Overview
- Major banks in Argentina outlined current personal-loan offers Thursday, showing large caps up to 100 million pesos and multi‑year terms for both workers and retirees.
- Banco Nación targets payroll customers with loans up to 100 million pesos at a 60% nominal annual rate and up to 72 months, requiring salary credit at the bank, automatic debit, and that the borrower not exceed retirement age at the end of the term.
- Banco Galicia’s pricing shifts steeply by client tier, with examples ranging from a 76% nominal rate and 142.56% total financial cost to 132% nominal and 347.94% total cost, plus a 45‑day grace period before the first payment; the total financial cost is the all‑in rate that folds in fees and taxes.
- Banco Provincia advertises up to 50 million pesos at a fixed 98% annual rate with funds credited within 24 hours, while BBVA offers up to 40 million pesos through a fully online process with a published fixed‑rate example at 132% nominal and a rule that the installment cannot exceed 30% of income.
- For retirees, banks reserve better terms for those who are paid there: Nación lends up to 50 million pesos only to pensioners who collect at the bank, and Banco Ciudad offers up to 40 million pesos at a 65% nominal rate for those who do so, dropping to 20 million at 87% for other clients and 10 million with a 174.30% all‑in cost for non‑clients.