The Banco Nación launched a line of loans for new cars in collaboration with Volkswagen, with terms of up to 48 installments.
The financing includes differential rates depending on the term and whether the client receives their payments through BNA. It also establishes credit requirements.
Banco Nación launched a line of loans for new cars in collaboration with Volkswagen
How the Banco Nación loans for buying new cars work
The proposal is part of the +Autos con BNA program and allows financing for the purchase of new Volkswagen vehicles at participating official dealerships.
According to Banco Nación, the loans have terms ranging from 24 to 48 months and use the French amortization system.
The institution indicated that the granting is subject to credit evaluation, approval, and corresponding documentation.
How are the loans from Banco Nación for buying new cars?
What are the rates for loans for new cars
The Annual Nominal Rate (TNA) varies depending on the chosen term and the client's situation with Banco Nación.
Up to 24 months: TNA of 27% for those who receive their payments through BNA and 37% for others.
From 30 to 48 months: TNA of 30% for those who deposit their salary in BNA and 40% for those who do not.
The loans for new cars apply to available Volkswagen models at official dealerships, with vehicles costing up to $60 million.
What are the rates for new car loans
How much can be requested and where to apply for the loan
The line establishes a maximum amount of up to $20 million for the purchase of Volkswagen vehicles, according to the conditions provided for the proposal.
The operation is managed directly at the participating official Volkswagen dealerships. There, interested parties can inquire about the included models and proceed with the application based on their credit profile.
Banco Nación also informed that clients can learn about the applicable conditions before starting the financing.
How much can be requested and where is the credit processed
An example of a payment for buying a new car
The online simulator +Autos from Banco Nación presents an example of financing for a person who receives their payments through the institution.
For a loan of $40 million over 48 installments, the simulator shows a monthly payment of $1,835,110.95. In this example, the TNA is 36% and the CFT TNA reaches 43.56%.
An example of a payment plan to buy a brand new car
To access this financing, the example establishes a net monthly income of $6,117,036.51.
