Personal loans for retirees and interest rates in May: how to process them and which entities can be accessed

In most cases, it is financing in fixed monthly installmentsdesigned to cover personal expenses, make important purchases or tackle different projects.

The entity offers loans for retirees, pensioners and retirees who receive their salaries in BNA. However, this credit does not include beneficiaries of non-contributory or welfare pensions, even if they are settled by ANSeS.

Allows you to request from $100,000 to a maximum of $50,000,000, with a return period of up to 72 months. However, the amount will depend on how much you charge per month, because the fee cannot take more than 35% of your net income, according to established rules.

The management can be done online through the BNA+ app, and the installments are automatically deducted from the savings account, under the French amortization system.

The annual nominal rate (TNA) is 55%, the annual effective rate (TEA) reaches 71.28%, while the total financial cost (CFT) is located at 66.55% in its annual nominal version and reaches 91.12% in annual effective terms.

BBVA offers personal loans intended for retired clients of the entitywith fixed installments under the French amortization system. This means that the value of each installment remains constant throughout the repayment period, allowing for greater predictability when arranging payments.

Regarding the amounts available, the Financing starts at $10,000 and can reach up to $40,000,000, according to the conditions of each applicant. Regarding rates, the operation has an Annual Nominal Rate (TNA) of 70% and an Annual Effective Rate (TEA) of 97.46%.

Banco Ciudad offers personal loans for retirees with different conditions depending on the relationship they maintain with the entity. Those who collect their salaries through the bank can access a financing of up to $40,000,000, with fixed monthly installments, a maximum repayment period of 72 months and an Annual Nominal Rate (TNA) of 65%.

In the case of retirees who are clients of the bank, but do not receive their salaries there, the maximum amount available is $20,000,000, also with fixed monthly installments, a term of up to 72 months and an APR of 87%. For their part, those who are not clients of the entity may request up to $10,000,000, with a Total Financial Cost (CFT) with VAT of 174.30%.

The entity clarifies that both access to credit and the final contracting conditions are subject to credit evaluation and the bank’s current policies.

Banco Provincia has different lines of personal loans for retirees, with conditions that vary depending on whether or not they receive their salaries through the entity.

Those who collect their retirement from the bank can access amounts up to $50,000,000, with a maximum repayment period of 36 months and an Annual Nominal Rate Due (TNAV) of 99.10%.

For their part, those who do not prove their salaries in the entity can request up to $3,000,000with a payment term of up to 24 months and a fixed Annual Nominal Rate Due (TNAV) of 106.80%.

The procedure can be managed digitally through BIP home banking, the BIP Mobile app (with Security Token) or through a DNI Account. In addition, those who prefer it can also do it in person at a branch.