Banco Nación launched a loan to buy motorcycles in up to 36 installments

Banco Nación, through its platform A mobile nation and the BNA+ Shopoffers a unique opportunity for those interested in construction vehicles 0 km. This personal loan service allows you to finance up to 100% of the vehicle’s retail value, including accessories if applicable, with a maximum limit of $25,000,000.

How to start the application

To access this loan, interested parties can visit the specific location of BNA Mobile in the BNA+ Shop, where you can choose the vehicle of your choice, request the loan, find out the amount available immediately and reserve the vehicle. Then, they must go to the selected branch, coordinate with the dealer the steps to follow and, finally, pick up the vehicle.

The process can also be started by filling in a form available on the platform. This loan is subject to the terms of Banco Nación’s license and is part of its Consumer Portfolio.

Loan Features

• Eligible Users: Human beings who meet the requirements to be bound by contract.
• Destination: The loan is intended to acquire 0 km vehicles, such as motorcycles, skateboards and electric bicycles, among others. It is also possible to buy money for accessories, such as clothes and helmets, as long as they are bought together with the vehicle.
• Money: Argentine Pesos.
• Term and Amortization: The term is one 36 months, with amortization in monthly installments, equal and continuous, calculated using the French system, without a grace period.

Interest rate and finance charge

The interest rate varies depending on the client’s situation:

For customers who understand that the retirement in the Bank, or that adheres to the loan installment debt on a Credit Card issued by Banco Nación:

• Fixed Nominal Annual Rate (TNA) of 37%.
• Annual Effective Rate (TEA) of 43.97%.
• Total Financial Cost (CFT) expressed in TNA of 47.77% and in TEA of 55.21%.

For open wallet clients who do not owe the fee on a Credit Card issued by Banco Nación:

• Fixed Annual Nominal Rate (TNA) of 87%.
• Annual Effective Rate (TEA) of 131.62%.
• Total Financial Cost (CFT) expressed in TNA of 105.28% and in TEA of 174.33%.

Requirements and conditions

Income Impact:

• For clients who receive a salary or retirement in the Banco: up to 35% of net income.
• For clients who do not receive their salaries or pensions in the Bank: up to 30% of net income.
• Maintenance charges: No charge to the savings bank.
• Vehicle insurance: An insurance contract through Nación Seguros will be offered, without being obliged to accept it.
• Guarantee: With one signature, with the signing of a promissory note in favor of the Bank for the total amount of the approved credit.