Obtaining financing in Argentina can be a complicated process, especially due to high inflation making it difficult to create credit lines.
However, Banco Nación seeks to solve this situation by offering loans with an interest rate lower than the market rate.
What amounts does Banco Nación offer?
Individuals can request up to $5,000,000 through the French amortization method, while small and medium-sized companies can obtain up to $10,000,000 to rebuild their working capital or make investments.
The term for these loans varies between 40 and 72 months, with a fixed rate of 40% in the first year and a rate of 53% in the case of individuals requesting loans for investment and working capital purposes.
Retirees, pensioners and those who collect their assets at Banco Nación can obtain up to $1,000,000 with terms of 24 to 48 months and a fixed rate of 40% in the first year and 48% in the second.
How to get a loan at Banco Nación?
According to Banco Nación, obtaining a loan at your institution is a simple process that consists of three steps. First of all, it is necessary to find out about the main characteristics of the loan, as well as the requirements and the necessary documentation.
Second, the fee must be calculated by estimating the required income and the total cost of the loan. Finally, in the third step, we proceed to apply for the credit and obtain the corresponding pre-approval.
To do this, you must complete the corresponding form, choose the branch where you want to carry out the procedure and attach the necessary documentation. Banco Nación will contact you once the request has been made.
Another way to process it is through the BNA+ application. In this case, you must follow the following steps:
• Log in to the BNA+ application and enter the “Your bank” section and then “Loans”
• Click on the “+” option to proceed with the request for a new credit
• Then, you must select the line of credit you need, the amount, destination of the money and the cancellation option you want.
Once you have thoroughly reviewed the details related to your loan, such as the interest rate and the total financial cost, among other relevant aspects, you will have to accept the terms and conditions of the service if everything is in order.
At this point, you’ll likely be asked to verify your identity using a biometric selfie. After clicking “Continue”, you will be able to view your application, and you will also receive an email with all the pertinent information.
What loans does Banco Nación offer?
If you are wondering what loan options Banco Nación offers, here is a list of the available alternatives:
• Personal loans for those who collect their assets in the bank.
• Loans for national, provincial, municipal and community public employees.
• Loans with free destination.
• Advance of assets.
• UVA mortgage loans.
• Loans for specific destinations, such as Mi Compu programs, expansion and renovation of homes, debt consolidation, among others.
• Loans for retirees and pensioners.
How do I know if I can get a loan at the bank?
If you are considering applying for a loan at Banco Nación, it is important that you keep in mind that there are certain requirements that you must meet. For loans at a subsidized rate for 40 years of democracy in Argentina, for example, there are different requirements to meet.
One of them applies to individuals seeking to obtain a loan to invest or finance working capital. In these cases, the loan is granted with a single signature and a guarantee corresponding to the amount of money granted is required.