recognizing that they were sending” the projects to the Councilors and that in the areas “they were not valued”, he indicated.

For his part, Bellido has responded to the criticism of the opposite bloc and stressed that “it is not full to ask for resignations” but to talk about “what the public is interested in,” and in that sense he said that ” in two minutes of opposition we have made more proposals than you throughout the legislature. “

In addition, he has asserted that in Compromis they make “self-criticism with courage” and in this regard he trusts that the PSOE and Guanyar “do the same”, while he has told Barcala that “it is not an alternative” and urged him to make a motion of censorship or “shut up,” he pointed.

Guanyar’s spokesman has also responded to the leader of the PP saying that they are “defending the general interest of citizens, in government and in opposition,” in this regard has indicated that they do not know “what interests serve other groups”, and in response to Barcala asked him if he “remembers what happened with the investments” when he was part of the previous governments of the PP, because in the opinion of Pavón, at that time “did not run.”

Finally, the non-attached mayors have each voted in a sense. Nerea Belmonte, former Guanyar Alacant, has considered that “it can be said that it is harmful” that the point of the agenda does not prosper, but “it is more damaging that the mayor does not resign”, as he has justified his particular vote. For his part, former Citizen Fernando Sepulcre has said he would support the point but has been “missed by the bench before him,” and has asserted that “this is still a chaos.”

 

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Online Pre-Authorized Loan

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Online Pre-Authorized Loan

If you are a BBVA customer, we offer you a personalized loan so that you can get everything you want.

  • Flexible, simple and immediate contracting.

  • Enter the amount, choose the term, installments … and that’s it!

  • Available at bbva.es, BBVA App or ATM network.

Order it now

  • characteristics
  • How to apply for a loan
  • Did you know…

Interest rate and bonuses:

  • The TIN and the TAE of the loan are personalized according to your relationship with the bank and we will show them on the contract screen.
  • Payment of the monthly fee: the last working day of each month, in the account you have chosen in the hiring process. The first installment corresponds to interest from the day of the loan contract until the last working day of the same month (if both do not coincide).
  • You can get a 1% reduction on the initial interest rate of the loan if you meet one of the following requirements:
    • Maintain a monthly payroll of at least € 600 at BBVA, or
    • Monthly pension of at least € 300, or
    • Unemployment benefit.
  • Loan subject to approval by BBVA.

The bonus will be applied to each monthly contribution. Every six months we will check whether or not you meet the requirement to obtain the bonus. However, whether you decide to obtain the bonus or not, we will keep the conditions bonus during the first 3 installments of the loan.

Amount and term:

  • The minimum you can request is € 1,500.
  • The maximum amount and the term are assigned individually to each client and you can check it on the hiring screen.
  • Concession subject to approval by BBVA.

 

commissions

  • No study commission.
  • Opening commission: You can check it on the hiring screen.
  • Commissions of partial or total cancellation: you can cancel all or part of the loan before the end of the term. You can write off as many installments as you wish and the remaining amount you choose between lowering the monthly installment or reducing the term. The commission depends on the moment you do it:
  • 0.50% if at the time of cancellation the term pending payment until the end of the life of the loan does not exceed 12 months.
  • 1% if more than 12 months remain.

You can choose to apply the amount to:

  • Reduce the term of the loan by keeping the amount of the installments.
  • Reduce the amount by maintaining the term.

 

Glossary

  • Annual Equivalent Rate (APR): Indicator of the cost or effective yield of a financial product. The APR is calculated according to a standardized mathematical formula that takes into account the nominal interest rate of the operation, the frequency of payments (monthly, quarterly, etc.), bank fees and some operating expenses.
  • Nominal Interest Rate (NIT): is a fixed percentage that is applied to the amount borrowed and that determines the fee to be paid to the financial institution.
  • Opening Commission: is the amount that we charge for the steps taken by BBVA to grant the loan and put the loan at your disposal.

We want you to meet your goals easily, so we give you the answers you need:

Applying for a loan is very simple

  • At BBVA, based on data analysis, we are able for some of our clients to offer a pre-agreed loan for an amount and a personalized interest rate.
  • The first step is to access the private area of ​​BBVA with your keys and calculate the loan fee with our simulator with the amount and term you want.
  • And in the event that the requested amount is less than the amount you have pre-granted, you will only have to sign the transaction online with the digital key and you will immediately have the requested amount credited to your account.
  • Without paperwork or additional steps in minutes you will have the money in your BBVA account.
  • You must use the financing in a responsible way to be able to face the fees and thus avoid possible surcharges in the form of commissions or interests.
  • In case of delays in the monthly payment of the fee, the corresponding interest for late payment will be applied. Failure to make the payments could lead to serious consequences (for example, forced sale) and make it difficult to obtain a loan.
  • Before signing the contract, you will receive the standardized European information on consumer credit.
  • Due to criteria of prudence and responsibility in granting loans , the bank may request intervention of the operation before a notary.
  • You have the right to withdraw from the loan contract during the term of 14 calendar days following the conclusion of

