Features
- For residents in Andorra.
- Loan of up to 60,000€ with personal guarantee for the purchase of consumer goods such as a television, a trip, refurbishment of your house or any unforeseen event.
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Granted within a maximum period of 5 days, as long as all required documents have been provided.
See required documents - You will get the entire capital at once, at the beginning of the transaction.
- Repayment period of up to 5 years, provided the client’s retirement age is not exceeded.
- You can choose 3-month, 6-month and 1-year Euribor. The rate will be reviewed periodically in accordance with the chosen Euribor.
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You can obtain preferential conditions based on your degree of loyalty with the bank.
See terms and conditions - Your salary must be directly deposited into a MoraBanc account.
- You can choose the receipt date of the charge.
Mandatory Documentation:
- Budget or invoice of the goods or service to be financed.
Mandatory Documentation if you have not had your payroll domiciled with MoraBanc for at least the last 12 months:
- Updated CASS points if you work or have worked in the past.
Optional Documentation:
- Annual income and expenditure statement.
- Receipt of extraordinary revenue if necessary.
The applicable interest rate will vary based on the client’s degree of loyalty and the products they have contracted at MoraBanc:
- Direct deposit of salary.
- 3 utility or bank direct debits.
- Activa debit or credit card (with at least 3 monthly transactions).
- Possession of Grup MoraBanc’s savings and retirement products.
- Possession of Grup MoraBanc’s life and health insurances.
- Possession of MoraBanc’s investment funds.
- Other MoraBanc products.
The amount of your monthly payment or the sum of your current debt must not be higher than 35% of your monthly fixed income.
This product has no grace period for capital and interest.
Opening commission: 1.25%
Partial or total cancellation commission: 1.25%
Depending on the destination of the loan, both the amount and the repayment period are subject to the maximum established by Morabanc.
In the case of a negative Euribor value, the reference would be Euribor = 0.
Financing will be subject to assessment and approval by MoraBanc.