This example will make it clearer
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EXAMPLE OF A LOAN WITH PAYCHECK OR PENSION DIRECT DEPOSITED
- Loan amount: €10,000.
- Commitment fee: $${openingFeeAmount} €.
- Repayment period: 8 years (96 months).
- Constant monthly payment: $${monthValueBon} €.
- Interest rate: $${tinBon}% NIR/$${taeBon}% APR.
- Total to repay: $${totalValueBon} €.
EXAMPLE OF A LOAN WITH NO PAYCHECK OR PENSION DIRECT DEPOSITED- Loan amount: €10,000.
- Commitment fee: $${openingFeeAmount} €.
- Repayment period: 8 years (96 months).
- Constant monthly payment: $${monthValueNoBon} €.
- Interest rate: $${tinNoBon}% NIR/$${taeNoBon}% APR.
- Total to repay: $${totalValueNoBon} €.
You can improve the interest rate
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To be eligible for a discount in the interest rate of the Energy Efficiency Loan, you only need to meet one of these conditions:
- Direct deposit a paycheck of at least €600.
- Direct deposit a pension of at least €300.
What projects can you finance?
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With this loan, you can make home renovations and purchase devices designed to save energy, helping you consume responsibly and reduce your carbon footprint:
- Lighting: Incorporation of LED technology.
- Heating and hot water: All condensation boilers are included, as are HVAC systems, provided that the latter are in one of the two highest energy efficiency categories.
- Control and automation: Lighting, HVAC, installation of motion detectors for lighting, and automatically turning installations on and off.
- Insulation: Improvements to the insulation of the building envelope (façades, roofs, etc.), adding to the existing insulation or installing windows with two or three panes.
- Household appliances: Purchase of large volume appliances (excluding microwave and small appliances); must be in one of the two highest energy efficiency categories.
- Mobility: Purchase of electric vehicles, plug-in hybrids, installation of charging points for electric vehicles, bicycles (with and without motors) and electric scooters.
- Solar panels: Installation of solar panels for self-supply.
How much money can I request?
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From a minimum of €3,000 up to a maximum of €75,000. If you need a smaller amount, you can apply for one of our credit cards.
How long do I have to pay it off?
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You can choose from a minimum period of 2 years up to a maximum period of 8 years, depending on the amount requested.
Find out about energy labeling
The classes with a discounted rate on the loan are the ones specified below
Your appliance or system must be in one of the two highest energy efficiency categories.
Sustainable tax deductions for the Annual Tax Return
If you are thinking about renovating your home, see what tax deductions are available for making your home more efficient.
Would you like more information?
The BBVA Energy Efficiency Loan has no commitment fee. However, if you decide to pay back all or part of your loan early, you will have to pay a 0.50% fee if there are less than 12 months left to repay it, and 1% if there are more than 12 months left.
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BBVA Energy Efficiency Loan
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