Loans and Credits in Avantcard Online
Avant Tarjeta EFC, SAU is a financial institution specialized in the management of credit cards and personal loans. It is regulated by the Bank of Spain, which operates under the Avantcard brand offered by its banking products through telephone and online banking. Avant Tarjeta EFC, SAU It has support from the Apolo EPF investment group that is a part of Apollo Global Management. This group is an important alternative asset management on a global scale. Avantcard Certified Family Friendly Company, which is a project of the Másfamilia Foundation and supported by the Ministry of Labor.
Both types have a basic “Cashback” option when 1% of all purchases go back to your card if you postpone payments. It also offers a points program, flexible monthly payment and the possibility of transferring the money to your account through the Puente case service.
The PuenteCash® is an option that allows you to transfer from € 1,000 to your debit account a part of the loan limit granted in your card account. This operation is followed by the interest of 19.21% TIN / 21% APR. Let’s see how a typical loan works. Then, you have a loan of 1,000 euros with PuenteCash® option. During the year, you have to make 12 monthly payments. Therefore, you must make 11 payments for 92.26 € and your last payment will amount to 92.20 €. As a result, you will have to pay the total amount € 1,107.06.
Spending money on purchases with that card is very convenient. Each time deferred spago is selected, the money for the purchase will be returned in a next period.
The current rate is equivalent in the case of delay: 21% (19.21% VAT). The previous example of a € 1,000 purchase was paid in full in twelve monthly payments. Note that in this case provided by the emergence of new provisions of this loan product, as well as problems with payment during the amortization period.
You determine the amount of your monthly payment. The amount can vary from a minimum payment of the entire amount of the outstanding balance. In the case of arrears by the end of the billing period, you will have to make a monthly payment that exceeds the minimum. The above example shows the amount is 2.25% of the outstanding balance or one percent of the principal amount plus interest on the debt or five euros.
The loan amount depends on quick personal capabilities of each client, as well as on the selected date. As a result, you will be assigned individual maturities.