Banco de la Nación: how to access the MultiRed loan and what is the promotional rate for Christmas?

The end of year holidays are approaching in the midst of a complicated economic situation that the country is going through and many Peruvians are looking for new financial resources to cover their expenses. Within this framework, Banco de la Nación offers MultiRed loans that are aimed at workers and pensioners in the public sector.

According to the state entity, interested parties can have said credit in cash, between S/300 and S/99,999, and access terms of up to 60 months without collateral or guarantor, according to a prior credit evaluation. Next, we invite you to learn how to request this Multired Loan promotion for Christmas and what the Annual Effective Cost Rate it offers is.

MultiRed Christmas Loan: what are the requirements?

MultiRed loans from Banco de la Nación are freely available and to access this financial aid you must be an active worker or pensioner in the public sector, as well as receive your remuneration from the banking entity. Additionally, if you want to request a loan of up to S/99,999, you need to meet the following requirements and take the following aspects into account:

• Be a customer who requests a loan for the first time, who has paid it before the start of the campaign and who has made the payment of the last installment during its validity.
• Have a savings account at Banco de la Nación and be subject to credit evaluation.
• Have a “normal, not defined or not reported” rating in the risk center of the Superintendence of Banking and Insurance.
• In the case of CAS workers, whose date of entry into employment is from 03/10/2021 onwards, they must demonstrate a minimum work seniority of 13 months. To do this, they must present their latest original contract, addendum or copy. If a CAS worker has a job entry date prior to 03/10/2021, he will not be able to demand this requirement.
• The validity of the Christmas campaign lasts from November 15 to December 31, 2023.

What is the promotional rate for the Multired loan?

According to the Banco de la Nación website, for this Christmas campaign an Annual Effective Cost Rate of 11.58% is offered, which is calculated considering an Annual Effective Rate of 10% for a loan of S/16,000 to a term of 60 months, whose monthly payment would be S/349.54 (considering November 15 as the disbursement date).

MultiRed Loan: what are its benefits?

• It is a freely available loan.
• It is aimed at public sector workers or pensioners, who receive their monthly income in the Banco de la Nación.
• You can access payment terms of up to 60 months.
• The promotional CAGR is 11.58%.
• The regular TEA starts at 14.49% and the promotional TEA of 10% is valid from November 15 to December 31.
• You can access more information about rates and commissions HERE.

How to access the MultiRed loan from Banco de la Nación?

If you met the prerequisites, you can begin the application process for the MultiRed loan at Banco de la Nación. To do this, the staff of said bank will evaluate you by sending a message via WhatsApp or their other service channels. Please note that you must present the following documents that we list below:

• Multired debit card
• Original DNI or copy of the immigration card
• Original or copy of the last payment receipt, the maximum age of which is accepted is four months.