Overview
- Banco de la Nación rolled out the package in late May, offering consolidation loans up to ARS 100 million with a fixed nominal rate around 65% and terms up to 72 months.
- The bank will refinance credit-card balances issued by the institution up to ARS 10 million at a nominal rate near 35% for customers with up to 90 days overdue, and it may approve plans to 96 months for longer arrears after credit review.
- Each application will be reviewed individually by specialist teams, with limits such as a typical repayment quota capped near 35% of net income and a ban on consolidating third-party debts.
- The move responds to a sharp rise in household delinquency—BCRA data show morosity for personal credit and cards reached double-digit levels—and comes as the central bank has said it will not directly rescue indebted families.
- Bank officials presented the measures as immediate relief and a market signal to other banks and fintechs, but the program’s effect on overall delinquency rates has not yet been observed.