Public and private banks offer loans to pay salaries at 24% per year

After the “incentive” measures launched last week by the BCRA, public and private banks are offering loans at 24% rates and current account overdrafts for SME salary payments. It estimates that some $1.864 billion (120 billion pesos) will go into these loans. The terms in the financial institutions vary between 90 days and 24 months.

Source: Ámbito