The Banco de la Nación announced an improvement in its interest rates for mortgage loans, especially in the form of debt transfer. This measure seeks to provide financial relief to public sector workers and pensioners, allowing them to access better conditions for the acquisition of householdsThe new rates are presented as an attractive option for those who wish to improve their credit conditions and achieve the dream of owning a home.
This update in interest rates not only offers repayment terms of up to 25 years, but also allows beneficiaries to make double payments in July and December. In addition, the National bank provides advice so that clients can have 25% of their investment fund available AFP as a supplement to the initial fee.
Banco de la Nación Interest Rate: What is the new interest rate?
The new interest rate announced by the Banco de la Nación for mortgage credit represents a change focused on alleviating the financial burden of its users. Annual Effective Cost Rate (AER) now starts in 7.62%offering an opportunity for public sector workers and pensioners to access more affordable financing. This rate is especially beneficial for those interested in the debt transfer option, allowing them to consolidate their debts into a single loan with better conditions.
The reduction of the interest rate is presented as an opportunity to encourage acquisition housing, facilitating access to financing with more favorable conditions. Banco de la Nación has designed this financial product thinking about the needs of its clients, providing options for flexible payment and personalized advice to optimize the use of available resources, including the possibility of using 25% of the AFP fund for the initial fee.
Who can access the loans and benefits of Banco de la Nación?
Mortgage loans with the new interest rate of the Banco de la Nación are aimed exclusively at workers and pensioners of the public sector who receive their salaries or pensions through the institution.
To access these benefits, interested parties must go to any of the Banco de la Nación branches or communicate through the enabled channels, such as the email micreditohipotecario@bn.com.pe or WhatsApp 943277176. In addition, the bank offers personalized advice so that applicants can better understand the credit conditions and optimize their financial planning. This comprehensive approach allows clients to make informed decisions and take full advantage of the mortgage credit offered.
What is the Annual Effective Cost Rate?
The Annual Effective Rate (AER)) is an important indicator in the evaluation of credits, since it reflects the total cost of financing, including interest, commissions and other associated expenses. In the case of the new mortgage loan from Banco de la Nación, an APR of 7.62% means that clients can benefit from a competitive rate which makes paying off debts and buying homes more accessible.
The implementation of a APR Favorable mortgage credit allows beneficiaries to better plan their payments and reduce the financial burden long-term. For example, for a loan of S/ 360,000.00 in the form of debt transfer for 25 years, the approximate monthly payment would be S/ 2,650. This payment structure, combined with the possibility of making additional payments in July and December, provides greater flexibility and control over personal finances.
Source: Larepublica
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