The good employment march and the sales rates that the European Central Bank (ECB) has been applying They have given an impulse to consumptionmaking it a key lever of the progress of the economy. The cheapest financing has allowed consumer credit to rebound 7.2% in the first semester with respect to the same period a year ago and that shoots at the bankruptcy of Lehman Brothers, according to the Bank of Spain (BDE). The volume of active loans for lasting goods exceeds 108,000 million, 11.2 billion more than twelve months ago.
The entity led by José Luis Escrivá foresees that consumption remains an engine of activity the next quarters. At the moment three months seen, the Spaniards plan to spend 382 euros on white -end appliances (washing machines, refrigerators, ovens …), around 244 euros in those of brown range (televisions, music equipment or cameras), about 952 euros in air conditioning or 1,575 euros on average in reforming the kitchen, as can be seen from the last ‘consumption barometer’ published by the Cetelem observatory.
They are just some of the expenses, along with trips, reforms or electronic devices, which can lead to consumers to Find effective with which to be able to finance them. HelpmyCash has selected the three cheaper consumption loans offered by Spanish banking and that can relieve something in the September slope to homes that need to carry out some of those disbursements.
The first position of the podium is occupied by BBVA’s rapid loan is the cheapest than from the 5.20% news (5.33% Tae) It allows to request up to 20,000 euros to be returned in a maximum of eight years, without opening commission. This product is intended for new customers of the entity that domicile your payroll.
Second would be the Santander personal loan, which allows you to obtain financing from up to 100,000 euros With an interest rate from 4.99% TIN (5.57% TAE), to return within a maximum period of seven years. This credit includes a funded opening commission between 1% and 2% and is exclusive to customers.
Third, the financial product comparator recommends the personal loan of Cofidis, while allowing up to 60,000 euros with an interest From 5.45% TIN (5.59% TAE)with a process that can be done 100% online and without changing bank.
Bank of Spain tips when requesting consumption credit
The Bank of Spain always recommends to always review the pre -contractual information of the credit, including the APR to compare real costs, and verify the opening and cancellation commissions. “It is important to ask for only the necessary money, Understand the conditions of linked products As insurance, and take into account the right of withdrawal within 14 days after signing the contract, “they explain from the regulator. In that case, the client must return the money delivered and the interest accumulated to date, applying the contractual conditions.
