A $20 million loan came out to buy a car and pay in 24 installments: how to access

A $20 million loan came out to buy a car and pay in 24 installments: how to access
A $20 million loan came out to buy a car and pay in 24 installments: how to access

How to apply for the loan?

The procedure can be carried out quickly and easily through Banco Provincia home banking or by going to the nearest branch. The amount will be credited to your account within 24 hours.

Fixed fee and benefits

The loan offers a monthly fixed fee of $1,067,430 providing predictability and facilitating financial planning. Furthermore, by not being registered with CENDEU, you have access to a preferential interest rate.

Featured Features:

-Maximum amount: $20,000,000

-Fixed rate: 25% annual

-Term: 24 months

-Monthly fixed fee: 1,067,430 (for the maximum amount)

-Requirements: Not be registered in the Central Bank Debtors Center (CENDEU) as of December 2023.

Benefits

-Competitive rate: access an interest rate lower than the market thanks to your clean credit history.

-Predictable installments: plan your finances with fixed installments throughout the entire term of the loan.

-Agility in management: make the request through home banking or at your nearest branch and get the money in your account in 24 hours.

How to order it step by step?

  • Verify your eligibility by checking your situation in CENDEU.
  • Start the application through home banking or go to a Banco Provincia branch.
  • Present the required documentation.
  • If approved, the amount will be credited to your account within a maximum period of 24 hours.

What 0km car can you buy with $20 million?

With the credit of up to $20,000,000 and your savings, you could buy one of these 0km car models:

-Toyota Yaris: from $19,326,000

-Citroën C3: from $19,227,600

-Chevrolet Joy: from $20,158,900

-Fiat Cronos: from $20,886,000

The car sales sector, very complicated

There was also recorded a sharp drop in car sales in the first half of the year, which even led six terminals to stop their production all week.

The decision to paralyze the plants It was combined with holidays, because there will be no production throughout the week. In the first factory that this decision was made was in Santa Isabel, Córdoba, where vehicles for Renault and Nissan are produced. The suspension is related to the adaptation of production to the current level of demand, Ambito.com reported.

Besides, Renault analyzes reducing the two production shifts from 8 to 6 hours starting in July, which would be replicated at Nissan, which manufactures in a single shift. Toyota – the country’s main manufacturer – will also not produce vehicles all week.

The Japanese terminal has just concluded a voluntary retirement plan, as a consequence of the drop in exports to Chile, Colombia, Ecuador and Peru, markets that are also experiencing declining sales. According to Toyota, part of the slowdown in production was due to the delay in the arrival of ships with imported parts.

In the case of Fiat, it also suspends production all week due to problems with the arrival of parts from Brazil, such as the steering box. In Córdoba there would be a large number of unfinished Cronos units due to this problem. In Brazil, a similar situation would be repeated in thousands of units of a model that shares this part.

General Motors, in Santa Fe, also suspends activity all week. This terminal comes from personnel layoffs and is adjusting production to current demand. Adding to this scenario of paralysis is the Mercedes-Benz Van division, in Virrey del Pino, La Matanza district. In this case the company is carrying out a reform in the paint plant.

 
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