Auto Loan

The favorite car is not dreamed of, it is driven!

500.000 Lei

Maximum lending period

5 years

Maximum lending period

Maximum lending ceiling and currency: 500,000 lei;
Loan period: maximum 5 years;
Purchase of new electric, hybrid and gasoline-powered cars, both domestically produced and imported, sold in the country by authorized manufacturers/dealers. Vehicles designed and built for the transport of people, with a maximum of 8 seats in addition to the driver's seat, are financed. Important: cars that use diesel fuel are excluded from financing;
The minimum income required is 2000 RON;
The minimum age is 21 years;
Advance: Minimum 30% (the loan covers a maximum of 70% of the car's value) of the invoice/proforma invoice/contract value;
Several types of income can be considered: salary, dividends, rent, etc.
Interest type: fixed.

The AUTO loan is conditioned by:

The establishment and registration in the National Register of Property and Land Registry of one or more movable mortgages on current accounts and receivables (if applicable: dividends, rents);
Establishment and registration with the National Register of Property Owners of a movable mortgage on the car purchased on credit;
Assignment of rights resulting from the CASCO car insurance policy, if the compensation rights are assigned in favor of the Bank.

House Insurance required (see details here)

You enjoy a series of benefits if you want a CAR Loan through BBVA Guarantees:

You get the money quickly, without income documentation, if you are an employee and your income is reported to ANAF.
It is a financing tool that helps you purchase a car without having to pay the full amount upfront;
Flexibility: it is a simple process, in which you can choose the duration of the loan, the amount financed;
Personalized consulting by offering support from advisors specialized in lending solutions;
You benefit from preferential interest rates according to the table below, as follows:

Currency	Interest type	FIXED interest rate	File analysis commission	Monthly management fee
RON	Fixă	11.40%	500	50

Example of calculation:

The Annual Effective Interest Rate (AER) is 14.85%/year, for a personal loan of 50,000 Lei over a period of 60 months with repayment in equal installments. The interest rate is 11.40%/year, fixed, the analysis fee is 500 Lei, and the monthly administration fee is 50 Lei. The monthly installment amount is 1,147.12 Lei, and the total amount payable is 69,458.71 Lei.

Aspects that we ask you to consider:

Obtaining the loan is conditional on the establishment and registration with AEGRM of one or more mortgages on current accounts and, where applicable, on receivables (dividends, rents)
Your income may vary. Please make sure you will be able to make your monthly payments, even if your income decreases.
The minimum eligible income must be at least equal to the minimum wage in the economy.
Several types of income can be considered: salary, dividends, rent, etc.