Banco Ciudad expands its credit line at a promotional rate to boost the south of CABA

The offer is aimed at “purchasing a first home with the most accessible loans on the market”the entity stated.

“We want neighbors to fulfill their dream of owning their own home and for the effort they make to be worthwhile.. These measures allow us to help a middle class that has often been left alone. We are doing this in the south, in the area of ​​the city with the greatest potential for growth, because if more residents live there, that means more movement, more businesses and more consumption. In short, more development,” said the head of the Buenos Aires government, Jorge Macri.

For his part, the president of Banco Ciudad, Guillermo Lajehe highlighted: “These loans are a tool that will help many families in the purchase of their first home, through the best financing proposal that now includes the neighborhoods in the south of the City of Buenos Aires, which have great development potential.”

Banco Ciudad offers loans at promotional rates for the southern zone

The new polygons that will have the impetus of the City mortgage loans at preferential rates (APR 3.5% fixed + UVAs)are comprised by the following limits:

• The Mouth: To the north Cochabamba; to the south Av. Pedro de Mendoza/Riachuelo; to the west Av. Regimiento de Patricios to the intersection with Av. Martín García and Paseo Colón to the intersection with Cochabamba; to the east Río Dársena Sur and Riachuelo.
• Saenz node: To the north, Highway 25 de Mayo; to the west, it goes down through Viel to Fernández de la Cruz, where it returns to Fournier, which goes down to Tabaré and then goes back west to Centenera, which goes down to Amancio Alcorta; to the south, Av. Amancio Alcorta; to the east, it goes up from Amancio Alcorta through Iguazú to Grito de Asencio, which goes west to Av. Almafuerte, where it goes up to Salcedo, which goes west to Castro Barros, goes down to Rondeau and goes up José Mármol to Highway 25 de Mayo.
• Olympic Quarter: To the north, 23 de Junio ​​Street; to the east, Carlos Enrique Díaz Sáenz Valiente Street; to the south, Escalada Avenue; to the west, Pascual Pérez.
• Lugano: To the north Av. Argentina; to the west Dellepiane to the south to Riestra; to the south Riestra which goes up to Murguiondo where it goes down to Chilavert; to the east Chilavert where it goes up to Larraya which goes up to Batlle y Ordoñez which goes to Avenida Argentina.

Preferential rate mortgage loans: who can access them?

The mortgage loans from Banco Ciudad to preferential rate for the southern and central areas of CABA they allow the Acquisition of sole and permanent housingwith financing terms of up to 20 years, in Grapes plus a fixed interest rate of 3.5% (APR)the most competitive in the financial system.

The maximum amount that The amount that can be requested is 350 million pesos and up to 75% of the sale value of the property can be financed.These loans also allow the applicant to present guarantors, up to two guarantors per holder, and in this case the maximum financing amount is up to 65%.

In turn, the quota-income ratio must not exceed 25% of the net income of the applicant, his/her family group and/or the income of the guarantor(s).

Likewise, with respect to the quota-income ratio, if the person, family or group of borrowers have a total income of $1,630,000, they can access, for example, a loan of $70 million, with an initial quota of $407,000, with a fixed rate of 3.5%+UVAs.

On the other hand, these loans have the possibility of requesting an extension of the term if the amount of the installment to be paid exceeds 10% of the value of the installment resulting from having applied to that loan a capital adjustment by the Salary Variation Coefficient (CVS) since its disbursement. In these cases, the original term of the loan may be extended by up to 25%.

Credits are available through the Banco Ciudad website and in all of the bank’s branches.