Loan to purchase debts from Banco de la Nación: up to how much to request and what are the requirements?

The Banco de la Nación offers all its clients the opportunity to pay their debts with the different banking entities within a deadline of 60 installments. This will depend on the evaluation you have, according to the data from the Risk Center of the Superintendence of Banking, Insurance and AFP (SBS), whether as ‘normal’ or with ‘potential problems’.

In this note, learn about the benefits and how you can request this debt purchase by Banco de la Nación, according to the financial institution’s website.

How much is the maximum amount that the debt purchase loan allows you?

According to the Banco de la Nación web portal, you can obtain up to S/50,000 in the debt purchase loan to pay off your financial obligations.

What are the benefits of the debt purchase loan from Banco de la Nación?

According to the Banco de la Nación website, these are the benefits

• Fixed annual effective rate (TEA) of 9.90% and an annual effective cost rate (TCEA) from 11.48%.
• Term: 60 installments maximum. In addition, there is the option of full or partial advance payment.
• The debt can be canceled through electronic transfer or by issuing a cashier’s check from Banco de la Nación.

What are the requirements to access the debt purchase loan?

Find out what you need to obtain this loan, according to the Banco de la Nación website:

• MultiRed debit card
• DNI or immigration card, original and copy
• Last pay slip of the worker or pensioner (original and copy) no more than four months old
• If you are a worker and your entry date is after 03/10/2021, you must also present your latest original contract and its certified copy. These must prove a minimum work seniority of 13 months
• Documents that certify the monthly fee that you pay so that it is included in the evaluation of payment capacity.

How to request this loan from Banco de la Nación?

These are the steps to follow to access the loan:

• Go to the Banco de la Nación closest to your home
• Submit the required documents to the bank staff to go through the credit evaluation
• If the response is favorable, the amount will be disbursed to your savings account and Banco de la Nación will begin the debt payment process by electronic transfer or cashier’s checks.