Overview

• The +Autos BNA program went live July 17 with a network of over 500 authorized dealerships and a stock of 1,000 loans available nationwide.
• Borrowers can finance between ARS 1 million and ARS 100 million at a fixed 38% nominal annual rate over up to 72 months, with installments capped at 35% of net income.
• Loans cover up to 100% of a vehicle’s value including VAT for new 0 km cars and used models up to ten years old, without requiring collateral or prior bank accounts.
• Applications are fully digital and handled at dealerships with only a DNI required, and non-clients can open a BNA+ account instantly for approval.
• Financial advisers emphasize the true cost of credit, noting an effective annual rate near 57%, well above the advertised nominal rate.