There are now six banks that have launched to offer loans to buy, build or expand homes, taking advantage of the new economic direction that is emerging in the country. They are the BNA, Hipotecario, Ciudad, Supervielle, Del Sol and ICBC.
All proposals are in adjustment systems through the Purchasing Value Unit that the Government publishes every day, that is, they use the UVA value to update the values of the capital and quotas.
What makes these new instruments attractive is that inflation has been falling month after month, and the dollar has been stable for months, which shows a positive horizon in this sense.
He Bank of the Argentine Nation (BNA) launched the new line of mortgage loans “+Hogares con BNA”, which will be available from May 20.
With an investment of US$ 4,000 million, it is planned to grant up to 40 thousand loans in three years.
This initiative offers a unique benefit: users will be able to pay a premium of 1.5 percentage points, which will allow them to adjust the increase in the contribution according to the salary variation coefficient (CVS), preventing it from exceeding the increase in salaries.
The BNA proposal covers the purchase, exchange, construction, renovation, and expansion of homes throughout the country, as well as the acquisition of a second home.
In this way, the financial entity will join the banks that came out with their inflation-adjusted loan lines such as Hipotecario, Ciudad, ICBC, Del Sol and, in the last few hours, Banco de Córdoba.
Mortgage loans, which suffered a decline during the 2018-2019 crisis, have returned with an average rate of 5% plus inflation, as reported by the banks themselves. And they highlighted the renewed interest in this product, which experienced a boom in 2017.
The first to make his offer known was hipotecary Banc, with loans for purchase or construction, of up to $250,000,000, that is, 250 thousand dollars, and for expansion and completion of $125,000,000. (125 thousand dollars).
The credits of this financial institution are adjusted by UVA and have a nominal annual rate of 8.5%, which can be reduced to 4.25% for clients with credit of assets in the bank during the first 12 installments.
He city Bank was the one that followed, adding by providing mortgage loans, with two lines of loans available, also with UVA adjustment.
The first line allows you to acquire a first or second home in all areas of influence of Banco Ciudad (AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta). In UVAs. At 5.5% rate.
The second line for the acquisition of family housing, unique and for permanent occupation in the Microcenter of the Autonomous City of Buenos Aires. In UVAs. at 3.5%.
He Supervielle Bank was another of the private banks that joined the movement, offering loans for the purchase, renovation or expansion of homes.
With UVA adjustment, without amount limit, financing of up to 80% of the value of the property, and a maximum term of 30 years (360 installments).
Bank of the Sun It will also begin to offer mortgage loans at UVA, for the purchase, construction and expansion of housing in the country.
So far they have not released the details of their lines, but they indicated that they will be published on their apps and website.
Lastly, the ICBC Bank already offers its loans for homes with UVA adjustment.
The term will be up to 15 years, with an exclusive rate of 5% for clients who credit their assets with the bank and 7.5% for the rest of the applicants.
The financing will be up to 75% of the sale value of the property, where each installment will be 25% of the salary of whoever requests it.
Source: Ambito
