Eduardo Paladini
02/19/2020 - 11:28
- Clarín.com
- Economy
They represent a face of the crisis. Or a relief that millions of Argentines are looking to survive. With the change of government, there was a new boom in ANSeS credits for retirees and beneficiaries of the Universal Child Allowance (SUAF). They are being delivered at a rate of 4,000 per day. And already defined parameters of how will be the return of fees that stopped charging in January, February and March, as another palliative to malaria.
Clarín agreed to a report detailing the gross numbers of these credits. From December 10 until last Monday, 279,021 loans were granted. It gives an average of 4,044 per day . More than half (143,570) were taken by those who charge the AUH. The rest is divided between retirees (54,926) and beneficiaries of the Single Family Allowance System (SUAF, 46,816) and Non-Contributory Pensions (PNC, 33,709).
More data?
- The average amount of loans is $ 77,605 in the case of retirees, $ 56,510 for PNC, $ 10,227 AUH and $ 11,804 SUAF.
- The majority (181,752) are processed online and the rest, in person (97,269).
- The distribution by province is quite proportional to the population (leads Buenos Aires with 40%, Córdoba and Santa Fe together 8% each), except in the Capital, which brings together 3% of the loans despite having about 7 % of the inhabitants of the whole country.
Fees and return
The most important change announced by the ANSeS, after the appointment of Alejandro Vanoli as headline, was the reduction of fees and the extension of the quotas for the first quarter of 2020. It was lived literally as a Christmas gift: they communicated the December 23 and impacted in the pocket of about 5 million Argentines.
The drop in rates was from 42% to 31.5% in the case of retirees and pensioners and from 48% to 36% for AUH and SUAF beneficiaries. Thus, a retiree who had been paying $ 3,100 per month for a loan of $ 50,000 went on to pay $ 1,990. Or really, it will pay: because the fees for January, February and March were not discounted.
This decision was announced at the time as an indirect improvement in the purchasing power of the most delayed sectors. And it returns to take effect now because of the cut announced by President Alberto Fernández for some 2.7 million retirees, who will have a smaller increase in March than the one stipulated in the mobility law that is suspended.
As they explained from ANSeS to Clarín , "the credits that were stopped charging these three installments are recalculated as of April 2020 with the new (lower) rates and a term of 24 extra installments is added , with the objective of reducing the amount of the fee and for the holder to have a higher monthly income available. " That is, it will take much longer to return it, but in clearly lower installments and with a minor impact to its credit.
The extension for not paying those installments governed (governs) those who already had a loan granted . Those who processed it since December 26, with the rates already lower, have been paying monthly fees.
In the case of the reduction of rates for AUH beneficiaries, in an example of a loan of $ 16,500, the average installment fell from $ 823 to $ 649.
In the ANSeS they also clarify that "those who have never requested a loan or have already finished repaying it will be able to access one with the new rates; and those who have existing credits must wait until April to request a new credit".
Requirements
Loans for retirees and pensioners, with rates of 31.5%
The requirements for a retiree to take out a loan is that he lives in the country and is less than 90 years old at the end of the loan . The maximum term is 60 months, so those over 85 are excluded for this possibility. The other terms are 24, 36 or 48 installments.
Together with insurance, the total annual financial cost ends up between 37.59% (two-year loans) and 39.49% (five-year loans). Less than half of a personal loan at a frontline bank.
The amounts range from 5,000 to 200,000 pesos and the quota cannot exceed 20% of the monthly income. The procedure is personal: you have to take a turn and go personally. The credit is deposited in the bank account -I have to carry ID and proof of CBU- within 5 business days.
Those who charge the Universal Pension for the Elderly (PUAM) , which is equivalent to 80% of the minimum retirement and benefits the elderly who do not arrive with the contributions to take out a retirement, can also request credits with the same rate of 31 , 5%, with similar requirements, but for smaller amounts: from 5,000 to 70,000 pesos.
Those who charge non-contributory pensions for Disability or for Mother of 7 children enter the same range as the PUAM.
Loans for AUH beneficiaries, with rates of 36%
In the case of those who charge Universal Child Allowance, the requirements to remove it are:
- Being over 18 years.
- Be less than 75 years old at the end of the loan.
- Having presented the Notebook in the previous two years.
- The child for whom the credit is requested must be under 18 years of age at the end of the loan.
- Children with disabilities for whom the credit is requested must have the Unique Disability Certificate (CUD) in force.
The amounts range from 1,000 to 12,000 pesos , in 24 or 36 installments for each Assignment you charge. The fee cannot exceed 20% of the monthly value of the Allocation and the credit, as in the case of retirees, is deposited in the bank account where the AUH usually charges within 5 business days.
In his case, the rate fell from 48% to 36%. The total financial cost (with insurance) rises to 38.78% (two-year loans) and 39.85% (three years). The procedure can be done online or in person, with prior shift.
Employees who charge child allowances (SUAF) and have a family group income of $ 4,893.25 to $ 62,421 may also request similar credits from AUH beneficiaries.