Overview
- Banco Nación launched the new UVA auto loan on Monday, Sept. 7, as part of its “+Autos con BNA” program and made it available across more than 1,400 dealers and 1,800 sales points with a fully digital application process.
- The loan finances up to 100% of a 0 km or used vehicle (up to 10 years) with a cap of 100 million pesos and is granted without a vehicle lien, subject to credit evaluation and income‑affordability rules.
- Pricing choices include inflation‑indexed rates of UVA+19% TNA for clients who receive pay or pensions at BNA and UVA+25% for other borrowers, while fixed‑rate peso alternatives remain at 36% and 46% TNA respectively.
- Borrowers get lower initial payments — BNA's example shows a 10 million peso, 60‑month loan with a first payment around 292,656 pesos for payroll clients — but capital and later installments will rise with inflation unless the optional CVS‑linked cap is bought for an extra 1 percentage point.
- The launch drew public defense from Minister Federico Sturzenegger and sharp criticism from economists over the loan’s real cost, and its market impact is uncertain given automakers’ short‑term 0% offers and a 19.1% year‑on‑year drop in August registrations reported by ACARA.