The most accessible financing for the productive sectors occurs in the discount checks and loans for working capital through digital channels. Personal loans also continue with the Lowest system fee.
In line with the objective of favoring access to credit for companies and individuals, the Buenos Aires public bank presented a new rate scheme that makes it the lowest in the Argentine financial system, The initiative, which was approved by the Bank’s Board of Directors headed by Juan Cuattromooccurs in the middle of bicentennial year and thanks to indicators that show unprecedented levels of solid equity and liquidity.
Banco Provincia credits: eCheqs discount line
The main differential occurs in those credits that are managed through digital channels. According to this new scheme, the lowest rate is for the discount line of electronic checks (eCheqs) of the RePyme Program. For the tranche of up to 90 days, it offers a rate of 54% per year, an interest that is 2 to 34 percentage points below that of other banks.
Credits from Banco Provincia: rates from 60% per year
The same goes for Credits for Working Capital, with terms of 12 months. Both for the face-to-face modality and for those who request it through the Internet Banking Province BIP, the The initial rate is 60% per year, from 5 to 47 percentage points below the rest of the system.
“One of the priorities that Governor Axel Kicillof set for the Bank is to work so that financing is a true tool for growth and inclusion,” explained John Fourtrome, president of the entity. And he added: “We are arriving at the Bicentennial with solid assets and very good liquidity indicators, which allows us to fully comply with our priority as a public bank: to offer people and companies the best financial products and services at the lowest possible cost.”
Banco Provincia Credits: Bicentennial Personal Loans
In addition to the lowest rates for productive loans, Banco Provincia has its line Bicentennial Personal Loans, which is characterized by having the lowest quotas in the market. This line It provides up to $5 million, has a maximum term of 72 months, does not generate granting expenses and is managed digitally.
During the In the first nine months of the year, the Buenos Aires public bank placed 486 billion pesos in loans. The 86% corresponds to productive loans. In addition, 3 out of 4 pesos granted to companies were allocated to SMEs.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
