In Argentina, there are various types of loansand among them, there are some that have a very low interest rate, below inflation, so that it is possible to cushion it with a Fixed Term and that the interest is zero.
But who can access these credits and how can they do it? Here we tell you the details!
interest-free loans
Currently there are two loans with very low interest, one is offered by the National Social Security Administration (ANSES) and is especially intended for retirees and pensioners. The second is a loan offered by Banco Ciudad para Estudiantes.
ANSES loan
Through ANSES you can request a loan of up to $240,000 and repay it in 24, 36 or 48 installments.
The loan fee cannot exceed 30% of the beneficiary’s monthly income.
Regarding the Annual Nominal Rate (TNA) it is only 29%, which with expenses and insurance, amounts to 37%, in the event that the highest amount is requested.
People who can apply for the ANSES loan
Those who can apply for credit from the pension agency are the following groups:
- Retirements and pensions
- Universal Pension for the Elderly or Non-Contributory Pension for Old Age
- Non-contributory pension Mother of 7 daughters and sons
- Non-contributory pension for disability
- Reparation Regime Pensions for former Political Prisoners
- Honorary Pension for War Veterans
related note: ANSES: New increase for retirees in June How much will the increase be?
ANSES loan requirements
The ANSES loan requirements are as follows:
- Be less than 92 years old at the time of finalizing the credit.
- Reside in the country.
On the other hand, you have to present your DNI and your bank account CBU at the time of making the request.
How do you apply for the credit?
You can process the credit at an ANSES office on duty, or you can do it through the online platform by following these steps:
- Access to ANSES Credits
- In the menu, I chose the option ANSES Credits > Request credit > Retirements and Pensions. If you have more than one benefit, you must select which one you want to request the credit for.
- Complete your application
- Simulate your credit and choose the term and amount you prefer. Once all your data is verified, you can send the request.
If you are approved for credit, it will be deposited into your bank account within 5 business days.
Bank City Credit
Regarding the credit of Banco Ciudad, this loan is for students and is up to $2,000,000 with a TNA of 29%, which amounts to 35% with expenses and insurance.
This procedure is carried out online, completing a form and waiting for the communication from a representative of the entity.
Student Credit Requirements
To access this credit, the student must be over 18 years of age and must not owe installments on another loan.
On the other hand, understanding that they are students and do not have income to pay the fees, they must have a “guarantor”, it can be a parent who agrees to pay their child’s fees.
How to apply for a loan from Banco Ciudad?
Finally, to request this credit, you must access the Banco Ciudad page and enter the “Students” section. In that section you will be able to start the loan application.
2023-05-05 23:20:06
#Interestfree #loans #request
