New Line of Credit for Private Home Workers: $150,000 Loan at 60% Fixed Rate

It has an amount of up to $150,000, a 36-month term and a fixed annual rate of 60%. The maximum fee is $9,065. Since August 1, it is available at all Banco Provincia branches.

The Buenos Aires public bank launched a new line of credit for workers in private homes with a special rate, fixed installments and a single signature. In addition, those who prefer can apply for a credit card instead of the loan.

6 questions and answers about the new Banco Provincia loan

1. Who can access?

Any person registered in AFIP under the Special Regime of the Work Contract for the Personnel of Private Houses. It is not necessary to be a client of the Bank to request it.

2. How are the loans?

The maximum amount is 150 thousand pesos, which is paid in 36 months. The monthly fee in this case is 9,065 pesos. The loan installment cannot affect more than 30% of the person’s monthly income. The minimum amount that can be requested is $50,000.

3. What is the interest rate?

The rate is 60% per year and is fixed. It does not change during the 36 months of the loan.

4. How do you apply and what documentation is needed?

The loan is processed in the branches. Those who are already customers can do so at the branch where they usually operate. It is important to remember that all users of the DNI Account digital wallet are clients of Banco Provincia and have a free savings account, which the application opened automatically. Those who still do not operate with the Bank can process the financing in the branch they want, they only have to present the National Identity Document.

5. How can I find out in which branch the savings bank associated with the DNI Account is located?

DNI Account users can easily find the branch where they have their savings account at: www.bancoprovincia.com.ar/web/trabajadoras_es

6. How to request the credit card instead of the loan?

Those who are in a position to obtain credit from the new line have the alternative of requesting a Visa credit card, just by presenting their ID. In this case, Banco Provincia offers: unified limit for purchases in one payment and in installments, subject to credit rating; Bonus for annual renewal and monthly maintenance of plastic; 40% refund, with a maximum of $6,000, on the first purchase in installments as a welcome gift.

More information in www.bancoprovincia.com.ar/Noticias