PERSONAL LOANS

Loan Funding Samples.

So that you can count on the most accurate information, the financing examples on this page are updated periodically.

Personal Loan

APR: 13.6% for a personal loan example. Financed Amount: €10,000.00. Fixed Nominal Annual Rate (TAN): 10.000%. Term: 84 months. Monthly Installment: €168.09. Stamp Duty on Credit Usage: €181.28. Contract Opening Fee: €300.00. Total Amount Charged to the Consumer (MTIC): €14,818.19. Subscription of life insurance is mandatory (included in the APR), with a premium of €217.35.

 

The customer may choose to pay the premium at the beginning of the contract, finance and pay it over the term, or take out the insurance with any insurer, provided the conditions proposed by Montepio Crédito are met. All mentioned fees and charges are included in the APR calculation.

 

Loans are subject to approval by Montepio Crédito. Banco Montepio acts as a lender for Energy Transition Loans, Health Loans and Education Loans. For general-purpose consumer loans and car loans, Banco Montepio acts as a credit intermediary exclusively linked to Montepio Crédito – Instituição Financeira de Crédito S.A., registered with the Bank of Portugal under number 0796.

Education and Health Loan
APR of 7.2% for an example of financing of €5,000 over 60 months, with an Annual Nominal Rate (ANR) of 5.500% and monthly instalments of €96.01. The APR includes the Individual Credit Protection Plan insurance – Life option (mandatory insurance) – for 1 borrower (€63.93 – single premium paid at the start of the contract), interest, and stamp duty on the use of credit and on interest. The Total Amount Payable by the Consumer is €5,912.88.
Car Loan

New Internal Combustion/Hybrid Vehicles

 

APR: 10.2% Example for a new internal combustion vehicle loan. Amount Financed: €20,000.00. Fixed Nominal Annual Interest Rate: 7.500%.

Term: 120 months. Monthly instalment: €240.55. Plus Credit Utilisation Stamp Duty of €352.00 and a Contract Opening Fee of €400.00. Total Amount Payable by the Consumer (TAPC): €30,482.32. Subscription of life insurance is mandatory (included in the APR), with a premium of €864.33 payable.

 

The customer may choose to pay the premium at the beginning of the contract, finance and repay it throughout the loan term, or take out insurance with any insurance company, provided that the conditions required by Montepio Crédito are met. All fees and charges mentioned are included in the APR calculation.

 

Credit subject to approval by Montepio Crédito. Banco Montepio acts as the Credit Lender for the Energy Transition Loan, Health Loan and Education Loan products. For General Purpose Consumer Credit and Car Loan products, Banco Montepio acts as a tied credit intermediary on an exclusive basis for Montepio Crédito – Instituição Financeira de Crédito, S.A., registered with Banco de Portugal under no. 0796.

 

Used Internal Combustion/Hybrid Vehicles

 

APR: 10.8% Example for a used internal combustion vehicle loan. Amount Financed: €20,000.00. Fixed Nominal Annual Interest Rate: 8.000%.

Term: 120 months. Monthly instalment: €246.05. Plus Credit Utilisation Stamp Duty of €352.00 and a Contract Opening Fee of €400.00. Total Amount Payable by the Consumer (TAPC): €31,142.32. Subscription of life insurance is mandatory (included in the APR), with a premium of €864.33 payable.

 

The customer may choose to pay the premium at the beginning of the contract, finance and repay it throughout the loan term, or take out insurance with any insurance company, provided that the conditions required by Montepio Crédito are met. All fees and charges mentioned are included in the APR calculation.

 

Credit subject to approval by Montepio Crédito. Banco Montepio acts as the Credit Lender for the Energy Transition Loan, Health Loan and Education Loan products. For General Purpose Consumer Credit and Car Loan products, Banco Montepio acts as a tied credit intermediary on an exclusive basis for Montepio Crédito – Instituição Financeira de Crédito, S.A., registered with Banco de Portugal under no. 0796.

 

Electric / Plug-in Hybrid Vehicles

 

APR: 9.6% Example for an electric vehicle loan. Amount Financed: €20,000.00. Fixed Nominal Annual Interest Rate: 7.000%.

Term: 120 months. Monthly instalment: €235.11. Plus Credit Utilisation Stamp Duty of €352.00 and a Contract Opening Fee of €400.00. Total Amount Payable by the Consumer (TAPC): €29,829.52. Subscription of life insurance is mandatory (included in the APR), with a premium of €864.33 payable.

 

The customer may choose to pay the premium at the beginning of the contract, finance and repay it throughout the loan term, or take out insurance with any insurance company, provided that the conditions required by Montepio Crédito are met. All fees and charges mentioned are included in the APR calculation.

 

Credit subject to approval by Montepio Crédito. Banco Montepio acts as the Credit Lender for the Energy Transition Loan, Health Loan and Education Loan products. For General Purpose Consumer Credit and Car Loan products, Banco Montepio acts as a tied credit intermediary on an exclusive basis for Montepio Crédito – Instituição Financeira de Crédito, S.A., registered with Banco de Portugal under no. 0796.

Energy Transition Loan
APR of 7.5% for an example of financing of €10,000 over 60 months, with an Annual Nominal Rate (ANR) of 5.500% and monthly instalments of €192.03. The APR includes the arrangement fee (€52.00), the Individual Credit Protection Plan insurance – Life option (mandatory insurance) – for 1 borrower (€127.86 – single premium paid at the start of the contract), interest, and stamp duty on the use of credit and on interest. The Total Amount Payable by the Consumer is €11,877.58.

You can always choose an insurer of your choice, as long as the insurance contract safeguards a level of guarantee equivalent to that of the contract proposed by the lender.

Each order is subject to credit risk analysis.

The information presented does not dispense consulting the legally required pre-contractual and contractual information.

Therefore, before taking out a loan,  you should clarify all doubts, read the contract  and particular financing conditionscarefully  and make sure that the installments are suitable for your monthly budget.