Peru’s Banco de la Nación Launches New Loan Campaign with Competitive Rates and Flexibility

Peru’s Banco de la Nación (BN) officially unveiled its third loan campaign. The bank will offer credits from 300 to 100,000 soles with competitive financial market rates, whose payment terms will have a flexibility of up to 60 months. In addition, it should be noted that for this opportunity there will be a promotional interest rate.

The Manager of Product and Financial Inclusion of Banco de la Nación, Cecilia Ariasdeclared for TV Peru that the economic loans will be available only until September 18, 2023. Next, we will tell you what are the requirements that must be met to apply for loans from Banco de la Nación.

¿How can I access Banco de la Nación loans??

The representative of the BN informed that the Multired credits will be aimed at retirees and public employees appointed and hired, who have their money in the mentioned bank.

“The loan can reach up to S/100,000, but it will depend on the payment capacity of these people, that is, the remuneration received by each public employee”Arias said.

¿What are the benefits of the new lending campaign of Banco de la Nación?

According to collect infobaethe third loan campaign of Banco de la Nación will have a promotional rate of 10% in an Annual Effective Rate (TEA)while the Cost Effective Annual Rate (TCEA)which includes life insurance and other amounts, will have a rate of 11,58%. In both cases, the payment term will be up to 60 months. At this point, it is important to mention that unlike other private banks in the financial market, the interest rate offered by Banco de la Nación is up to five times less. For example, according to the SBS, the average TCEA at Interbank is 50.07%, while at Banco de Crédito del Perú (BCP) it is 89.97%.

On the other hand, the BN official highlighted the benefits that Banco de la Nación offers to interested public servants and retirees:

• Advisory level: the advisors will be perfectly trained to explain the characteristics of each loan.
• Quick availability: Within a maximum period of 20 minutes, a citizen will have the money from the financing disbursed in his account.
• Cost: the TEA will be 10%.

This year, Banco de Nación has already granted similar loans with these interest rates and the same flexible payment terms. Arias added that more than 40,000 public servants who live in the most remote areas of the country have already applied for this aid.

¿What requirements must be met by the person who wishes to apply for Banco de la Nación loans??

The main requirement to access the loan is to have a Multired Debit card and to have your original ID or a copy of your immigration card. Likewise, you must have the last original payment slip and a copy, or a virtual slip. This proof must be from the last 4 months.

CAS workers who have started their work since March 10, 2021, must prove a job seniority of at least 13 months. In addition, they must present their last original contract, addendum or certified copy of the aforementioned. If CAS workers have a date of entry prior to March 10, 2021, the indicated requirements will not be necessary.

It is important to specify that the loan applicant must have a “normal, undefined or unreported” rating in the Risk Center of the Superintendency of Banking and Insurance (SBS).