2023-10-07 13:59:10
Applying for loans became a key financing option for millions of people throughout the country.
The escalation of inflation, which exceeds 100% annually, has the consequence that paying on credit is beneficial due to the loss of the value of the peso in the long term.
According to a report issued by the consulting firm First Capital, in August alone the total balance of loans in pesos reached $11.93 trillion, which represents an increase of $6.02 trillion in the last 365 days and a variation of 101, 8% annually.
The phenomenon was accentuated after the latest measures announced by the Minister of Economy, Sergio Massa, which established the granting of financing at subsidized rates for monotributistas and loans for the cancellation of credit card debts to dependent workers.
Regarding the distribution by type of loan, commercial loans lead the list (123.7%), followed by the increase in credit card consumption (110.8%), collateral loans (88.5%), personal loans (66.7%) and, lastly, mortgage loans (31.4%).
“During the last month, the variation has been $1.03 trillion, which represents an increase of 9.5%, a value that will also be below the estimated inflation. This month the drop in the balances of financing to the private sector is repeated in real terms, in the same way that happened the previous month,” said First Capital executives.
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