Overview
- The bank raised the nominal annual rate to 6% for customers who credit wages at the bank and to 12% for non-clients, with the change effective immediately for new contracts.
- The optional inflation-protection insurance premium increased to 2% per year from 1.5%.
- Monthly payments will rise; a US$100,000 loan over 30 years now starts near US$710 versus roughly US$650 previously.
- Banco Nación still accounts for more than 40% of UVA originations and has tightened approvals, with reported scoring thresholds around 900 points.
- Private banks are moving unevenly—BBVA cut a preferred rate to 7.5% for high-income clients while others remain near 10% to 17%—and analysts describe a convergence toward 6% to 7% as a sustainable long-term range.