Loans to private home workers

Banco Provincia launched a new line of credit for workers and workers in private homes.

The maximum amount of these loans, which can be repaid within 36 months, is $150,000, and the installments to be paid cannot affect more than 30% of the monthly income.

The line has a fixed annual rate of 60% and will be available from August.

The requirements are minimal: be registered as a worker in AFIP and have a DNI.

For those who do not request this money, a credit card is offered with pre-established limits based on the estimated monthly income.

New users will have a 40% refund on their first purchase, with a refund limit of 6,000 pesos.

The entity considers workers to be “those people who provide cleaning, maintenance or other typical household activities; personal assistance and accompaniment to family members or those who live together; non-therapeutic care of sick or disabled people”.

On Tuesday the 25th, the National Commission for Work in Private Homes will meet to analyze an increase in minimum wages for the sector.

Anna Edwards

Recent Posts

The role of pricing growth in long-term value creation with expensive capital

As the cost of capital climbs, pursuing growth transforms into something far more nuanced than…

1 day ago

How did Titanic’s technical innovations affect 1990s movie production?

Released in December 1997, James Cameron’s Titanic emerged as not just a box office juggernaut…

1 day ago

From single-plant projects to industrial hubs in carbon capture development

Hard-to-abate industries such as cement, steel, chemicals, refining, and heavy transport account for a large…

2 days ago

Switzerland: CSR cases advancing responsible finance and corporate transparency

Switzerland’s international financial and trading hubs have traditionally served as powerhouses for banking, wealth management,…

2 days ago

Business models that control costs effectively in slower-growth environments

A slower-growth environment is characterized by modest demand expansion, cautious consumer spending, tighter capital markets,…

1 week ago

How cyberattacks on critical infrastructure impact technology expenditure strategies

Cybersecurity threats have shifted from being a technical concern to a central business risk. As…

1 week ago