Benefits of The Loan

Benefits of The Loan


• variable interest rate of 4.75% p.a for Unsecured Loans
• variable interest rate of 3.75% p.a for Secured Loans

• Maximum of 7 years

Level of Financing:
• Full financing

• No processing fees
• No commitment fee
• No early repayment fee

A Representative Example of an unsecured EcoPlus Loan
For a fully utilised unsecured loan of €20,000, at a variable nominal interest rate of 4.75% p.a., and the duration of the credit agreement is that of 84 months, then the *APRC will be 4.85% p.a. The loan will be repayable in equal monthly instalments of €280.95 over a term of 7 years. The total sum payable
throughout the term of the loan will be €23.599.80 (being capital of €20,000, and interest of €3,599.80). All EcoPlus loans are subject to a final approval from your APS servicing branch.

*Calculations are based on the below assumptions:
- That the consumer lending bank base rate (currently at 2.25%) remains unchanged during the period of the loan.
- The credit agreement is to remain valid for the period agreed between the Bank and the consumer, and that both parties will fulfil their obligations under the term and by the dates specified in the credit agreement. The consumer has the right to pay the loan in full or in part before the agreed termination. In such circumstances, no early repayment penalty fee is incurred.
- APRC calculation is based on the total cost of the credit to the consumer, expressed as an annual percentage of the total amount of credit.

Find out more: 

What is an ECO Loan?

What Does it Apply to?

Features of The Loan

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Benefits of the Loan




Copyright © 2017 APS Bank plc
APS Bank plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994 and to carry out Investment Services activities under the Investment Services Act 1994. The Bank is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.