Features
- For residents in Andorra.
- Loan of up to 3,000€ with a personal guarantee for the purchase of consumer goods or for salary advances.
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Granted within a maximum period of 2 days, as long as all required documents have been provided.
See required documents - Repayment period between 2 and 12 months, provided the client’s retirement age is not exceeded.
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You will enjoy 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.
- You don’t need other guarantees, since we grant this loan with a personal guarantee.
- It cannot be combined with other MoraBanc loans.
Required documents
Mandatory Documentation:
- Budget or invoice of the service to be acquired or proof of requirement of the salary advance.
- Updated CASS points if you work or have worked in the past.
Optional Documentation:
- Your payslips from the last 3 months if you work.
- Annual income and expenditure statement.
- Receipt of extraordinary revenue if necessary.
Terms and conditions
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.
- Active 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 %, minimum 30€
Partial or total cancellation commission: 1.25%
In the case of a negative Euribor value, the reference would be Euribor = 0.
Financing will be subject to assessment and approval by MoraBanc.