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New UVA Mortgage Loans: the details of the loans offered by Banco Ciudad from today - Infobae
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Nuevos Créditos Hipotecarios UVA: los detalles de los préstamos que ofrece desde hoy el Banco Ciudad
El jefe de Gobierno porteño, Jorge Macri, anunció las nuevas líneas este lunes. Están destinadas a adquisición, refacción, mejora y ampliación de vivienda
www.infobae.com
April 29, 2024
The head of the Buenos Aires Government, Jorge Macri, announced the new lines this Monday. They are intended for the acquisition, renovation, improvement and expansion of housing.
The new loans have financing of up to $250 million with terms of up to 20 years
The Head of the Buenos Aires Government, Jorge Macri , launched this Monday the new mortgage loans from Banco Ciudad for the acquisition, renovation, improvement and expansion of homes , in a measure that seeks to benefit the middle class and support development in the Microcenter area . The new loans have financing of up to $250 million with terms of up to 20 years in Purchasing Value Units (UVAs) , plus an interest rate from 3.5% Annual Nominal Rate (TNA) .
According to the City, they are credits that stand out for their accessibility, for example, in relation to the amount of the monthly payment: for every $10 million requested over 20 years to acquire a home in the Microcenter of CABA , the initial monthly payment is of $58,149.
Likewise, with respect to the fee-income relationship, if the person, family or group of borrowers have an income of $1,930,000, they can access, as an example, a loan of $70 million, with an initial fee of $482,000.
The fees will be indexed by UVA), plus an interest rate from 3.5% Annual Nominal Rate (TNA). (Telam)
What do you need to know about new mortgage loans?
• They are for the acquisition, renovation, improvement and expansion of homes, both unique and permanent, as well as non-permanent.• Financing reaches up to $250 million, with terms of up to 20 years.
• Includes two mortgage lines with similar characteristics.
• A line that allows you to acquire a first and second home in all the areas of influence of Banco Ciudad (AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta), and another for the acquisition of a family home, unique and for permanent occupation in the Microcenter of the Autonomous City of Buenos Aires.
• Both are in UVAs, the general line has an interest rate of 5.5% + UVAs, and the Microcentro line has an interest rate of 3.5% + UVAs.
• The credits will be available starting today, Monday, April 29, through the Banco Ciudad website and in all the entity's branches.
• They allow financing up to 75% of the sale value of the property to be acquired.
• The fee-income ratio must not exceed 25% of the applicant's net income and/or
of your family group.
• For every $10 million requested over 20 years to purchase a home in the CABA Microcenter, the initial monthly payment is $58,149.
• If the person, family or group of borrowers have an income of $1,930,000, they can access, as an example, a loan of $70 million, with an initial payment of $482,000.
• 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 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%.
What Jorge Macri said about UVA credits
“We opened registration for two lines of mortgage credit. One is for those who wish to acquire a first or second home in the areas of influence of Banco Ciudad: AMBA, Córdoba, Mendoza, Tucumán and Salta . And the other is for Buenos Aires residents who want to access a unique and permanent family home in the Microcentro area. Also to carry out the reforms and expansions,” said Jorge Macri, who was accompanied by the Deputy Head of Government, Clara Muzzio ; and the president of Banco Ciudad, Guillermo Laje .Likewise, he indicated: “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. We believe that if we help a little with the effort they will achieve that freedom that comes from being able to put your head on the pillow and say, this place where I am sleeping, even if it takes 20 years, will be mine, which is the dream of housing. ”.
Financing will be available in the areas of influence of Banco Ciudad: AMBA, Córdoba, Mendoza, Tucumán and Salta
In turn, he maintained: “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 is materialized 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.”
On the other hand, Muzzio said: “These new loans from Banco Ciudad are a key tool so that more and more families can leave behind the effort of paying rent and have the opportunity to access their own home or expand or renovate the one they already have. have".
Both mortgage lines are in UVAs. The general line has an interest rate of 5.5% + UVAs, and the Microcentro line has an interest rate of 3.5% + UVAs . The specific line accompanies the plan of the CABA Government, which aims to develop and invest in the Microcenter, through housing incentives and tax benefits in strategic activities.
These credits will be available through the Banco Ciudad website and in all the entity's branches and allow financing up to 75% of the sale value of the property to be acquired. In turn, the fee-income ratio must not exceed 25% of the net income of the applicant and/or his or her family group.
The Head of Government added: “Every measure we promote is the product of management that takes care of resources to offer Buenos Aires residents a better quality of life. In this Government, resources are managed efficiently and reordering priorities.”
