He Provincial Bank It has a diverse range of Loans for retirees and pensioners. The lines offer rates from 33% per year and a maximum amount of 20 million pesos to be paid in up to 72 months.
Banco Provincia: the loans available for this segment are three:
1. Exclusive loan for clients without debts
To promote financial inclusion and continue offering the best alternatives for access to credit, Banco Provincia relaunched its line of personal loans exclusively for people who do not have debts in the Central Debtors’ Office (CENDEU) of the Central Bank of the Argentine Republic.
These are loans of Up to 20 million pesos, with a fixed rate of 33% per year and a single term of 24 months for its repaymentFor every $100,000 the person pays a fixed fee of $5,746.86You can request it through home banking and it is credited within 24 hours. If you request it at a branch, the crediting is immediate.
How does a person know if they can access this loan?
Being debt-free means that the person did not have credit cards, overdrafts, loans or any other credit product, reported to the Central Bank of Debtors in June 2024This database unifies all the financial debt information of the Argentine banking system.
Anyone can check if they are a non-CENDEU client, they only need to provide CUIT/CUIL. Click on this link for more information.
2. Express Loans
They are personal loans of up to $1.2 million and with a single payment term of 36 months specifically intended for retirees and pensioners who receive salaries through the entity. For every $100,000 requested over a 36-month term, a fee of $5,350 is paid. (it cannot affect more than 35% of the person’s income)
The loan has multiple benefits: has a special fixed rate of 49% per year and can be requested from home banking or at a Banco Provincia branch.
Who applies for this financing??
Retirees and pensioners who receive their pensions through Banco Provincia. These are: a universe of 900 thousand beneficiaries of ANSES, the Social Security Institute (IPS) and some provincial pension funds.
Applications can be made from Tuesday 17th to Monday 30th September inclusive, or until the quota is exhausted, through home banking or in person at a branch. Once approved, if it was processed at a branch, it is credited immediately. If it was processed through home banking, it is credited within 24 hours.
3. Traditional personal loans
The public banking of Buenos Aires offers also loans from Up to 20 million pesos, with a fixed rate of 59% per year and terms ranging from 12 to 72 months for repaymentIf a person opts for the maximum period, that is, 6 years, for every $100,000 he/she pays a fixed fee of $5,077.
Who can access the loan?
Retirees and pensioners of the National Social Security Administration; former combatants of the Malvinas Islands who enjoy the Malvinas Islands Social Pension granted by the Province of Buenos Aires; and retirees and pensioners of the pension benefit funds of the Province of Buenos Aires who deposit their earnings through the entity.
Loans can be taken out through home banking or at the branch where they receive their salaries.
Important
- To obtain the loan from home banking, it is necessary to have the BIP Mobile application installed on the cell phone and activate the security token, necessary to validate the operation.
- To manage it at a branch, it is recommended to request an appointment in advance through the Bank’s website (link). In this way, people are guaranteed personalized attention at the scheduled time.
Source: Ambito
