The BNA reported on the current interest rates for loans and discount operations, as well as the criteria for determining these rates according to the type of client and the time period of the loan.
MSMEs with compliance with the “CONSIDERATIONS ON THE MINIMUM MSME QUOTA OF THE BCRA”:
According to a Official Noticel published this Friday, the National bank (BNA) reported on current interest rates for loans secured by works certificates and discount operations in general, as well as the criteria to determine those rates depending on the type of client and the time period of the loan.
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- Loans with guarantee of works certificates: These loans are those in which a works certificate is used as collateral. Interest on these loans is collected at the end of each month. The interest rate varies depending on whether the client is considered a Micro, Small and Medium Enterprises (SME) or No.
According to the official text, for SMEs, a BADLAR rate (a reference rate in Argentina) plus a certain additional percentage is applied. For clients that are not SMEs, the rate is the same BADLAR but with a higher additional percentage.
- Active rates for loans– Active interest rates are provided for different loan terms (30, 60, 90, 120, 150, 180 days). These rates are expressed in both nominal and effective terms and vary daily depending on the specific period.
Rates applicable to different types of users
- Type “A” users: SMEs that meet certain established criteria. An interest rate is applied depending on the discount period.
- Type “B” users: SMEs that do not meet the aforementioned criteria, with interest rates that also vary depending on the term.
- Type “C” users: Large companies, with interest rates similar to those of type “B” users.
- Type “D” users: Special conditions for soybean producers, with a specific rate up to 270 days.}
Loans with guarantee of works certificates
- They are implemented through advances in current accounts.
- Interest is received per monthly period in arrears.
- Rates vary depending on the type of user and the term of the loan.
Rates in force as of 04/26/2024
Micro, Small and Medium Enterprises (MSME):
- Up to 30 days: 69.51% TNA
- Up to 180 days: 63.77% TNA
Big enterprises
- Up to 30 days: 69.91% TNA
- Up to 180 days: 64.11% TNA
General discount operations
Rates vary depending on the type of user and the term of the operation.
Example of rates in force as of 04/15/2024:
- MSMEs with compliance with the “CONSIDERATIONS ON THE MINIMUM MSME QUOTA OF THE BCRA”:
- Up to 30 days: 42% TNA
- Up to 360 days – SGR: 47% TNA
