Banco Provincia expands debt refinancing plan with lower rates and up to 72‑month terms in Argentina

Banco Provincia announced an expanded debt‑refinancing program for individuals and qualifying businesses in Argentina. The new scheme extends repayment periods to a maximum of 72 monthly installments and offers reduced nominal annual rates – 50% for early‑stage defaulters who receive salaries or pensions through the bank, 39% for borrowers earning up to four minimum wages, and a special 31% rate for over‑indebted accounts older than 90 days.

The plan targets workers, retirees, pensioners and low‑income earners, as well as certain commercial clients, aiming to lower monthly payments and avoid more aggressive collection actions. Applicants can enroll through branch offices, a dedicated phone line (0810‑222‑6672), WhatsApp, Home Banking BIP or the BIP Móvil app, with each case evaluated individually.

By providing longer terms and lower interest, the bank seeks to improve credit recovery while helping families and small firms manage financial obligations amid a challenging economic environment.