BuySellBA
Administrator
Mortgage loans: banks with the lowest rates in Jan 2025 - La Nacion Propiedades
Source:
Créditos hipotecarios: cuáles son los bancos con las tasas más bajas para comprar un departamento en enero 2025
En el complejo laberinto de decisiones financieras, conocer que entidades bancarias otorgan las tasas más bajas a la hora de solicitar un préstamo puede ayudar al bolsillo de los solicitantes
www.lanacion.com.ar
January 30, 2025
Mortgage loans: which banks have the lowest rates for buying an apartment in January 2025
In the complex labyrinth of financial decisions, knowing which banking entities offer the lowest rates when applying for a loan can help the applicants' pockets.
By Candela Contreras
Mortgage loans: banks offer rates ranging from 3% to 14%, with benefits for those who have a salary account in the entities Daenin - Shutterstock
Read the summary and glossary generated by artificial intelligence.
In the midst of a real estate market that is readjusting , after years of stagnation, mortgage loans continue to be the talk of the town : “ In December, US$240 million in UVA mortgage loans were granted ,” according to the Central Bank of the Argentine Republic , and one of the markets in which these increases were evident is that of the city of Buenos Aires: in the last month of 2024, 7,667 deeds of sale were registered, 68.1% more than in the same month of the previous year, according to data from the College of Notaries of the City of Buenos Aires.
In this sense, there are already 23 banks that have launched their UVA loan lines since the end of April 2024 , so that more and more people have the possibility of accessing their own home, with rates ranging from 3% to 14% -with benefits for those who have a salary account in the banks-.
Taking out a loan to buy a home is one of the most important decisions in life , as it has a major impact on the financial situation of a person or a family. Therefore, it is important to take into account certain considerations before assuming the responsibility. One of them is the amount of money that must be allocated per month to pay each installment .
In general, a lower interest rate on a mortgage loan means that the loan is cheaper . However, it is important to keep in mind that loan payments can vary over time due to inflation adjustment . “The rate on a mortgage loan will have a greater impact on the total amount of the payment than the term in which it is requested,” explains José Rozados, director of Reporte Inmobiliario. Therefore, real estate market analysts agree that the lower the rate, the “cheaper” the loan will be.
This is a key fact, especially in a context in which 12 banks have adjusted their conditions since their launch, mainly increasing the rate . With these increases, the average rate is 7.4%, when before it was 5.5% . “This means an increase in the initial payment (and the required income) of 20% on a 25-year loan,” explains Rouco.
There are already 23 banks that launched their mortgage credit linesHernan Zenteno - THE NATION
The 5 banks with the lowest rates on the market
1) The lowest rate: the Municipal Bank of Rosario
Banco Municipal de Rosario launched its “NIDO” mortgage credit lines , with the aim of granting UVA loans aimed at the entire province of Santa Fe with the lowest rate on the market: 3% for its clients with a salary account and 4.2% for those who do not receive their salaries there.Conditions and requirements of the bank with the lowest rate:
- The credit grants up to $100 million
- Finance 75% of the value of the property
- The maximum payment period is up to 20 years (240 installments)
- Amortization system: French , monthly
- The capital is adjustable by UVA
- The monthly fee to be paid cannot exceed 25% of the applicant's income.
- All residents of the province of Santa Fe , between 18 and 65 years old, who have demonstrable income, can apply for it, and may be: employees in a dependent relationship or independent workers (self-employed or micro-entrepreneurs)
- Income can be added with other co-owners as long as the signatories are up to the third degree of consanguinity, that is: father or mother, spouse or partner, siblings and children, grandparents, uncles
- Maximum age to cancel the credit: 75 years
- Minimum seniority of one year
Registration or application is 100% online through the bank's website.
2) City Bank
The Bank of the City of Buenos Aires has a promotional rate of 3.5% for purchases in downtown Buenos Aires and in the south of the city, while for the rest of the areas the rate is 5.5%.Requirements and conditions for purchasing a property with a loan from Banco Ciudad:
- Those who already receive or migrate their salary accreditation to Banco Ciudad can access it
- The credit is to buy, refurbish, improve or expand a first or second permanent or non-permanent home in all areas of influence of Banco Ciudad ( AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta )
- The maximum loan amount is $350 million (up to 75% of the sales value of the unit to be acquired, and for the modality in which the applicant presents a guarantor -up to two maximum-, the maximum financing amount is up to 65%)
- The capital is adjustable by UVA
- Terms are up to 20 years
- The fee must not exceed 25% of the applicant's and/or his/her family group's income.
- The credit can be pre-cancelled in advance
- Allows you to add the income of up to six people
3) Bank of Neuquen
The provincial entity has different rates for two types of lines:- The first has the lowest rate of 3.5% for clients with accreditation and a product package, and the other is 4.5%, covering self-employed and micro-entrepreneurial clients. While the second line
- The first line grants up to $50 million and has the lowest rate: 3.5% for clients with accreditation and a product package, and 4.5% for self-employed and micro-entrepreneurial clients. While the second line is up to $100 million , with a rate of 8.5% for bank clients with a product package and 9.5% for those who do not receive their salaries.
Requirements and conditions of the Banco de Neuquén credit:
- Finance up to 80% in the case of acquisition and 100% for construction
- Intended for single-family homes for permanent occupation , both for purchase and for construction. In the latter case, the work must be carried out on private land and free of occupation.
- The repayment period is up to 20 years.
- The value of the fee cannot exceed 30% of the income
- Minimum age is 18 years and the maximum is 65 years
- Not having a loan for construction, remodeling and/or expansions in force
- The construction or property must be located in the Province of Neuquén
Bank rates range from 3% to 14%Cristian Storto - Shutterstock
4) Chubut Bank
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, and is located within the province of Chubut. In this case, the Annual Nominal Rate is also 3.5% for those who have a salary account and 8% for those who do not credit their salaries to the bank.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 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 for it.
5) National Bank
The rate of the most important bank in the country is also among the lowest on the market . In this case, the rate is 4.5% for clients with salary accounts who request up to 180,000 UVAs; while for those who do not receive their salaries from the entity or request an amount greater than 180 thousand UVAs, the rate rises to 8%.Requirements and conditions to access the mortgage loan from Banco Nación:
- The maximum amount is 230,000 UVAs
- Financing is up to 75% of the sale value of the home to be purchased.
- Payment method in UVAs
- The ratio of the quota to the applicant's income must not exceed 25%
- The term to request the loan is 5, 10, 15, 25 and up to 30 years.
- The credit is intended for the purchase, change, construction, repair and expansion of first and second homes throughout the country.
- The maximum age to apply for it is not to exceed 85 years at the time of completing the payment schedule.
- This bank accepts up to two holders and two co-debtors.
www.buysellba.com
