Expansión Line

• Annual Nominal Interest Rate (NIR) applied of 17.88%1 (19.42% Equivalent annual rate)², without any charges, arrangement or assessment fees.
• You can pay off the loan at your convenience over 3, 6, 9, 12, 18 or 24 months.
• Your Expansion Line limit is updated monthly and reset, based on the amount you pay off each month. Therefore, you can always use it again without having to pay any more.
• You can cancel your Expansion Line limit at any time.

Contracting an Expansion Line requires prior knowledge of the contractual terms and conditions. You can view the general terms and conditions of the contract at bancosabadell.com/lineaexpansion. Once the Expansion Line has been activated, the risk analysis has been carried out and, where applicable, the acceptance and granting of the credit line has been given by the Bank, the holder of the associated account, or each of the holders if there are more than one, may use the Expansion Line interchangeably, with one or several drawdowns, up to the credit limit in force at any given time.

The initial credit limit is a common one, regardless of the number of account holders; it is revised monthly and it is variable in accordance with the specific conditions of the Expansion Line and can also be used both severally and jointly.

(1) NIR: 17.88 %. APR of 19.42%. Arrangement fee of 0.00 %. Assessment fee 0.00 %. Early cancellation fee 0.00%. Offer valid until 31/12/2020.

(2) Example for a €2,000 Expansion Line to be paid off in 12 months: 11 instalments of €183.25 and a final instalment of €183.20. Total debt amount: €2,198.95. APR: 19.42 %. Total cost of the loan: €198.95. Total amount of interest on the loan: €198.95.

Example for a €5,000 Expansion Line to be paid off in 12 months: 11 instalments of €458.12 and a final instalment of €458.05. Total debt amount: €5,497.37. APR: 19.42 %. Total cost of the loan: €497.37. Total amount of interest on the loan: €497.37.

The French repayment system, which features a system of consistent instalments, is used for the calculation of the instalments to be paid. I.e., the same amount is paid every month, provided that the interest rate applicable to the transaction does not vary during the settlement period, or that no early repayments have been made. Valid for natural persons (excluding business and professional purposes).

Banco Sabadell reserves the right not to provide this credit if, during the validity period of this offer, any circumstance becomes known regarding the applicant which could lead to a change in the criteria for granting it.