MOMS, GO FOR YOUR DREAMS
Who is the Mama Loan for?*
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For all working mums and dads who have a child under 3 years old.
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The applicant can also apply for a loan with a co-borrower living in the same household.**
* The granting of a loan on the terms offered is subject to the bank's approval and depends on an assessment of the applicant's ability to repay the loan.
** Co-borrower means spouse, partner, spouse's spouse.
How to apply for a Mama loan?
We will be happy to advise and calculate the loan amount and repayment.
Representative example
The monthly annuity payment of the VUB Loan with Reward - interest rate discount (representing a benefit in the form of a 2% interest rate discount) in the amount of € 4 000.00 with an interest rate of 6.50% p.a. and a maturity of 96 months amounts to € 53.54. The annual percentage rate of charge is 6,77 %, the number of instalments is 96. The amount of the loan origination fee is € 0. The total amount to be paid by the client, excluding insurance, is € 5 139,84.
For the calculation of the APR, the drawdown date is assumed to be 15.5.2023, the date of the first instalment is 30.5.2023 and the amount of the annuity instalments is the same throughout the repayment period. The granting of the loan on the terms offered is subject to the approval of the bank and depends on an assessment of the applicant's ability to repay the loan. The result of the APR calculation is expressed to two decimal places.
The monthly annuity instalment of the VUB Loan without Remuneration - interest rate discount in the amount of € 4 000.00 with an interest rate of 8.50% p.a. and a maturity of 96 months amounts to € 57.57. The annual percentage rate of charge is 8.95%, the number of repayments is 96. The amount of the loan origination fee is € 0. The total amount to be paid by the client, excluding insurance, is € 5 526,72.
For the calculation of the APR, the drawdown date is assumed to be 15.5.2023, the date of the first instalment is 30.5.2023 and the amount of the annuity instalments is the same throughout the repayment period. The granting of the loan on the terms offered is subject to the approval of the bank and depends on an assessment of the applicant's ability to repay the loan. The result of the APR calculation is expressed to two decimal places.
