Overview
- Banco Nación confirmed the new consolidation line will be available nationwide from Thursday, June 25 and can finance up to 100% of unpaid installments with a cap of 100 million pesos and terms up to 120 months.
- The bank applies approved funds directly to creditors rather than disbursing cash to borrowers and limits the new monthly payment to no more than 25% of the applicant’s income to guard repayment capacity.
- Access is restricted to clients with credit classifications 1 or 2 who receive payroll through Banco Nación or who move their salary account to the bank as a condition of eligibility.
- Borrowers choose between UVA indexing at a 10% nominal rate or CER-CVS coverage with a one-point premium, which lowers initial nominal payments but transfers inflation and wage-adjustment risk to households.
- The launch joins a wider public-bank and provincial push to refinance household debt after official data showed morosity at 12.1 affecting about 6.3 million people, producing a patchwork of programs with materially different costs and terms for borrowers.