Personal Loan Free Destination of the Bank

 

The Free Destination Personal Loan of the Bank of Cordoba is a line of financing designed to meet the needs of each client effectively and quickly, without establishing restrictions for their use. With this loan you can remodel your home, repair the car, pay for the studies of your children, take a trip or cover any need or project you have in mind, paying with the excellent conditions offered by Bancor.

 

Features

 

  • Destination: Personal Loan of free destination. For what you want, for what you need, for what you dream.
  • Interest rate: Fixed and in pesos.
  • French Amortization System. Monthly and consecutive depreciation of capital and interest.
  • Commission for early cancellation: 2% on the principal owed.
  • Exclusive product for customers with a Mundo Bancor product package.
  • The granting of the credit and the amount thereof are subject to the customer’s credit rating at the time of the request.

For clients who charge their salaries at the Banco de Córdoba:

  • Maximum amount: Up to $ 800,000, depending on the credit rating.
  • Term: you have up to 72 installments to pay.

Clients without an account in the Banco de Córdoba or Independents

  • Maximum amount: Up to $ 250,000, depending on the credit rating.
  • Term: up to 60 installments to pay.

Rates and interests

Clients that collect salaries in the Bank

  • Fixed Interest Rate: TNA 45.00%, equivalent to an Annual Effective Rate of 55.56%.
  • Total Financial Cost 70.35%
  • Annual Cash (calculated on the basis of the TEA and 21% as VAT on interest).
  • CFT without VAT 55.56% Annual Cash.

Clients without an account of salaries in the Bank or Independent

  • Fixed Interest Rate: TNA 46.00%, equivalent to an Annual Effective Rate of 57.07%.
  • Total Financial Cost 72.33%
  • Annual Cash (calculated on the basis of the TEA and 21% as VAT on interest).
  • CFT without VAT 57.07% Annual Cash.

Clients in Dependency ratio without salaries account in the Bank

  • Fixed Interest Rate: TNA 49.00%, equivalent to an Annual Effective Rate of 61.67%.
  • Total Financial Cost 78.41%
  • Annual Cash (calculated on the basis of the TEA and 21% as VAT on interest).
  • CFT without VAT 61.67% Annual Cash.

Requirements

Requirements

Clients with a salary account, or who receive their retirement at the Banco de Córdoba, can apply for the Personal Free Destination Loan only by presenting their ID. However, new customers will also have the option to request it, meeting the following requirements:

  • Being over 18 years.
  • Have Argentine nationality.
  • If you are a foreigner, have permanent residence in the country.

 

Labor Old

  • Effective Dependents: 6 months.
  • Dependents hired: 1 year.
  • Independent Professionals: 1 year.
  • Other: 3 years.

Documentation to present

Dependence ratio

  • Last receipt of assets

Monotributista

  • Certificate of Option issued by the AFIP through its website.
  • 3 last tax payments to the Monotributo (F. 152) paid each one within the month corresponding to each particular period.

Autonomous

  • Certification of income.
  • Certification of manifestation of goods.
  • Certification of income and expense statements.
  • Last 3 autonomous payments.
  • The certifications must have the signature of a Public Cr., The report must be without qualifications and with CPCE certification

Retired

  • Last receipt of assets