Payroll discount loan at Banco de la Nación: what are the requirements and when can I access it?

Many Peruvians resort to loans to pay their outstanding debts, start a new business or buy a property. In the case of public sector workers and pensioners, they have the possibility of accessing credits offered by the Banco de la Nación with attractive interest rates and prior credit evaluation.

In the following note from La República, review all the benefits of the payroll discount loan, from when it can be accessed and the requirements to obtain a loan of up to S/50,000 with the ease of paying it in 60 installments. Pay attention!

What is the payroll discount loan from Banco de la Nación?

A payroll discount loan from Banco de la Nación is a cash credit that allows you to have amounts between S/300 and S/50,000, which can be paid in fixed monthly installments through your salary or pension payroll. . Along these lines, one of its main benefits is that it allows you to consolidate your credit card debts or cancel consumer loans that you may have with other entities in the financial system.

BN payroll discount loan: what are its characteristics?

State workers and pensioners who receive their monthly income at the Banco de la Nación can access the payroll discount loan in terms of up to 60 months, depending on credit evaluation and age. Below, we show you its main features:

• Loan amount: from S/300 to S/50,000
• Fixed annual effective rate (TEA): 8.90%.
• Annual effective cost rate (ACER): from 10.47%
• Each installment contains the interest generated, the commission for contributions and the amortization of the borrowed capital.

Banco de la Nación: since when can you access the payroll discount loan?

If you want to obtain a payroll discount loan from S/300 to S/50,000, you have to consider the amount and terms according to the age limit:

• From 78 years and older: S/3,000 in a period of up to 24 months
• Until one day before turning 78: S/19,000 in a period of up to 24 months
• Until one day before turning 77: S/19,000 in a period of up to 36 months
• Until one day before turning 76: S/19,000 in a period of up to 48 months
• Until one day before turning 75: S/19,000 in a period of up to 60 months
• Until the day they turn 60: S/50,000 in a period of up to 60 months.

What are the requirements to access the loan of up to S/50,000 at Banco de la Nación?

If you want to apply for the payroll discount loan from Banco de la Nación, you must present these documents:

• MultiRed debit card from Banco de la Nación.
• DNI or immigration card, either the original and the copy.
• Original and copy of the last pay slip (for worker or pensioner), no older than four months.
• In relation to CAS workers who have entered to work at the entity from 03/10/2021 onwards, they must present the latest original contract or addendum(s) or certified copy(s), which proves that the worker has been in the institution for at least 13 months.

Likewise, you must present documents that verify the debt to be settled:

• Present the last or current credit card statement, formally issued by the financial institution.
• In the case of freely available consumer loans, the debt settlement must be submitted, which must contain the total balance of the debt, customer information and contract or credit number.

BN payroll discount loan: how to apply for it?

• Go to the Banco de la Nación agency closest to your home.
• Deliver the requested requirements to the bank’s customer service personnel to carry out the credit evaluation.
• If your application is approved, the amount It will be disbursed into your savings account at Banco de la Nación. Remember that you must sign a list of contractual documents.