Overview
- Banco Nación officially opened the new credit line as part of its Program of Regularization and will make the product available for in-branch applications starting Monday, June 29.
- The loan targets customers classified by the central bank as risk 3, 4 or 5, which covers borrowers with payment delays of about three months, six months, a year or longer.
- Contracts are structured under the UVA model with CER adjustments, offer up to 120 months of repayment and use monthly French amortization to set installments.
- Borrowers who receive wages through Banco Nación can get a fixed nominal rate of 12% while other clients face 14% TNA and those keeping the 12% benefit must continue salary accreditation at the bank for the life of the loan.
- Clients who pay a premium can add a coverage that caps increases in their monthly payment by tying the limit to the Coefficient of Variation Salarial so that instalments do not rise faster than measured wage growth.