These are the 4 loans offered by the Banco de la Nación: how to access them in May?

The celebration of Mother’s Day is approaching and many people are looking for financing to buy a well-deserved gift for their mothers. In addition to this, it is always a good alternative to acquire a home, start a business, pay off outstanding debts or have liquidity to face the complex economic situation in Peru.

With the aim of giving alternatives to its users, Banco de la Nación has four types of credit to cover expenses or make investments in the short and long term: MultiRed loan, payroll discount, debt purchase and for the payment of studies . Below, review the requirements, interest rates and the procedure to apply for them in May.

These are the 4 loans offered by the Banco de la Nación

According to its official website, the Banco de la Nación offers four loans that are aimed at public sector workers and pensioners who receive their income in said State entity:

Classic MultiRed and/or agreements

From time to time, the Banco de la Nación launches a loan campaign that ranges from S/300 to almost S/100,000. Within the framework of Mother’s Day, public sector workers and pensioners will be able to request their MultiRed loan with a annual effective cost rate of 11.58% that will be in effect from April 30 to Wednesday, May 15. Likewise, they can access terms of up to 60 months, according to a prior credit evaluation:

Requirements:

1. Have a debit card from Banco de la Nación.
2. Have a savings account at Banco de la Nación and be subject to credit evaluation.
3. Present your ID or copy of your immigration card.
4. Be a customer who requests a loan for the first time, who has canceled this credit before the start of the campaign and who has made the payment of his last installment during the validity of the campaign.
5. Show the original and the copy of the last payment slip, the maximum accepted age of which is 4 months.
6. Have a normal rating, not defined or not reported’ in the risk center of the Superintendence of Banking and Insurance.
7. In the case of CAS workers, whose date of employment is March 10, 2021 onwards, they must demonstrate a minimum seniority of 13 months. To do this, they must present their latest original contract, addendum or certified copy of them.
8. In the case of CAS workers, whose entry date is prior to March 10, 2021, they will not be able to demand this requirement.

Credit card debt purchase loan

This credit offered by Banco de la Nación is aimed at those users who obtain a normal rating and who have possible financial problems at the Risk Center of the Superintendence of Banking and Insurance. Likewise, the amount to be requested can reach up to S/50,000 in a maximum period of up to 60 months, according to the respective credit evaluation. Finally, The Annual Effective Rate (TEA) is set at 9.90% and the Annual Effective Cost Rate (TCEA) is 11.48%.

Check the requirements to access:

1. Have a debit card MultiRed.
2. Present your ID or immigration card, both the original and a copy.
3. Show the original and a copy of the last pay slip (for a worker or pensioner), no older than four months.
4. In the case of CAS workers who have started working at the entity from 03/10/2021 onwards, they must present the latest original contract, and/or addendum(s) or certified copy(s), that proves that the worker has been in the institution for at least 13 months.
5. Present the documents that support the monthly fee that is paid, so that it is included in the evaluation of the payment capacity and its transfer.

Student loan

This loan offered by Banco de la Nación to its clients gives them the possibility of having financial support to access specialization programs with a technical level, undergraduate and postgraduate training studies, doctorates and other expenses associated with obtaining a master’s degree. , among other options. In this sense, users will be able to finance from 20% or a minimum of S/300 to 100% of the total cost of the selected educational program. Finally, the TEA is set at 10% and the TCEA is set at 11.58%.

Requirements:

1. Have a MultiRed Debit card from Banco de la Nación (affiliated with VISA).
2. Introduce ID or immigration card, both the original and the copy.
3. Present the latest payment receipt (no more than four months old) whether original, copy and, if applicable, virtual.
4. ‘Pre-Registration’ format issued by the Educational Institution, duly endorsed.
5. For CAS workers, whose date of employment is from 03/10/2021 onwards, they must demonstrate minimum work seniority of 13 months, additionally presenting their last original contract and/or addendum(s) or certified copy(s). thereof.
6. In the case of CAS workers, whose date of employment is prior to 03/10/2021, the aforementioned requirement will not be required.

Payroll discount loan

This financial product from Banco de la Nación makes it easier for public sector workers and pensioners to access credit with a direct discount on their salary. In this sense, clients can request amounts between S/300 and S/50,000 and repayment can be made in fixed monthly installments, according to a credit evaluation.

Let us remember that one of its main benefits is to consolidate credit card debts or pay consumer loans that can be had with other institutions. It is worth mentioning that the TEA is 8.90% and the Annual Effective Cost Rate ranges from 10.47%.

Requirements to access:

1. Possess a MultiRed debit card issued by Banco de la Nación.
2. Show your DNI or immigration card (original and copy).
3. The most recent pay slip must be shown—applicable to both workers and pensioners—not older than four months (original and copy).
4. Employees under the CAS regime who began working at the entity as of 03/10/2021 must provide their most recent contract in its original form, addendums and/or certified copies that verify a minimum stay of 13 months at the institution.
5. Have the documents supporting the debts that you wish to settle or unify (original and copy).
6. Present the latest or most recent credit card account statement, provided by the corresponding financial institution.
7. For freely available consumer loans, it is mandatory to present proof of debt settlement containing details such as the total outstanding balance, customer information and the contract or credit number.