Inflation continues through the roof and getting money today has
very high costs
.
But
For
students and new graduates
there is an exception: an official plan that allows access to a personal loan with reduced interest.
The option already existed, but this month it was relaunched with
duplicate amounts
- up to
$10,000,000
- and with a
longer
return period.
This is a line of credit from
Banco Ciudad
, which young people from different parts of the country - not just Buenos Aires - can access even if they have no registered income or credit history.
The money, as they explain, can be used for whatever is needed: for example, to buy a
computer
, a motorcycle or
study materials
, fix the house, cover the costs of moving and many other options.
The striking thing is that new clients will be charged an annual nominal rate (
TNA
)
of 68%
, according to
Clarín
.
And in the case of
female
students or graduates of "STEM" careers (
science
,
technology
,
engineering
and
mathematics
), there will be a preferential rate of
66%
.
In both cases they are much lower rates than the market rates, taking into account that in the financial system the interest on personal loans has been
around 130%
of TNA and that the banks themselves remunerate fixed terms at 110%.
Banco Ciudad will also allow you to repay the money from these loans in up to
48 fixed monthly installments
(four years), instead of the 36 months that were in effect before.
The money can be used to purchase study materials, a cell phone or other necessities.
Photo: Shutterstock.
The ABC of the student loan: conditions, requirements and payment amounts
Who can request it?
"The offer is aimed at
those over 18 years of age
who are
students
of university, tertiary and postgraduate courses or who are in the last year of high school, and
graduates
of university or tertiary courses who have received their degree in the
last five years
," they detailed. in the entity.
On the other hand, applicants must be training - or have done so - in one of the
areas
of the country in which Banco Ciudad has a presence: CABA, Greater Buenos Aires, Córdoba, Río Cuarto, Mendoza, Salta and Tucumán.
Can everyone request up to $10,000,000?
That's the loanable maximum, but some people may have a lower limit based on income level.
The key is that the initial loan payment cannot affect more than
30% of
demonstrable formal income.
What if the applicant has no income?
"These credits allow the figure of the
guarantor
for those who do not have their own income," they indicate.
That is, the young person can go to the bank with a
family member, friend or acquaintance
who agrees with the bank to pay the fees in case the student or graduate is unable to do so.
How much is the fee paid?
For example, with the term of
48 months
and the preferential rate of
66%
(exclusive for
women in science and technology
):
When requesting
$1,000,000
the monthly fee is
$71,108
.
When requesting
$3,000,000
the fee is
$213,325
.
When requesting
$5,000,000
the fee is
$355,542
.
When requesting
$7,000,000
the fee is
$497,759
.
When requesting
$10,000,000
the fee is
$711,085
.
For their part, those who have the
68%
rate will pay, for example:
When requesting
$1,000,000
the monthly fee is
$72,894
.
When requesting
$3,000,000
the fee is
$218,683
.
When requesting
$5,000,000
the fee is
$364,472
.
When requesting
$7,000,000
the fee is
$510,261
.
When requesting
$10,000,000
the fee is
$728,944
.
Official youth loan: what other benefits does the bank give to beneficiaries?
Along with the loan, Banco Ciudad offers students a
savings account
with a free
debit card
, plus a
credit card
that has a reduced renewal fee.
Additionally, the package includes a number of
additional
benefits
:
100% refund
on the first payment of the institute or university fee, adhering to automatic debit.
Discounts and
6 interest-free installments
for the purchase of
technology
through the Tienda Ciudad platform.
Access to all the bank's promotions in gastronomy, clothing, bookstores, supermarkets and other areas.
Free online training
for financial management.
Students without a blank paper can present income from a guarantor.
Photo: BCBA.
"Students and young graduates can also access financing and specific solutions to
rent for the first time
or
renew their
rental contract," the bank explained.
In this sense, the City offers the
City Guarantee
for tenants together with the City Housing Institute, with a 70% bonus on the amount payable for rentals in the City of Buenos Aires, in addition to a
15% discount extra
paying with debit card.
Money at a low rate for students: how to request the loan and have more information?
To receive the loan, interested parties must present, among other documents, their DNI and a
regular student certificate
.
To learn more or apply
online,
you can visit the special microsite created by the bank.
MDG