Young Motor Loan
Purpose: Financing a new or second hand vehicle
Amount: Up to € 60,000
Term: Up to 8 years, as of the date of first enrolment, both for new as well as used vehicles.
Guarantee: Applicant’s staff
Nominal rate: 5.50%
Opening commission: 0 %
Study commission: 0 %
Granting subject to the Bank’s criteria.
AER calculated for a contract held on 26th March 2019.
Requisites: Payroll domiciliation and vehicle proforma invoice (or equivalent document of sale between private parties) and copy of its documentation where it records the date of first licencing.
Nominal rate: 5.50%. AER: 5.64% for loan principal equal to € 10,000 with a term of 3 years, with monthly interest liquidation and capital repayment, with a monthly instalment of € 302.04€ except the last instalment which is € 301.91. Opening commission: 0%. Study commission: 0%. Total amount owed: € 10,873.31. AER: 5.64% for loan principal equal to € 30,000 with a term of 5 years, with monthly interest liquidation and capital repayment, with a monthly instalment of € 573.19, except the last instalment which is € 573.44. Opening commission: 0%. Study commission: 0% . Total amount owed: € 34,391.65. Early cancellations or withdrawals will give rise to application of a Reimbursement Compensation of 1.00% of the early repayment of capital, if the period until maturity exceeds one year, or of 0.50% if it is less than or equal to one year.
You may subscribe the loan in a combined mode linked to a freely chosen insurance product based on your demands and needs, it not being obligatory to subscribe such insurance. You may consult Unicaja Banco, S.A. for any information regarding the difference between the joint and separate offer of the products to which this subscription refers.
Life Insurance Linked to loan taken by Unicorp Vida Compañía de Seguros, through Unimediación, S.L., related Banking Insurance Operator, registered on the Special Administrative Register of Insurance Mediators, Reinsurance Brokers and their top management, of the Directorate General of Insurance and Pension Funds (inscription number OV-0010), acting through the Distribution Network of Unicaja Banco, S.A. Civil Liability Insurance subscribed pursuant to Act 26/2006 of 17th July. It has financial capacity pursuant to the legislation in force. You may consult the insurance companies with which Unimediación S.L. has subscribed an agency agreement at www.unicajabanco.es/seguros.