he National Bank of Argentina (BNA) announced updates to the terms and conditions of its personal loan “+Autos” for the purpose of financing new and used cars. The measures include a significant reduction in the annual nominal interest rate (TNA) and an expansion of benefits available to business customers and non-customers.
With this change, the fixed TNA in pesos will be: 38%means a decrease in 12 percentage points compared to 50% previously. The changes aim to improve access to car financing and strengthen demand in this sector, which is one of the sectors with the greatest impact on national economic activity.
“+Autos” credit remains under modality won’t promisewhich means the loan is approved single signaturewithout the need for an actual warranty on the purchased vehicle. It is available to both existing Banco Nación customers and those who are not yet customers.
You will be able to complete the application procedure 100% digitalonly present a National Identity Card (DNI) at any of the concessionaires participating in the program. This method simplifies the administrative process, speeds up credit approval, and can be used to purchase both new and used units.
When the loanable amount reaches the upper limit 100 million dollarsmay cover Up to 100% of vehicle priceincluding VAT. Return period may be extended to 72 monthsThis allows you to distribute installments in a more accessible way over time.
Vehicles that can be financed with the “+Autos” program
The loan facility is cars, pickups, utility vehicleswhether you are from Domestic manufacturing or imported manufacturing. For used cars, you can get up to a vehicle loan. 10 years oldas long as it complies with the conditions set by the bank and participating concessionaires.
Credit also includes the possibility of: Digital car insurance quote/contract Through Nación Segros, you will receive exclusive benefits and discounts for those who manage their finances within the program. Additionally, this bank offers instant account opening. digital accounts and cardsmaking it easier for new users.
With the interest rate reduction, Banque Nation is seeking to: encourage car purchases In a context where financing has become a key element for the recovery of the automotive sector. The initiative also aims to facilitate banking access for new users by enabling access to complementary financial products and services during the credit process.
The “+Autos” line is part of a series of programs in which the state agency promotes investments by individuals and small and medium-sized enterprises, prioritizing credit tools with competitive rates and simplified processes.
How to apply for a loan
If you are interested, please visit the official website of Banco Nación (bna.com.ar/home/masautos) or at a participating retailer. This step includes uploading personal data, selecting a vehicle for financing, and verifying the necessary documents.
Once the application is approved, the funds will be deposited directly into the beneficiary’s account and can be immediately applied to the purchase of the chosen vehicle. For non-customers, account opening and digital card issuance occur at the same time as credit is granted.
Impact on the automotive market
Reducing interest rates from 50% to 38% is a direct incentive for consumers, lowering their monthly payments and increasing their purchasing power. The automotive sector expects this measure to help boost the operations of both new and used car dealerships, at a time when access to credit is critical to sustaining demand.
Banque de la Nation maintains its central role as one of the country’s main sources of finance, especially in areas where private banks offer more limited options and higher interest rates. The new auto loan policy aims to strengthen the market position and improve the distribution of units in areas that directly affect the production chain and related services.
Additional benefits
In addition to interest rate reductions, the “+Autos” program incorporates benefits that are integrated with other areas of the bank. Clients can access National Seguros Insuranceyou can manage your insurance policies digitally and receive certain discounts by linking them.
This system also Instant opening of digital accounts and virtual debit cardsyou can operate through the BNA+ application and control payments, transfers and loan installments from the same digital environment.
The “+Autos” line update joins other personal and productive credit initiatives that Banque Nation has implemented this year, with a focus on facilitating access to finance in strategic sectors. With this adjustment, the company aims to strengthen its presence in the automotive market and maintain credit policy with favorable conditions for the general public.
To obtain detailed information on requirements, deadlines, and participating concessionaires, interested parties should visit: bna.com.ar/home/masautosa quota simulator and online application form are available.
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