Promote Access to Higher Education with the National Bank’s Innovative Loan Offering 100,000 Soles

In an effort to promote access to higher education, the National bank has launched an innovative loan that opens doors to academic opportunities. With a significant sum of 100 thousand soles, this loan not only encourages the completion of studies, but also stands as substantial financial support for those seeking to advance their educational careers.

But how can you access this valuable financial tool? Below, we explore the key steps to make the most of this educational loan and turn academic dreams into a financial reality.

HOW TO ACCESS THE LOAN FROM THE BANK OF THE NATION WHICH OFFERS 100 THOUSAND SOLS FOR STUDIES

It is important to highlight that the advantages of the student loan are not limited exclusively to the holder, whether a State worker or a pensioner. This credit has the notable flexibility of being able to be used to cover the educational costs not only of the applicant, but also of their children, grandchildren, siblings and spouse.

This breadth of coverage provides the possibility of extending the benefits of educational financing to loved ones, thus consolidating the financial institution’s comprehensive support for the education of multiple family members.

REQUIREMENTS TO ACCESS THE LOAN FROM THE BANK OF THE NATION WHICH OFFERS 100 THOUSAND SOLES

As can be seen on the official platforms of the Banco de la Nación, these are the requirements that must be met to access this benefit:

• MultiRed Debit Card (affiliated with VISA).
• Original DNI, or immigration card, original or copy.
• Original, copy or virtual receipt of the last payment receipt, whose maximum age must be 4 months.
• “Pre-enrollment” format issued by the educational institution, duly endorsed.
• For CAS workers who have a job entry date of 03/10/2021 onwards, they must demonstrate minimum work seniority of 13 months, also presenting their last original contract (or addendum or certified copy of it). For CAS workers who have a job entry date prior to 03/10/2021, the above will not be required.

WHAT IS THE LOAN FROM THE NATIONAL BANK WHAT DOES IT OFFER 100 THOUSAND SOLS FOR STUDIES?

The student loan offered by Banco de la Nación emerges as an accessible option for those workers or pensioners linked to the public sector who receive their monthly income through this financial entity.

This loan, designed to support education, is presented as a financing alternative available at all times, allowing interested parties to access the funds necessary for their studies in a timely manner.

It should be taken into account that:

• You can request it for a maximum of S/100,000, subject to evaluation according to the client, their age and the term
• You can pay it up to 60 months
• It has a fixed TEA (annual effective rate) of 10%.

Likewise, you should not lose sight of:

• If you are 78 years or older, you can take out a loan of a maximum of S/3,000 to pay it in up to 24 months.
• If you are not yet 78 years old, even if there is only one day left, you can request the loan for S/19,000, and pay it in up to 24 months
• Likewise, one day before turning 77, this can also be S/19,000, but you can have up to 36 months to pay it.
• Until one day before turning 76, the amount is the same as the previous one (S/19,000), but you can pay it up to 48 months
• Between 60 and up to one day before turning 75, you can request S/19,000 to pay them in 60 months
• Between 18 years old, until the day before turning 60, you can have a loan of S/100,000 to pay it in up to 60 months.

WHAT IS THE NATIONAL BANK

The Banco de la Nación is a state financial institution of Peru, which plays a fundamental role in the country’s financial system. This institution operates under the supervision of the Ministry of Economy and Finance of Peru. Its main objective is to promote financial inclusion and facilitate access to banking services throughout the entire Peruvian territory, including rural and remote areas.

Banco de la Nación offers a wide range of financial services, such as savings accounts, loans, electronic banking services and government services, such as the payment of pensions and social benefits. In addition, it plays a crucial role in the management of public funds and the administration of financial resources of the central government.