Get your loan of up to S/99,999 at Banco de la Nación for the New Year without endorsement or guarantor

The Banco de la Nación has launched a new lending initiative called MultiNetwork, which is intended for public sector employees and pensioners. In the midst of the end-of-year festivities and in a complicated economic context in the country, many Peruvian citizens are looking for additional financial resources to meet their expenses.

According to the government entity, those interested have the possibility of obtaining cash loans ranging between S/300 and S/99,999. In addition, they are allowed access to terms of up to 60 months without the need for collateral or guarantor, subject to a prior credit evaluation. Below we offer you information on how to request this special offer from Multired Loan for the end of the year 2023as well as details on the Annual Effective Cost Rate offered.

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.

Requirements to obtain a loan from Banco de la Nación

MultiRed loans from this entity are available for any purpose, and to access this financial assistance, you must be an active or retired employee of the public sector, and your salary must be received through this bank. Additionally, if you are interested in requesting a loan of up to S/99,999, it is necessary to meet the following requirements and consider the following aspects:

1. Be a client requesting a loan for the first time, having paid off previous loans before the start of the campaign and having made the payment of the last installment during its validity.
2. Have a savings account at Banco de la Nación and be subject to a credit evaluation.
3. Have a rating in the risk center of the Superintendency of Banking and Insurance that is “normal”, “not defined” or “not reported”.
4. For CAS workers with a job entry date from 03/10/2021 onwards, it is required to demonstrate a minimum length of service of 13 months, presenting the latest original contract, addendum or copy. If the CAS worker’s employment income is prior to 03/10/2021, this requirement will not be applicable.

It is important to note that the campaign will be valid from November 15 to December 31, 2023.

This is the promotional rate of 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).

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

If you have met the necessary requirements, you can start the process to request the MultiRed loan at Banco de la Nación. To do this, the bank’s staff will evaluate you through a message on WhatsApp or other service channels. It is important that you keep in mind that you must present the following documents:

1. Multired debit card.
2. Original DNI or copy of the immigration card.
3. Original or copy of the last payment receipt, no more than four months old.