Banco Nación (BNA) would be preparing a new line of adjustable mortgage loans by UVA that would be released in the next few hours. This marks its incorporation into the group of both public and private entities that have already made announcements in this regard, with the news that this loan would include a limit against inflation.
As he was able to know Ambit, the credit would contemplate an optional cap to avoid excessive increases in installments in the event that inflation rebounds in the future. That is, users who request this credit will be able to pay an additional percentage rate as a kind of insurance against inflationary risk. The instrument would act as a guarantee and its inclusion will be optional.
Thus, the BN joins the offers already made by other banks, but with the distinction that this line will offer the option of paying an additional percentage rate as insurance against inflationthis guarantee also being optional.
These mortgage loans They have an average rate of 5% plus inflation, as announced by the financial entities themselves.
Mortgage loans offered by different banks
- hipotecary Banc: This bank announced two new lines of mortgage loans that will come into effect as of May 15. One line is intended for the purchase or construction of homes, and the other for expansion or renovation.
In the first case, applicants will be able to access up to $250 million with an initial UVA rate plus 4.25% during the first twelve months. Subsequently, the fee will also be adjusted by UVA, reaching an interest of 8.5%. For the line intended for expansion and renovation of homes, the maximum amount is $125 million, with the same rate conditions.
In both cases, the monthly fee may not exceed 25% of the applicant’s income, and Banco Hipotecario will facilitate the conversion through the MEP bridge sale at the same branch. With these initiatives, Banco Hipotecario increases the maximum loanable amounts, since currently the entity offers loans tied to UVA for up to $10 million, applying a rate of 13.5% above accumulated inflation.
In addition, these credits will be available 100% digitally, without the need to attend in person at any time during the process.
Mortgage loans from Banco Ciudad
Banco Ciudad launched new mortgage loans for the acquisition, renovation, improvement and expansion of homes. “The announcement aims at the middle class, so that they can move forward despite the difficulties. And to revitalize and develop the downtown area,” highlighted the financial entity.
As detailed by that bank, the main characteristics of this credit line are the following:
- They are up to $250 million, with terms of 10, 15 and 20 years.
- There are two types of loans: one allows you to purchase your first and second home. The other makes it possible to buy a single family property for permanent occupation in the downtown area of Buenos Aires.
- Up to 25% of the net income of the applicant and/or family group can be requested.
- Financing is up to 75% of the sale value of the property to be acquired.
- Those who already collect or migrate salary accreditation to Banco Ciudad can access it.
- It has UVAs interest plus a rate from 3.5% TNA.
The credits are now available through the Banco Ciudad website and in all the entity’s branches.
Mortgage loans from Supervielle bank
Supervielle bank offers 4 lines of mortgage credit: for the purchase of a permanent home, for the purchase of a second home, for renovation and improvement, and for expansion.
The interest rate was set at 8% nominal annual rate, although those clients who receive their salary from the entity will be able to access a preferential rate of 6% throughout the entire loan repayment period. In all cases, the capital is adjustable by UVAs.
Workers in a dependency relationship with at least 12 months of seniority, as well as monotributistas and self-employed workers, can access it.
The lines for home acquisition do not have a fixed maximum amount, but they finance up to 80% of the value of the property in the case of a permanent home, and up to 75% if it is a second home. The maximum amount established for expansion or renovation is $3,000,000, or up to 60% or 50% of the total budget of the work, respectively.
The minimum net income required is $450,000 per month, and the fee cannot exceed 25% of this amount. Workers in a dependency relationship with at least 12 months of seniority, as well as monotributistas and self-employed workers, can access it.
For home acquisition, the maximum loan repayment period is 30 years (360 months), while for expansion and renovation it is reduced to 10 years (120 months).
Source: Ambito
