Banco de la Nación offers 4 types of loans of up to almost S/100,000: this is how you can apply for them

He National bank offers four loan options designed to meet the diverse financial needs of public sector workers and retirees. Ranging from student financing to debt consolidation, these loans provide affordable solutions for those seeking economic stability or short- and long-term investments.

Available financial products include: loan MultiRed classic and/or covenant loans, student loans, debt purchase loans and payroll discount loans. Below are the characteristics and requirements for each, as well as the process for applying for these loans.

What are the 4 credits offered by Banco de la Nación?

Classic MultiRed and/or agreements

This freely available loan is designed for public sector employees and retirees. It offers amounts ranging from S/300 to S/99,999, with a repayment period that can extend up to 60 months, depending on a credit assessment. You can request grace periods in April and December and it does not require a guarantor.

Requirements:

• MultiRed Debit Card.
• Original ID or foreigner’s card.
• Latest pay slip no more than 4 months old.
• CAS workers must demonstrate 13 months of seniority by presenting the original contract and/or addenda.
• Rating “Normal, Not defined or Not reported” in the Risk Center of the SBS.

Student Loan

This loan is intended to finance educational programs such as technical specialization courses, undergraduate, graduate and doctoral degrees. Beneficiaries can finance from 20% to 100% of the cost of the educational program. The loan covers enrollment, tuition and administrative procedures.

Requirements:

• MultiRed Debit Card.
• Original ID or foreigner’s card.
• Latest pay slip no more than 4 months old.
• CAS workers must demonstrate 13 months of seniority by presenting the original contract and addenda.
• Pre-registration form approved by the educational institution.

Loan Debt Purchase

This loan is aimed at users with a normal rating or with financial problems, according to the SBS risk center. It allows a repayment period of up to 60 months and amounts of up to S/50,000. This is an ideal loan to consolidate credit card debts.

Requirements:

• MultiRed Debit Card.
• Original ID or foreigner’s card.
• Latest pay slip no more than 4 months old.
• CAS workers must demonstrate 13 months of seniority by presenting the original contract and addenda.
• Documents supporting the monthly fee to be paid.

Payroll Discount Loan

This loan offers access to credits with direct salary deductions. The amounts vary between S/300 and S/50,000, with repayment in fixed monthly installments.

Requirements:

• MultiRed Debit Card.
• Original ID or foreigner’s card.
• Latest pay slip no more than 4 months old.
• CAS workers must demonstrate 13 months of seniority by presenting the original contract and addenda.
• Supporting documentation for debts to be settled or consolidated, such as credit card statements and debt settlements.

How to apply for a loan?

• Contact the entity: Go to the Banco de la Nación branch closest to your home, whether in Metropolitan Lima or in the provinces, during the established business hours. In the case of the Multired loan, you must first write to WhatsApp 942 896 863 and check if the credit product is available to you. If that is the case, you can move on to the next stage.
• Pass the evaluation: Submit the requested requirements to the bank staff in order to pass the credit assessment. Based on the results, you will be able to access a loan with a certain amount and term.
• Receive the loan: If your application is approved, the amount will be disbursed directly into your savings account at Banco de la Nación.

What is the National Bank?

Banco de la Nación is a Peruvian public financial institution that offers banking services to public sector entities and citizens. Its objective is to support state management by paying pensions, social programs and payments to government suppliers. It manages public sector accounts, manages transfers and promotes financial inclusion, especially in areas without private banking.