The bank presents a financial offer with competitive rates and benefits for those who receive their salaries at the entity. I discovered more.
He National Bank offers a line of personal credits which can reach up to $2,500,000 to be paid in 18 installments, subject to approval by the financial institution. They are credits in pesos and without a specific destination, with a minimum of $10,000.
If approved, the fees are automatically deducted from the client’s Banco Nación account. Also if the client has a regular payment history and is up to date, they will be able to renew after paying the 10% of the fees.
The credits are by signature only and follow the French amortization system. The installment terms depend on whether the person collects their salary at Banco Nación or not. If you do, the period is 12 to 18 months; otherwise, it is 18 months.
Banco Nación warned that if the credit executive body considers it appropriate, the need to request a co-debtor or joint guarantor could be evaluated.
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Who can access the $2,500,000 loan from the BNA
Furthermore, the Bank emphasizes that the credits are aimed at people who are working or who receive their salary through the bank. The general conditions to access this loan include:
- The age at the end of the loan cannot exceed that established to qualify for the retirement regime.
- People can receive their salaries through a salary payment agreement with Banco Nación.
- Potential interested parties can receive their salaries through accreditation through the National Payment System.
Banco Nación credit: what are the interest rates like?
Banco Nación establishes different rates for credits according to the type of client:
- For those who work and receive their salaries at Banco Nación, the fixed annual nominal rate is 63%, with an annual effective rate of 84.78%. The total financial cost (CFT) expressed in the annual nominal rate is 76.23%and of 109.40% in the annual effective rate.
- Users who do not receive their salaries at Banco Nación, but adhere to the “Cuenta Nación” Service Package, have a fixed annual nominal rate of 79%, with an annual effective rate of 114.92%. The CFT expressed in the annual nominal rate is 105.23%, and of 174.20% in the annual effective rate.
- For those who do not receive their salaries at Banco Nación or adhere to the “Cuenta Nación” Service Package, the fixed annual nominal rate is 109%, with an annual effective rate of 183.86%. The CFT associated with the fixed nominal rate is 131.89%, and of 249.50% when applied to the annual effective rate.
Source: Ambito
