translated from Spanish: Banco Nación launches credits for the purchase of 48-month bikes and bonus rates

Banco Nación reported that the line of credit for the purchase of domesticly manufactured motorcycles is now available, in more than 200 dealerships across the country, which will allow you to purchase units up to $200,000 at a single 48-month term and a final rate of 28.5%. The motorcycle financing line is a joint project between the financial institution and the Ministry of Productive Development, which provided a 10 percentage point interest rate bonus, already included in the final 28.5%. The maximum amount to be financed per user is $200,000, at a single period of 48 months, French depreciation system, and reaches all users, customers or non-customers of the entity.

Photo: Capture

The measure responds to a request made during the year by the Argentine Chamber of Motor Vehicle Manufacturers (Cafam) and the Association of Automotive Concessionaires (Acara), considering that access to financing is the fundamental factor in underpinning sales growth that has been recorded in recent months. The more than 200 motorcycle dealerships across the country will offer nearly 7,500 motorcycles from 34 nationally manufactured models, brands such as Honda, Zanella, Gilera, Benelli, Beta, Brava, Guerrero, Keller, Keeway, Corven, Kymco, Mondial, Motomel, VTS and Okinoi.La line management starts through the Nation Bank website, then the documentation is completed in person , as long as the marketing of the units will be carried out through the network of dealers who have agreement with the entity. Product selection is made using the Marketplace built into the Bank’s site, where the different models of the motorcycles will be displayed. With regard to the interest rate, for those who collect their credit through the BNA, it will be 28.5% while for the rest of the users it will be 37.5%, while the guarantee is single-signature and 100% of the motorcycle is financed.” Funding is critical to the revival of the sector and employment,” said the entity’s president, Eduardo Hecker, who argued that it is vitally important “so that citizens can avoid moving on public transport,” while the impact of the pandemic on coronavirus persists.

Original source in Spanish

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