Banco de la Nación Argentina has announced a reduction in the interest rate for its “+Autos” personal loan line, aimed at making vehicle financing more accessible. The fixed nominal annual rate in pesos has been lowered to 38%, down from the previous 50%. According to the bank, this change positions “+Autos” as one of the most competitive options available and is expected to increase demand and make it easier for Argentinians to purchase both new and used vehicles.
The “+Autos” loan offers several features: it does not require collateral, is available to both customers and non-customers of Banco Nación, and can be managed entirely online with only a national ID at participating dealerships. Loans up to $100 million are available, covering up to 100% of the vehicle’s value including VAT. Repayment terms extend up to 72 months. The program finances new or used vehicles (up to ten years old), whether domestic or imported, including cars, pick-ups, and utility vehicles.
Additional benefits include instant account opening with a digital card and access to digital insurance quotes through Nación Seguros with exclusive discounts.
Banco Nación stated that these changes reinforce its commitment to providing accessible financial solutions and supporting growth in the automotive sector. Further details on the “+Autos” loan are available at https://www.bna.com.ar/Home/MasAutos.
“A partir de hoy, la TNA fija en pesos es del 38%, disminuyendo en 12 puntos porcentuales respecto a la anterior (50%), actualización que convierte a ‘+Autos’ en una de las opciones más competitivas del mercado, impulsando la demanda y facilitando la adquisición de vehículos para miles de argentinos.”
Concluding its announcement, Banco Nación emphasized its ongoing role in offering practical financial products tailored for Argentine consumers.