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How the scoring influences the granting of a loan

How the scoring influences the granting of a loan

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Scoring is a system with which entities determine which customers are safest to lend them money

The financing you need, quickly and easily, with BBVA loans Calculate your loan

Behind every loan granted or denied there is a valuation process in which the bank has studied our profile as a customer, that is, our ability to repay the money that will be lent to us. This process is far from capricious and attends to the valuation of numerous parameters that make the client a better or worse payer; determines, therefore, the risk of default that the banking entity will assume when granting this loan.

Thus, to know what is the risk involved in lending money to a specific client, most banks in Spain use scoring, a system that measures a series of objective parameters and gives each person a score that helps the bank decide if grants or not the loan and, in some cases, also determines the interest rate associated with that loan.

Therefore, as a client you are interested in knowing what is sought in a ‘good payer’ and how this valuation system works .

What is scoring based on?

Scoring is a system that relies on statistics to try to determine our ability to pay based on our personal and financial data and, very importantly, based on the payment history of clients with a profile similar to ours. And what data are in which the scoring is fixed? Let’s point out the most common:

  • Level of income
  • Assets owned: real estate, vehicles.
  • Linkage with the bank and contracted financial products.
  • Stability of employment: seniority, type of contract, etc.
  • Profession.
  • Amount borrowed in relation to monthly income.
  • History of loans and payments.
  • Marital status and children.
  • Age.

For example , when we apply for a loan of € 10,000 to our bank, it is usual for it to use the scoring system to check how other clients with a profile similar to ours (income, assets, employment, etc.) have responded to that loan. In this way, the bank can know in advance what has happened in loans involving amounts of money and customer profiles similar to our case.

Of course, each client is a unique case, which is why in the scoring the payment history we have is also very important. If we are up to date with our debts and every time we have requested a loan, we have returned it without any type of incident, this will have a favorable effect on our scoring; On the contrary, if we have a history full of delays and we still have outstanding debts, this will work against us.

In any case, the result of the scoring that associates us as clients only determines the probability that we will repay the loan, so this score is one more element of decision that the bank can use to grant us the loan or not.

Therefore, based on our score , the entity can grant us the loan, deny it or, in some cases, ask for more payment guarantees and increase the access requirements to that loan. And this is where the negotiation of the loan comes in, because if the bank is not very clear about our capacity to repay the amount of money that we are requesting, it can demand that we present a guarantor who will answer for us in case of non-payment; In addition, in profiles with a not too good scoring, the interest associated with the loan is usually higher (remember, more interests the more risk).

Traveling, making a reform or expanding your studies is easier with BBVA’s online loans: more information

What can you do to have a good scoring?

Getting a good scoring is not something that is achieved overnight. Beyond the employment and the income that we have, in order to improve our scoring score it is fundamental to be rigorous with the payments and to show a client history as serious as possible.

Needless to say, if we are included in a file of defaulters , our scoring will score very low and we will have a hard time accessing a loan.

Finally, it is important to emphasize that our score in the scoring system will not automatically grant or deny the credit, but it will be a weight factor that the bank will weigh when it comes to giving us that money or not.

 

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How to extend the term of your loan?

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How to extend the term of your loan.

Nowadays, it is very common to use small loans and credits to deal with unforeseen events that arise on a daily basis, or simply with the aim of being able to enjoy a specific offer or discount.

Maybe you’re interested in reading | Microloans: The reason for the identification process

If this is your case, and you have ever asked for a quick microloan, you will understand how important it is to keep in mind the day of the repayment of your loan. In Vivus, loans of between 50 and 900 € can be requested with a maximum term of up to 30 days for their return.

 

But what happens if my loan expires and I do not have the money to pay it back? In Vivus we give you solutions, and that’s why we offer you the term extensions.

What are the term extensions of a loan?

Term extensions are a resource that Vivus puts at your disposal so that you can extend the term of your credit return , and in this way, do not be penalized if you can not pay your loan on the due date.

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Example 1: € 300 loan with an extension for 30 more days

 

How do the term extensions of a loan work?

Term Extensions can be done for 7, 14 or 30 days. Which means, that you can postpone your loan repayment date by 7, 14 or 30 days , counting from the loan due date.

Maybe you’re interested in reading | What is an extension and why should I hire it?

