Personal loan installments deferred

by time news

2023-09-14 03:29:48

This tool allows you to extend the payment of personal loan installments until January. It consists of improving the disposable income of more than 13,300 clients of the entity. Adhesion is automatic, it does not require paperwork or management.

New Bank of Chaco announces the execution of a special operation so that its clients can recover disposable income and alleviate the financial burden.

It proposes postponing the payment of personal loan installments until January, for those who have a high level of debt in their salary income.

This tool will indirectly improve the income of more than 13,300 Chaco families who will thus recover purchasing capacity to meet current needs.

The deferral of installments is enabled for three months. Although credit card obligations are not included, this income relief will have an indirect impact since it will make it possible to assume payments and free up available credit to improve purchasing power, both in one payment and in installments.

The grace benefit includes capital and interest and without cost during the three deferred months, that is, in that period no interest will be applied and the amount of installments provided for in the original operation will be maintained, deferring payment until January 2,024.

The fee corresponding to October – which is paid with the September earnings – will only be paid in the month of January and those for November and December will move to February and March, respectively.

The postponement of payments has no additional charges, it is at 0 cost; although it is possible that there may be some variation in the interest rate for variable rate lines.

This benefit of three months of grace includes all current lines of personal loans of the New Bank of Chaco and it is exclusive for clients who have a high level of debt from their income.

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