Is there a minimum lease amount?

Yes, the minimum amount is €3,000.

What if I request it and then don't need it?

You can withdraw from the loan within 14 calendar days after signing the contract. You also have to return the full amount as soon as possible (no later than 30 days), plus the interest accrued from the signing of the contract until the repayment date.

Equipment Leasing Next Generation Funds

2 to 10 year terms.
You can choose from a fixed or variable interest rate.
Grace period on capital of up to 3 years (during this time, you only pay interest).

How does it work?

A good alternative to buying

Leasing is a form of financing that gives you access to new machines, computers, etc., without a large initial outlay. The bank buys the equipment in question and rents it to you. At the end, you have the option to buy it if you are interested.

Supplement the subsidy

Leasing and Next Generation funds

We have designed the Next Generation Fund Equipment Leasing to supplement the subsidy you receive from the public funds. If you have been granted a sum for your project but you are interested in combining it with a lease to get equipment without having to buy it outright, this can be a good option.

Keep in mind that you have to see if the lease option is compatible with the project and the program being subsidized by the public funds you receive.

The price is customized

Interest rate

Before closing the interest rate on the loan, we will discuss with you the details of your project. Although the price is personalized, here is an example you can use as reference.

See example

Fees

There are 2 fees for you to keep in mind:

- Commitment fee: paid only once. Up to 3% of the total amount.

- Early payment fee: charged every time you make an extra payment to repay the loan early. Up to 5% of the extra payment.

You can choose between monthly, quarterly, half-yearly and annual payments.

What are the conditions?

Requirements
You only need:

Be self-employed or an SME.

An account at BBVA.

Be approved for a grant from the Next Generation funds that is compatible with a lease (this depends on the call and on each autonomous community).

Note that each case is studied separately and the financing is always subject to approval by the bank.