Until what date can BPS loans be renewed early and how to start the process

A group of retirees and pensioners in Uruguay has the possibility of renewing their special loans offered by the Social Security Bank (BPS) throughout October. He benefit It will be available until Saturday the 31st of this month, the public body confirmed.

The period of early renewalswhich began at the beginning of the current month, is intended for liabilities that have at least complied with the payment of the first installment of the loan they have in force.

To carry out the process, you must cancel the previous loan and then start a new one. BPS reported that the outstanding balance of the initial loan is added to the next, taking into account the new agreed conditions.

This procedure can be carried out once a year, depending on the public body.

First, the online service must be accessed “Manage my loans“, which BPS offers through its website. The only users who will be enabled when entering the procedure are those who can currently request loans through that means.

Interested persons must have a BPS personal user to carry out management. In addition, it is key to keep in mind that, as a specific requirement, seven days must have passed since creating an account or resetting the password. To request a personal BPS user, log in through this link.

The BPS initiative is part of several measures implemented by the government to improve financing and access to credit. The measure also attempts to contribute to improving the quality of life of retirees and pensioners who, for various reasons, need to have a loan.

This benefit is part of the various benefits that BPS provides for retirees and pensioners. To see the entire list of benefits that the BPS offers to the population, click click on this link.