Personal Loan Argentina: 5 options to apply

What is an Argentine personal loan?

You probably know what a loan means: money that we request from a bank or financial institution, which we pay in installments plus interest.

There are different types of loans on the market, and the personal loan is one of them.

Its main characteristic is that it does not require any type of guarantee, for example, property or guarantor.

Furthermore, the money can have different purposes, and the applicant does not need to prove what that purpose will be.

The main disadvantages of this credit model are that it has higher interest rates and lower values, given that the risk of default is greater.

Since the bank has no guarantee of payment, it ends up offering a more expensive product.

In this type of credit, the process is also simplified and fast. Normally, the application is 100% online and the money is deposited into the applicant's account within a few hours.

Other advantages or features of a personal loan may vary from company to company, but this is ultimately how it works.

Now, discover 5 options for Argentine personal loans to apply today!

1. BBVA

At BBVA you can apply for up to $14,000,000. The amount can be paid in up to 60 months. The application is 100% online, meaning you don't need to leave your home to apply or cancel.

This option is perfect for those who need money urgently, as the money is deposited into the account within 48 to 72 hours of the request.

The interest rates applied are personalized and can vary depending on different factors, one of which is the credit score, which greatly influences the time it takes the bank to determine the interest rate.

As mentioned above, in the loan staff The bank does not require any collateral and the risk of default is higher.

Therefore, the applicant's credit score is a very important factor when approving and establishing payment terms, as well as the interest rate.

To apply, you must be between 18 and 74 years old, and you must have a minimum income of $15,000.

On the BBVA website you can make a simulation and proceed with the contract. Log in and request your loan Argentine staff.

APPLY FOR LOAN ➔

2. Itau Bank

At Banco Itaú, you can apply for a personal loan and repay it in 72 months. One advantage that Itaú offers is that the client can choose the due date and the number of installments.

The minimum amount that can be contracted is $5,000, and may exceed the maximum amount of $750,000, depending on the client and their financial profile.

The better your financial profile, good relationship with the bank and credit score, the higher the approved amounts will be.

The main requirements to apply are:

Being over 18 years;
Have permanent residence in Argentina;
Be the holder of an account at Itaú, where the loan will be deposited.

The loan can be requested through the Itaú Argentina app or by sending a message “#quieroprestamo” to WhatsApp: 01126028000.

Apart from that, it is also possible to apply through the Itaú website, that is, through Internet Banking.

The bank reported that if the interested party does not receive a pre-approved limit on digital channels, they can go in person to a branch and request the loan. Argentine staff.

Be sure to bring your documents and proof of income for the last 6 months.

3. National Bank

This loan is ideal for small contingencies, since the maximum amount is $5,000. However, the installments can be up to 72 months.

Among the benefits it offers, we highlight, for example:

Possibility of renewal upon payment of 10% of the fees.
Fees are automatically deducted from the applicant's account.

Only people who are working and between 18 and 80 years old can apply.

Subscribers to the Cuenta Nación service package have access to reduced TNA and TEA. You can run a simulation free on the Banco Nación website.

LEARN MORE ABOUT LOANS ➔

4. Argentina ICBC personal loan

The ICBC personal loan is 100% digital, and the crediting is immediate. In addition to having a fixed rate, its amortization model is the French system.

On the company platform you can perform a custom simulation, just report:

Calculation type – by amount or rate;
Loan amount;
Payment term (up to 96 months);
Type of client;
tax jurisdiction;
Select whether you want to credit your salary or not.

By providing this information, you will be able to perform a personalized simulation. If you are not yet a customer, access the website and request your loan.

Customers can apply for Internet Banking by logging in.

APPLY FOR YOUR LOAN ➔

5. Galicia Bank

At Banco Galicia you can borrow up to $5,000,000 and pay it back in up to 72 months, the first of which expires just 45 days after signing the contract.

The money is immediately credited to the applicant's account, making the loan Argentine staff Banco Galicia is a relevant alternative for those who need urgent cash.

To apply for your loan you must have:

Minimum monthly income of $56,000;
between 18 and 80 years old;
Active tab.

To receive your salary in Galicia, you can have lower interest rates on the personal loan.

APPLY FOR PERSONAL LOAN ➔

How to choose the best personal loan in Argentina?

A personal loan is a simplified and bureaucratic solution, however, it has a higher interest rate, since no type of guarantee is required.

Therefore, to make this product more affordable, it is best to choose the alternative with the lowest interest rates and commissions.

Ideally, you should choose the option that guarantees a fixed rate, as it will remain stable throughout the loan repayment period.

Obtaining a loan often also involves using other services, such as opening a savings account.

For this reason, it is important to choose a bank with no savings account fees or with the lowest fees on the market.

Conclusion

If so, would you like to know our recommendations for personal loan Argentina?

Compare to see which alternative is more affordable for you.

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Written by Nara Updated on March 14, 2023

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