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Mortgage loans: The first loan was given to a 31-year-old girl who bought a house in Devoto - La Nacion Propiedades
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Créditos hipotecarios: se entregó el primer préstamo a una joven de 31 años que compró una casa en Devoto
Se entregó el primer préstamo a una vecina que tendrá su casa propia en CABA
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May 22, 2024
The first mortgage loan was delivered to a neighbor who will have her own home in Villa Devoto
The first mortgage loan was provided for the purchase of a home in Villa Devoto
Less than a month after the news that revolutionized the real estate sector became known , the return of mortgage loans in Argentina , Banco Ciudad granted the first UVA loan . The entity received more than 14,000 applications in just 20 days.
Yamila Ciminera, a 31-year-old accountant, registered on the bank's website on May 8 and was informed a week later that her loan application was approved. She thus received a 20-year loan of $100 million that will cover 57% of the house to be renovated - worth $175,500,000 - that she bought in Villa Devoto , on the border with Villa Pueyrredón. Doing the numbers, the young woman who covered the remaining 43% (a little more than $75,000,000) of the value of the property with her savings will pay an initial monthly payment of $690,000. The signing of the deed took place at the Catalinas branch, at 1051 Leandro N. Alem Avenue, and was accompanied by the Head of the Buenos Aires Government, Jorge Macri, and the president of Banco Ciudad, Guillermo Laje.
The first mortgage loan was delivered: Yamila Ciminera, 31 years old, bought a house in Villa Devoto
"Three weeks ago we were one of the first to announce the loans and today we are granting the first to a young professional who with her partner decided to take this step of becoming owners , of having a life project," said Jorge Macri, head of Government. of the City of Buenos Aires. The official added that this has the "objective of supporting the middle class, those who work, those who fight every day and strive to move forward despite the difficulties."
Since the launch of the loans, on April 29, more than 14,000 applications were received through the Banco Ciudad web form , which are being managed with the completion of prequalifications and 250 are in the final process. And more than 4,000 people requested an appointment for in-person consultations at branches.
“It makes me very happy that so many people are in the final stretch of becoming homeowners. That, precisely, is one of the focuses we have in management: helping the middle class fulfill the dream of having their own roof,” said the Head of Government.
The Head of the Buenos Aires Government, Jorge Macri, the president of Banco Ciudad, Guillermo Laje, with the beneficiary of the loan
In turn, Laje stated: “ Our objective with these credits is to collaborate with the numerous family and personal development projects in housing, offering competitive products and agility in granting. In a few days, after the announcement, we finalized this first loan that accompanies Yamila to fulfill her dream of her own house, and soon there will be many more.”
Villa Devoto, the neighborhood chosen by the young woman who accessed the mortgage loan
Requirements to access credit from Banco Ciudad
- Those who already collect or migrate the accreditation of their salary to Banco Ciudad can access it . Clients will not be able to exceed 60 years of age in the case of women and 65 years of age for men under a dependency relationship at the end of the loan.
- The credit is to buy, renovate, improve or expand a family home, unique and permanently occupied, intended for a first home in Microcentro (within the perimeter of the Sustainable Urban Development Fund).
- The maximum loan amount is $250 million (up to 75% of the sales value of the unit to be acquired)
- The capital is adjustable by UVA
- It has an interest rate of 5.5% and 3.5% for the microcenter
- The terms are for 10, 15 and up to 20 years
- The fee should not exceed 25% of the income of the applicant and/or their family group
The bank offers the lowest rate to buy a property in downtown Buenos Aires
One thing to keep in mind is that an extension of the term can be requested if the amount of the installment to be paid exceeds 10% of the installment value resulting from having applied a capital adjustment to that loan by the Variation Coefficient. of Salaries (CVS) since its disbursement. In these cases, the original term of the loan may be extended by up to 25%.
“When the Microcenter Transformation and Reconversion Plan was launched, the objective was to turn it into an intelligent, sustainable and residential urban area. As part of this initiative, it was planned that Banco Ciudad would offer loans for the purchase of homes . Today that has come to fruition and it is a way to give life and momentum to that area that, after the pandemic, was greatly affected with completely empty office buildings and uninhabited spaces that were converted," Macri concluded, referring to the line with the rate. Lowest nominal annual rate on the market: 3.5%.
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