Overview
- Loans range from $250,000 to $5,000,000 with fixed terms of 9, 12, 15, or 18 installments at a 28% nominal annual rate and a 39.67% total financial cost.
- Applications are handled entirely in the BNA+ app for users 18 and older, including retirees, with approvals communicated instantly in many cases subject to credit checks.
- Funds are not deposited to the borrower and are transferred directly to participating providers, which must be pre‑enrolled in the program.
- Eligible expenses include hotel stays with breakfast or half board, temporary rentals contracted through real‑estate agencies, and beach umbrella or balneario rentals, and two people may each take a loan for the same reservation.
- Monthly installments are auto‑debited from the borrower’s savings account, and media note the pricing is well below typical personal‑loan rates reported at private banks.