National Bank Launches UVA Credits for Car Purchases
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Insights by Echo AI
The National Bank has introduced a new UVA credit line for purchasing 0km and used cars up to 10 years old. The financing covers up to 100% of the vehicle's value, with a maximum amount of $100 million per user. The new line offers two options: a fixed-rate peso modality and an inflation-adjusted UVA modality. The UVA option provides a lower initial installment but may see subsequent installments vary based on inflation. Both options do not require collateral and can be managed online with just a DNI. The bank offers a cap on installment increases tied to the Salary Variation Coefficient (CVS) for an additional annual premium.
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