The demand for personal credits of Banco Provincia showed a strong increase in January by public sector workers, as well as private.
At the end of January There was a strong demand for financing since the increase was 45%. The line was also consolidated in grapes, which allows you to get up to 50 million pesos and pay them with deadlines of up to 48 months.
This rebound occurred in particular during the last week of January (from 24 to 01/31), where 4,647 loans requested for more than $ 8.8 billion were registered, which implies growth compared to a 45% week in number of applications and 44% rise in the amount of money requested.
Grape loans: new modality by homebanking
The Personal Grape loan, a new financing tool that grants up to $ 50 million, with a maximum period of 48 months It can already be requested through Homebanking of Banco Provincia.
It is a line that has a fixed rate of 15% annual on capital adjusted by grape for those who charge their assets through the bank and 18% for the general public. The line, which has an important demand from the bank’s clients, had in the last 6 months 13,299 applications for $ 103,783 million.
It allows access to a higher amount of money, with a lower fee than traditional loans. For example: for $ 1 million, equivalent to 826.55 grapes, at a value of $ 1,209.85 per grape and with a period of 48 months, it pays an initial fee of $ 27,596.53.
5 tips to take a personal loan
Banco Provincia developed a guide for people to know what they should take into account when requesting a loan. Among the main recommendations are:
- Cost: Take into account the total financial cost, which includes commissions, expenses, taxes and insurance, among other items and not only the value of the interest rate.
- Term: Adjust the loan period to the payment capacity and not only to the monthly value of the fee. Sometimes, it is better to stretch the deadline for the fee not to condition the family economy.
- Amount: Do not ask for more money than the necessary, to avoid facing an unnecessary cost.
- Simulation: Make a quota simulation on the bank page to define the amount and appropriate deadline and have a forecast of what is going to be paid.
- Revocation or cancellation: Know the possibility of revoking the acceptance of the loan within 10 business days from the date of received the contract or its effective availability, which lasts. There is also the alternative to cancel debt at no cost, if at least a quarter of the original term of financing or 180 days run from its granting since its granting
Source: Ambito
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