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He Bank province has a loan for entrepreneurs which can be more than $11 million pesos for those who have never had credits previously.
The line of credits, called Inclusion, is intended for “working capital and productive investment,” and may be attractive to the public that has not previously accessed financial products of this type. As defined on the page, the loans are intended for “entrepreneurs who do not have a credit history in the country.” Central Bank (BCRA)”.
In this way, the provincial financial entity promises to “accompany” potential beneficiaries to “create your financial history.” The loans, whose maximum amount is up to $11,716,000, They have a special rate of 25% and a French amortization system, with a minimum repayment period of three months and a maximum of 24 months.
The minimum requirement to be able to access the Credit Inclusion, in addition to the aforementioned blank credit history, is having spent at least six months carrying out an activity independently, as well as “having a good business history.” As you remember from Bank province, the effective granting of the product is subject to credit evaluation and the presentation of documentation that supports the applicant’s activity. If the loan is authorized, the beneficiaries will not pay a granting fee.
The entity also emphasizes that early cancellation charges will not be applied once the minimum stay period of three months is exceeded. To illustrate, they point out that for a financing of $100,000 for 24 months granted in Buenos Aires, the first period fee would be $5,443.
He Bank province has different credit lines, and there is one that allows certain social groups to access a maximum amount of 20 million pesos, with a repayment period of up to 72 months.
The conditions of these loansas indicated by the banking entity on its website, limit their scope to permanent employees of the private sector and public administration national, provincial and municipal who receive their salaries in the Provincia Bank, as well as retirees and pensioners IPS (Institute of Social Security) and the Anses (National Social Security Administration) that credit assets in a savings bank social security account in the entity.
The credits They do not have granting expenses and their approval is subject to a credit evaluation by the financial entity, which established as requirements that the potential beneficiaries of the loan must be users of Provincial Internet Banking (BIP) and have an active security token.
The interest rate of the line varies depending on the profile of the applicant: for public employees, as for retirees, a NAV fixed rate (Nominal Annual Due) of 54%. On the other hand, for permanent employees of private sector companies, the NAV fixed rate of 64%.
The loans can be requested in person, at one of the multiple locations that the Bank province has in the territory, and you can also request them without procedures or papers through the home banking of the financial institution, Provincial Internet Banking (BIP).
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