President Cristina Fernández de Kirchner announced that Banco Nación will now offer soft loans on the sales of locally manufactured trucks.
The loan amount will cap at $8,500 million, and will have a fixed rate from 5 to 9%, depending on the geographical location of the borrower. According to president Fernández, the subsidies will benefit the most remote areas of the country.
The launch came yesterday during the president’s speech at the government house.
“We will finance not only through Banco Nación, but also through the terminals and its dealers,” she said. “Those that really know their customers.”
The slogan of the new program is “Go kick doors to renew their trucks with soft loans.”
According to Télam, the loans are intended to spur corporate and individual purchases of new and used trucks, trailers and semitrailers around the country.
“The domestic mills will create 2,500 new jobs from increased demand, generated by the injection of $8,500 million pesos in the first year,” said Débora Giorgi, minister of industry.
“It is a virtuous circle where the driver finds a way to renew his unit, and the terminals increase production to meet growing demand.”