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[BUSINESS] · Argentina · 8 sources

started · updated

Banco Nación and Volkswagen launch car financing program

Banco Nación has partnered with Volkswagen Argentina to launch ‘+Autos con BNA’, a new financing program designed to facilitate the purchase of new vehicles. The initiative offers personal loans without a pledge of up to $20 million for Volkswagen models valued at up to $60 million.

Repayment terms are structured between 24 and 48 months using the French amortization system. The program features differentiated interest rates based on the customer's relationship with the bank. Clients who receive their salaries through Banco Nación can access a Nominal Annual Rate (TNA) of 27% for 24-month terms and 30% for terms between 30 and 48 months. For those who do not credit their salaries at the institution, the TNA is 37% for 24-month loans and 40% for longer terms.

The financing is managed directly through participating official Volkswagen dealerships, where customers can view available models and submit documentation. All credit approvals are subject to individual credit evaluations and bank regulations.

Entities

Banco Nación · Volkswagen Argentina

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