ECO mobility loan

1. Financing operations subject to prior approval by the Bank.
In compliance with current European legislation, the European Standardised Loan Information (ESI) sheet is available at your branch.

2. Condition to be fulfilled: have the payroll or pension domiciled in Santander for an amount greater than €700. Annually, it will be reviewed if this condition is met, thus ending the rate to be applied and adding 1% to the annual nominal interest rate if it is not met.

3. Examples of calculation for a loan of €12,000 to a term of 7 years, with an opening commission of 1.5% financed, formalized the last day of the month and carried out using the French amortization system. The APR will vary according to the repayment term chosen, due to the collection of a percentage opening fee.
Meets the payroll condition: TIN 5.75%, APR 6.38%, monthly installment €176.48. Total amount due from 14,824.32 euros, which includes the requested amount (€12,000), commissions (180 €) and interest (€2,644.32).
Does not meet the payroll condition: TIN 5.75% the first year and 6.75% from the second. APR 7.15%. Monthly fee on first year €176.48. From month 13 it would be €181.56. Total amount due: €15,190.08, which includes the requested amount (€12,000), commissions (180 €) and interest (€3,010.08).

If the operation is signed on a day other than the last day of the month, a first installment of interest corresponding to the days elapsed between the day of signing and the last day of the month will be settled.