Offer valid until 31/12/2023, exclusively for new Banco Sabadell customers that are self-employed workers, retailers, and small businesses, registered with the bank between 01/01/2023 and 31/12/2023.
1.The requirement established in the contract will not apply during the first 6 months of holding a Business Sabadell Plus Account. After the seventh month, there must be a minimum monthly income of €3,000. This requirement must be met on a monthly basis, and if it is not met for two consecutive months, the Business Plus Sabadell Account will automatically become a Relación Account. Income from accounts opened with the Banco Sabadell Group in the name of the same account holder are excluded.
2.From the seventh month onwards, for all private cards issued in this country and in the European Union, the percentage of 0.40% will be applied, with a minimum fee of € 0.07 per transaction. Domestic corporate cards will be charged a fee of 0.80% with a minimum of €0.07 per transaction. EU corporate cards and cards from outside the EU (private and corporate). JCB and CUP will have a fee of 1.80% + €0.39 with a minimum transaction fee of €0.46. Transactions made with American Express cards are excluded from these costs and are subject to specific fees. Transactions made through Bizum will have a fee of 0.40% with a minimum price of €0.15 per transaction. Rate not applicable to virtual POS, see specific conditions. MasterCard B2B cards under the GWTTP programme incur a transaction fee of 2.95%.
During the first 6 months, the POS terminal maintenance fee will be waived with the Business Sabadell Plus Account. From the seventh month on, the monthly POS terminal maintenance fee applied will be €6.
3. Interest rate: 0.00%. The drawdowns are interest-free. APR from 6.33% to 10.90%. Amount from €3,000 to €30,000. Term: 6 months. Arrangement fee: 3.00% (minimum €150).
The calculated APR (Annual Percentage Rate) may vary, depending on the amount of the transaction and the 3% arrangement fee (with a minimum of €150), which is not financed. Assessment fee of 0.00% and no-drawdown fee of 0.00%. Interest paid quarterly on the last day of the calendar quarter and on the maturity date of the loan agreement. The repayment system of the principal amount of the credit is at maturity.
Example Calculations:
APR: 6.33% for a total credit amount of €30,000 to be repaid in 6 years at a fixed 0.00% nominal interest rate (NIR). In an example in which the settlement period begins on 01/01/2023. Arrangement fee: €900 (3%). Total interest: €0. Total cost of credit: €900. Total amount payable: €30,900. Capital to be repaid at maturity on 01/07/2023: €30,000.
APR: 10.90% for a total credit amount of €3,000 to be repaid in 6 months at a fixed 0.00% nominal interest rate (NIR). In an example in which the settlement period begins on 01/01/2023. Arrangement fee: €150 (3%, minimum €150). Total interest: €0. Total cost of credit: €150. Total amount payable: €3,150. Capital to be repaid at maturity on 01/07/2023: €3,000.
The granting of the loan, its amount and the repayment period for each mortgage application will be determined by and subject to the Bank’s risk criteria.
4.For transfers in euros made through self-service channels, both domestic and to EEA countries (not immediate).
For new customers only, until 31/12/2023