Banco de la Nación provides loans up to S/100,000 with low rates and greater payment term: the requirements

The Bank of the Nation (BN) extended up to 72 months (6 years) the deadline for the payment of Multired loans with the objective that public sector workers can access a credit with low interest and more time for cancellation.

In detail, said loan It reaches amounts of up to S/99,999 to public servants who receive their assets through the state financial entity and provide users with various facilities such as, for example, the possibility of accessing financing no need for guarantee (according to credit evaluation).

In addition, it has a grace period in April and December, and offers one of the lowest interest rates on the market, as well as a rate Annual Effective Cost (TCEA)from 14.61%.

For example, according to data from the Superintendence of Banking, Insurance and AFP (SBS), for a Consumer loan of S/5,000 to a period of 12 months, the minimum TCEA in all entities of the Financial system It is 37% and the maximum climb up to 125%.

The bank details that customers can request a new credit paying 5% of the current loan, an option for those who want to restructure their debts or start new projects.

The 72 -month period will only be in force until December 27, 2025 and apply only to customers appointed or hired indeterminate term.

Bank of the Nation: Requirements for the loan

The Bank of the Nation informs that the requirement is to be Public sector worker or pensionerreceive income at the Bank of the Nation, and present some documents such as DNI or foreigner card, along with the last payment ballot (with a maximum age of four months) and the BN debit card.

For workers of the CAS regimethere are additional requirements that can be consulted directly in the Bank’s digital agencies or channels (see here).

In this way, the Bank of the Nation maintains a varied offer of credit products for state employees and pensioners of the Office of Pension Standardization (ONP).