He National Bank arranged a new reduction in the interest rate for MSMEs, large companies and for the “individuals” segment, with drops ranging between 5 and 9 percentage points. Likewise, the BNA also resolved to improve the conditions for financing in dollars, with a fixed rate of 1.5%.
With respect to companies, the state entity reported that the rate for productive investment of Banco Nación fell 9 points, which went from 35 to 26%with a maximum term of 6 years.
In the case of credits for working capital, the reduction was 7 points (from 40 to 33%)with terms available from 6 months and, for some operations, up to 3 years.
In relation to the so-called “individuals” segment and, specifically, the people who receive their salaries through the BNA, A reduction of 6 percentage points was established in the fixed interest rate, going from 50 to 44%, with terms ranging from 12 months to 5 years. This modality will take effect from Tuesday, May 7.
Regarding retirees and pensioners, the BNA also decided a reduction of 6 points, with which the interest rate went from 46 to 38%with a maximum term of 60 months, a line that will be in force from May 7.
As an example, the entity indicated that “a client who receives his salary in the BNA, for a loan of $1 million, for 36 months, would pay an approximate monthly fee of $58,200, while, in the case of retirees and/or or pensioners, the fee would be around $53,600.”
Loans for the so-called “open portfolio” segment also benefited from a drop in interest rates: from 65 they went to 60%for a period of up to 5 years maximum term.
Furthermore, the BNA reduced the interest rate from 40 to 30% for the so-called “Non-CENDEU” segment, which are those that do not appear until December 31, 2023 in the BCRA Debtor Central. Through this line, financial assistance of up to $10 million is granted, for a single term of 24 months, to thousands of clients.
- From the entity led by Daniel Tillard, they assured that this decision “will facilitate access to credit both for productive investments and working capital, as well as for the consumption of goods and services.”
In this sense, last week, the Nation reported that loans granted to companies and individuals increased by 373% during April. In this way, financial assistance increased from about $170 billion to more than $807 billion.
In the same report, the bank revealed that between January and April 2024, granted loans for more than $2.3 billiona figure that almost equals the $2.4 billion that the entity allocated to companies and individuals throughout last year.
In relation to loans, the financial institution explained that “in addition to the option of applying in person at any branch in Argentina, the different lines of loans can be managed through the “BNA+” App, which has more than 11 million users”.
