La Derecha Diario Córdoba: more details provided about Nación's loans for purchasing new cars
The credit institution provided information about the requirements that clients must meet
Inquiries are pouring in at Córdoba following the announcement by Banco Nación to launch loans of up to 100 million pesos (220,462 pounds) for the purchase of used and new cars.
The banking institution issued a statement with various warnings for customers.
"If you're going to buy a car with Banco Nación's loan, the dealership can't charge you commissions or loan management fees," it stated.
It also warned that "any attempt to apply charges outside the official operation doesn't correspond to Banco Nación's actions. For this reason, we reiterate that our institution doesn't pass costs on to the customer or charge commissions to dealerships."
It also reminded that since this is a personal loan, the user is free to handle the registration on their own, at the motor vehicle registry of their choice.
For all these reasons, any attempt to impose conditions is not endorsed by Banco Nación and will be subject to intervention if abuses are detected.
Banco Nación's loan for car purchases
It is worth noting that under Javier Milei's government, Argentina no longer has the most expensive cars in South America.
In Córdoba, Montironi is one of the dealerships where the loan can be processed.
Regarding the BNA loan, the fixed nominal annual rate is 38% and the term is up to 72 months.
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