The amount you can request ranges from 3,000 to 30,000 euros for any type of purpose, and the repayment or amortization period is between 12 and 60 months (5 years).
This type of payroll loan has an interest rate of 5.95% and an APR (Annual Equivalent Rate) of 7.88%. This low-interest rate is perfect if the repayment period is low since the amount that will be paid is very low.
This Payroll Loan of Bank of Popularize ize has an opening commission of 1%, and a commission for early repayment of 1% in the case that the remaining term is greater than one year, and 0.5% if there is less than one year remaining.
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If you have said you need urgent money, you can request a Popularize Payroll loan, applicants who are of legal age with residence in Spain are required, as well as domicile with the entity a monthly payroll of at least 600 euros.
To obtain the advantageous interest rates that we have mentioned as a requirement, we also find the contract to take out payment protection insurance. This insurance for a loan with the minimum amount and term (3,000 euros to 1 year), costs 46 euros.
In addition, with each additional linked product that you contract, a discount of 1% will be applied to the interest of the loan.
The Popularize Payroll Loan includes other advantages such as a free debit card, free transfers of up to 5,000 euros, payroll advances at 0% interest, and 0% administration and maintenance fees.
You can request financing through the Payroll Loan in any of the offices of the entity or online. The process is very fast, since having your personal data the bank does not require and therefore can be requested without endorsement.
However, keep in mind that if you are with Asnef or enrolled in any other delinquency list because you have unpaid debts, the bank will apply its risk policies and it will be more difficult to grant it.
When you go to request the payroll loan from Bank of Popularize ize, the following documentation will be required:
- Copy of the DNI and the last declaration of the Rent.
- Copy of the last 3 receipts of the payroll.
- The request for the original and signed CIRBE data.
- The original declaration of assets.