An instant loan is an installment loan that the bank makes available to customers quickly and easily, provided they have the appropriate creditworthiness. The loan amount can be individually selected up to a maximum amount set by the bank. The contract term is flexible and ranges from 12 to 96 months.

The repayment occurs in equal monthly installments, which consist of an interest and a principal repayment component. The first installment is due on the same calendar day of the month following the conclusion of the contract, not at the end of the month. If this day falls on a weekend or a public holiday, payment will be made on the preceding business day.

Here is an example: If the contract is concluded on January 10, the first installment is due on February 10.

To receive an instant loan from BBVA Germany, the following conditions must be met:

• Customer status: Your must be an active BBVA Germany customer for at least three months.
• Credit check: Your creditworthiness must be sufficient. This will be checked by the bank before granting the loan.
• Payment history: You must not have any delayed payments or other existing obligations with BBVA or other creditors.