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Mortgage loans: a new bank launched its loan with one of the lowest rates on the market - La Nacion Propiedades
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www.lanacion.com.ar
October 09, 2024
Mortgage loans: a new bank launched its loan with one of the lowest rates on the market
Mortgage loans: a new bank entered the arena with one of the lowest rates on the marketE+
In the quest to be able to access one's own home , the emergence of UVA mortgage loans in the Argentine scenario completely changed the real estate market and no bank wants to be left out. In this way, in addition to the 21 entities that have already launched their lines, it was learned that a new bank entered the arena with one of the lowest rates on the market : Banco del Chubut (BCH) .
A key fact about this transformation was perceived last month: September was the month with the highest number of mortgage loans delivered in 2024. According to data provided by specialist Federico González Rouco, who this year published his book entitled The Dream of Owning a Home , during the ninth month of the year, $100,000 million in loans were delivered to individuals, that is, around 1,000 loans - taking as an average the square meter of a two-room apartment in the city of Buenos Aires: US$2,130/m² according to the latest data surveyed by Zonaprop-, almost double that of August ($67,000 million, around 600 loans).
The entity announced its “Casa Propia” mortgage loans , with the aim of granting UVA loans aimed at the entire province of Chubut to facilitate access to the acquisition, construction or completion of homes .
There are now 22 banks that have launched their UVA mortgage credit lines Archive
“ It has been many years since a mortgage loan line similar to the one we are offering through Banco del Chubut was launched,” announced the governor of the province, Ignacio Torres, this Monday at an event held at the bank’s headquarters, adding that they launched a loan with one of the lowest rates on the market , 3.5%. “Today, the bank is an entity at the service of all Chubut residents, seeking investments and with an intelligent outlook, aiming at modernization and digitalization,” he continued.
After five years without mortgage loans in Argentina , the loans are exciting the real estate sector since, by increasing the demand for properties because a greater number of people will be able to access their own roof, it would generate an increase in housing prices , mainly in areas where the available options are scarce .
The bank of the province of Chubut grants UVA loans for the acquisition, construction, completion and renovation of housing for permanent and non-permanent use , as long as it is not for commercial or professional purposes.
www.buysellba.com
Source:
Créditos hipotecarios: un nuevo banco lanzó su préstamo con una de las tasas más bajas del mercado
Ya son 22 las entidades bancarias que ofrecen sus préstamos en UVA para la adquisición de una vivienda propia
www.lanacion.com.ar
October 09, 2024
Mortgage loans: a new bank launched its loan with one of the lowest rates on the market
Mortgage loans: a new bank entered the arena with one of the lowest rates on the marketE+
In the quest to be able to access one's own home , the emergence of UVA mortgage loans in the Argentine scenario completely changed the real estate market and no bank wants to be left out. In this way, in addition to the 21 entities that have already launched their lines, it was learned that a new bank entered the arena with one of the lowest rates on the market : Banco del Chubut (BCH) .
A key fact about this transformation was perceived last month: September was the month with the highest number of mortgage loans delivered in 2024. According to data provided by specialist Federico González Rouco, who this year published his book entitled The Dream of Owning a Home , during the ninth month of the year, $100,000 million in loans were delivered to individuals, that is, around 1,000 loans - taking as an average the square meter of a two-room apartment in the city of Buenos Aires: US$2,130/m² according to the latest data surveyed by Zonaprop-, almost double that of August ($67,000 million, around 600 loans).
The entity announced its “Casa Propia” mortgage loans , with the aim of granting UVA loans aimed at the entire province of Chubut to facilitate access to the acquisition, construction or completion of homes .
There are now 22 banks that have launched their UVA mortgage credit lines Archive
“ It has been many years since a mortgage loan line similar to the one we are offering through Banco del Chubut was launched,” announced the governor of the province, Ignacio Torres, this Monday at an event held at the bank’s headquarters, adding that they launched a loan with one of the lowest rates on the market , 3.5%. “Today, the bank is an entity at the service of all Chubut residents, seeking investments and with an intelligent outlook, aiming at modernization and digitalization,” he continued.
After five years without mortgage loans in Argentina , the loans are exciting the real estate sector since, by increasing the demand for properties because a greater number of people will be able to access their own roof, it would generate an increase in housing prices , mainly in areas where the available options are scarce .
The bank of the province of Chubut grants UVA loans for the acquisition, construction, completion and renovation of housing for permanent and non-permanent use , as long as it is not for commercial or professional purposes.
BCH mortgage loan conditions
- The loan grants up to $200 million , both for acquisition and construction, and 75% of the value of the property is financed . In the case of completion, up to 60% of the budget value is financed with a maximum of up to $75 million and 100% of the guarantee value is applicable without exceeding 35%, up to a total of $75 million.
- The maximum payment period is up to 20 years (240 installments) and with a minimum of 5 years (60 installments)
- Amortization system: French , monthly
- The capital is adjustable by UVA
- The rate is 3.5% for those who have a salary account and 8% for those who do not credit their earnings to the bank.
Requirements for access
- The monthly fee to be paid cannot exceed 25% of the applicant's income.
- All residents of the province of Chubut , between 18 and 65 years old , can apply . They cannot be over 75 years old at the time of the end of the credit.
- They must have one year of seniority in the workplace, both for self-employed workers and for employees in a dependent relationship.
- Own a BCH savings account and your debit card
- Not be disqualified by competent authorities
- Not having significant legal disputes
- Do not have a negative employment, business or credit history
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