It is very simple, if you have an open loan, whose end date is May 10, and you want to extend the term by 7 days, you will have to repay your loan on May 17, because this will be your new due date. And most importantly, it does not matter what day you ask for the extension of the term, since it always starts counting from the day your loan expires.

When to use the Term Extensions of a loan?

From Vivus we recommend responsible use of microloans, and we advise you to ask for a quick loan only when you are sure you can return the borrowed money. However, sometimes it can happen that some mistake or unforeseen, prevents us from facing the payment of the loan on the agreed day. It is then the right time to request an extension.

In this way, you extend the date of repayment of your loan and avoid incurring penalties that will cost you more expensive.

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Example 2: € 500 loan with an extension for 14 more days

 

How do I apply for an Extension of a loan?

If you want to extend the term of your loan, the first thing you should do is get in touch with us . For this you have the following options:

  1. You can access your user profile from our website vivus.es, where you will find a link to extend your credit.
  2. Simply by calling our Customer Service Department at 91-290-77-88 indicating that you wish to use an extension.

In order to extend your due date, you must make a payment that depends both on the number of days of the extension (7, 14 or 30) and the amount of your loan . Both on our website and via telephone, we will inform you without any commitment of the amount established for the extension of your loan.

Maybe you’re interested in reading | I have been denied a loan, what can be the reasons?

This payment must be made at the moment, and to do this, you can do it by card, bank transfer, deposit account, cashier or through your user profile on our website. Here we give you more information on how to pay for term extensions

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The City Council signs a loan of 31 million to invest in neighborhoods, schools, cleaning and parks

The City Council signs a loan of 31 million to invest in neighborhoods, schools, cleaning and parks

  • The delegate of Finance and Public Administration in the City of Seville, Joaquín Castillo (PSOE), has signed the credit operation provided in the budgets of 2018 that allocates 31.3 million euros to investments for schools, public transport, cleaning, improvement of neighborhoods, parks and gardens or sports facilities in the capital.

El Ayuntamiento firma el crédito con Caja Rural del Sur y Bankia The City Council signs the loan with Caja Rural del Sur and Bankia AYTO DE SEVILLA

The transactions have been subscribed by Caja Rural del Sur for an amount of ten million euros at a fixed interest rate of 0.50 during the amortization period, and with Bankia for an amount of 21.3 million euros with a rate of fixed interest rate of 0.60, as reported by the Consistory in a press release.

This operation represents an average credit cost of 0.56 percent, an index that is well below current market rates and better conditions than those achieved in recent years by the country’s main administrations. In total, twelve proposals were received in the public tender that reached 217.7 million euros, compared to the 31.2 million euros that were requested.

The City Council’s general budget for 2018 links 31.2 million euros in investments to this credit operation following the same model that was already executed in 2017. In this sense, with the initialed operation, nine million euros are activated, among other measures. euros for investments in neighborhoods of the Planning Department, more than 800,000 euros for parks and gardens; 1.5 million euros in investments by Lipasam; or more than three million euros for schools and municipal buildings.

These resources, moreover, are not strictly linked to the end of the year, so the investments can be executed throughout this year and the next without it being necessary to re-enter them in the budget.

For his part, Castillo explained that “it is an important agreement that makes it possible to streamline operations of general interest for the city of Seville, contemplated and planned in budgets with the utmost rigor.” These are operations that facilitate investment in matters of public interest. maintaining the line of efficiency and budgetary stability that have allowed, for example, that the City Council of Seville was the first of the great consistories of the country to leave behind the crisis according to the competent fiscal authority “.

In this sense, Seville maintains with this operation a situation of “financial consolidation and balance, enhancing investments, as well as debt planning that places the city with one of the indexes of indebtedness per inhabitant of reference in the country and the lowest of the last decade. ” The year 2017 closed with a debt of 325 million euros, which meant a reduction of 80 million euros compared to June 2015, the beginning of the mandate.

The forecast for 2018, including the approved credit operation, is to close the year with a debt of 312.2 million euros, which will have reached a new reduction of 13 million euros. In 2008, the outstanding debt amounted to 420 million euros, a figure that was rising to reach its highest level in 2012 with 485 million euros. Since then, there has been a particularly pronounced decline in 2015 and 2016.

This situation of sanitation and the management carried out has allowed the Seville City Hall to be recognized by the Independent Tax Authority in the last report issued by this body under the Ministry of Finance for the adequate compliance with the expenditure rule, obtaining a surplus in the last two years and the level of indebtedness much lower than the limits established by the regulations.

“We have managed with an efficient management and with a rigorous work to make compatible the reduction of the indebtedness of Seville, that in these moments is very low, with the development of formulas that allow the execution of the necessary investments for the city”, has concluded the delegate .

 

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