Personal Loan

Personal Loan

For whatever you need or want 

Become a customer

Calculate your loan payment now
A competitive interest rate

Annual nominal interest rate (NIR) from 6.95%(1) and APR 7.17%(2)

From €300 to €24,000 and no application or opening fees

Use the loan however you want and save on application and opening fees.

For up to 5 years

At your own pace, from 12 months to 5 years to repay.

Personalised service

One of our specialists will explain you everything and with no strings attached.

The money you need and with up to 5 years to repay

  • Apply for between 300€ and €24,000 for your studies, a car, holidays or anything you want.

  • Repay the loan over a flexible period of between 12 months and 5 years.(3)

A competitive interest rate without application or opening fees

  • Pay your salary directly into your Openbank account, and take advantage of the best interest rates from 6.95%(1)  (7.17% APR(2)) to 14.25% (15.22% APR), depending on your circumstances.

  • You save on application and opening fees. You will receive the full amount of the loan in your account.

Easy and convenient for you

  • ​​​​​​​With a personal adviser to explain you all the details and process.  With no strings attached!

(1) Provided that you fulfil the following requirement\: Having your salary, pension or any other regular payment received by transfer as remuneration paid directly into Openbank, or making a deposit every month into Openbank from an account in another bank.  The amount of any of the above payments must be equal to or greater than €900 per month. You will have three months from the arrangement of the loan to satisfy this requirement. If you fail to satisfy this requirement, the interest rate applicable after non-fulfilment will vary and will be the result of adding an additional margin of 2% to the annual nominal interest rate.

(2) Annual NIR of 6,95% (7,17% APR). For your loan of €10,000 over 60 months, you must make 60 monthly repayments of €197.78 each. No opening fee. Total amount to pay (capital + interest) of €11,866.80. The interest rate applied may vary up to 14.25% NIR (15.22% APR), depending on the approval of risk by Openbank. For your loan of €10,000 over 60 months, you must make 60 monthly repayments of €233.98 each. Total amount to pay (capital + interest) of €14,038.83. These APRs have been calculated on the assumption the applicant will fulfil the requirement described in reference (1) above during the entire life of the contract.

(3) Minimum repayment term is 12 months and maximum 5 years, provided that the sum of the holder's age and the term of the loan does not exceed 70 years.

onboarding

Become a customer in just three steps, wherever you are

1

Complete the online form

To become a customer, we need to know a few things about you. Complete the online form and choose your access code.

2

Confirm your identity

Without having to go anywhere. By video call, providing your account number in another bank or with a messenger.

3

Sign electronically

We will send you an SMS text with a security code in order to access your contract so that you can sign it online.

Watch video Become a Customer

Do you want to learn more about the Personal Loan?

The minimum amount is €300 and the maximum is €24,000.

The minimum repayment period is 12 months and the longest is 5 years, provided that the sum of the holder's age and the term of the loan does not exceed 70 years.

If what you need is financing for the purchase of a home, check all the conditions of our mortgage loan here.

The Personal Loan has a very competitive nominal interest rate, from 6.95%NIR(1) (7.18% APR(2)). We just ask you to directly pay in your wage equal to or greater than €900.

For example for a personal loan of €10,000 over 5 years, your monthly repayments will be €197.78. No opening fee. The total amount owed, including principal and interest, would be €11,866.57.

(1) Provided that you fulfil the following requirement\: Having your salary, pension or any other regular payment received by transfer as remuneration paid directly into Openbank, or making a deposit every month into Openbank from an account in another bank.  The amount of any of the above payments must be equal to or greater than €900 per month. You will have three months from the arrangement of the loan to satisfy this requirement. If you fail to satisfy this requirement, the interest rate applicable after non-fulfilment will vary and will be the result of adding an additional margin of 2% to the annual nominal interest rate.

(2) Annual NIR of 6,95% (7,18% APR). For your loan of €10,000 over 60 months, you must make 60 monthly repayments of €197.78 each. No opening fee. Total amount to pay (capital + interest) of €11,866.8. The interest rate applied may vary up to 14.25% NIR (15.22% APR), depending on the approval of risk by Openbank. For your loan of €10,000 over 60 months, you must make 60 monthly repayments of €233.98 each. Total amount to pay (capital + interest) of €14,038.83. These APRs have been calculated on the assumption that the applicant will fulfil the requirement described in reference (1) above during the entire life of the contract.

  • Application fee: 0%
  • Arrangement fee: 0%
  • Early repayment fee: 0.50% (if there is less than one year until the loan matures) or 1% (if there is more than one year) of the amount of the loan repaid early.

If you want to apply for your Personal Loan for studying, a trip, to refurbish your house, a car, etc..., you can do it through our Website, App or by calling us on 912762256.

We make it easy for you. Call us on 91 276 22 56​​​​​​​. Our team of professionals will help you with everything you need.

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If you want to apply for your Personal Loan, you can do it through our Website, App
 or by calling us on 912762256 from 9am to 9pm from Monday to Friday.