Discounted Sustainable Loan

Incorporate sustainability into your day-to-day decisions and finance the procurement of goods and services.

Financing transactions subject to the Bank’s prior approval.

Pursuant to prevailing EU legislation, you have the European Standardised Information Sheet on loans available at your branch.

1. APR calculated for a loan signed on the last day of the month:
· From: Loan of €15,000 over a 7-year period, NIR 3,99%; APR 4,06%. No arrangement fee. Total amount repayable €17,216.64 (€15,000 amount requested + €2,216.64 interest + €0 fees). Monthly instalment: €204.96. Total cost of the loan: €2,216.64.
· Up to: Loan of €3,000 over a 36-month period, NIR 10,75%; APR 11,29%. No arrangement fee. Total amount repayable €3,522.96 (€3,000 amount requested + €522.96 interest + €0 fees). Monthly instalment: €97.86. Total cost of the loan: €522.96.
Scenario for a loan arranged on the last day of the month. If it is signed on a day other than the last day of the month, an initial interest instalment will be paid on the days elapsing between the date of signature and the last day of the month. Calculations carried out according to the French repayment system. The NIR and APR will depend on the customer's credit profile.

2. You have 90 days to provide the documentation that allows us to verify the quote and whether the sustainability criteria for the loan purpose are met. If the documents are not submitted on time, the 1% discount on the annual nominal interest rate will be deducted from the 4th instalment.

APR calculated for a loan signed on the last day of the month, if the purpose of the loan is not the purchase of sustainable goods or services:
·From: APR 5,02%, for a loan of €15,000 over a period of 7 years. NIR 3.99% for the first three months and NIR 4.99% from the 4th instalment; no arrangement fee. Total amount repayable €17,762.58 (€15,000 amount requested + €2,762.58 interest + €0 fees). Monthly instalment, first 3 months: €204.96. Instalment from the fourth month onwards: €211.70. Total cost of the loan: €2,762.58.
·Up to: APR 12,21%, for a loan of €3,000 over a 36-month period, NIR 10.75% for the first three months and NIR 11.75% from the 4th month onwards; no arrangement fee. Total amount repayable €3,566.52 (€3,000 amount requested + €566.52 interest + €0 fees). Monthly instalment, first 3 months: €97.86. Instalment from the fourth month onwards: €99.18. Total cost of the loan: €566.52.

3. Insurance brokered by Santander Mediación Operador de Banca-Seguros Vinculado, S.A. (“Santander Mediación”), via its distribution network Banco Santander S.A., by virtue of the agency agreement it has signed with the insurance company Santander Seguros y Reaseguros Compañía Aseguradora, S.A. The company Santander Mediación is listed in the register of the Directorate-General for Insurance and Pension Funds under no. OV-0042 and has signed financial capacity and third-party liability insurance pursuant to current legislation. See the other insurance companies with which Santander Mediación has an agency agreement for the distribution of insurance products at www.santandermediacionobsv.com. Subject to contractual terms and conditions of the insurance policy.

LOAN SIMULATOR

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Comfortable, flexible and sustainable financing

The Discounted Sustainable Loan is a loan that allows you to finance the acquisition of sustainable goods and/or services, such as the purchase of a sustainable vehicle with emissions below 50 gCO₂/km, or to finance home renovation or improvement projects that lead to energy savings and raise your home's energy rating.

The terms and conditions of this loan are as follows:

Fixed annual nominal interest rate with a 1% discount with respect to the Santander Personal Loan. From 3.99% (APR 4.06%)¹ to 10.75% (APR 11.29%)¹.
No arrangement fee.
No total or partial repayment fee. If you receive any kind of subsidy, you can use it to pay off the loan and reduce your debt at no cost.
Flexibility: because you can repay it over up to 7 years.
Minimum and maximum loan amount: EUR 1,000 – 100,000.
Peace of mind: Every day you're exposed to risks or difficulties that could disrupt your life or that of your family, but with this loan you can guarantee payment of the instalments in the event of death, absolute permanent disability, temporary incapacity or unemployment³.

Taking out a loan requires proof of what you will use the funds for. You will therefore have to provide the purchase invoice or the renovation project quote within 90 days to prove that the loan amount has been used for one of the purposes classified as sustainable. If the documents are not provided on time or if the sustainability criteria for the loan are not met, the 1% discount on the annual nominal interest rate will be deducted from the 4th instalment. From NIR 4.99% (APR 5.02%) to NIR 11.75% (APR 12.21%)².

Discounted Sustainable Loan Purposes

solar-energySELF-CONSUMPTION

Installation of photovoltaic solar panels.
Solar panels for hot water.
Electrical energy or thermal storage units.

ENERGY EFFICIENCY OF YOUR HOME

Heating, cooling and hot water

Acquisition of household appliances with the highest EU energy label rating for each item type.
Installation of heating, cooling and domestic hot water systems in the most energy-efficient categories.
Condensing boilers: installation of heating and hot water systems using condensing boilers.
Heat pumps: installation of heat pump heating and cooling system by means of splits or ducts.
Aerothermal: installation of heating, cooling and domestic hot water system using aerothermal system.
Geothermal: geothermal installation, systems that convert heat from the ground into thermal energy (heating, cooling and domestic hot water).

Control and automation

Smart meters for water, gas, electricity, ventilation and air-conditioning for efficient integrated energy management.
Sensor equipment, including movement and daylight detection.
Items for façades or roofs with sun protection or control functions.

Insulation of façades and cladding

Replacement of exterior carpentry: Installation of aluminium or PVC thermal break windows and low-emission double glazing, complying with the limits established in the Technical Building Code (CTE) for Energy Saving.
External insulation finishing system (EIFS, SATE in Spanish).
Double-skin façades.

SUSTAINABLE MOBILITY