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There are now four: Another private bank joins the launch of mortgage loans - La Nacion Propiedades
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Ya son cuatro: otro banco privado se suma al lanzamiento de créditos hipotecarios
Es la cuarta entidad bancaria en anunciar créditos hipotecarios UVA en una semana; de cuál se trata
www.lanacion.com.ar
April 30, 2024
It is the fourth banking entity to announce UVA mortgage loans in a week; what is it about
It is the fourth bank to add mortgage loans in a week
In the middle of a hot week in the real estate market , marked by the launch of new mortgage loans in Argentina , after five years of their almost non-existence, a fourth bank joins the three entities that have already made their announcements ( Mortgage, City and Supervielle ) in search of the dream of owning your own home: Banco del Sol.
The Sancor Seguros digital bank will join the mortgage market to offer its clients financing options in UVAs for the purchase, construction, expansion and/or renovation of a home.
“This strategic step reflects the vocation we have to constantly accompany our clients. “We recognize the current challenges and believe in our ability to contribute positively to the well-being of our users,” says Gabriel Guglielmino, CEO of Banco del Sol.
“This news is a very good sign that no one wants to be left out of the market and that they are betting heavily on the normalization of the economy,” analyzes Federico González Rouco, an economist who closely follows the real estate market and is author of the book El Sueño de own house He also adds that this reflects an upcoming market in which entities will begin to fight over rates, which will mean lower fees for those who want to buy an apartment.
There are now four banks that announced new lines of mortgage credit
“Without a doubt, last week's announcements were a kick-start for other banks to accelerate the process, so as not to lose customer market share ,” acknowledged José Rozados, founder of Reporte Inmobiliario , at Data Day, the event that organized the platform last Thursday in Puerto Madero.
The first to make the announcements of the return of credit was Banco Hipotecario, which communicated a line for the purchase, construction, completion or expansion of a house . For its part, Banco Ciudad also made official yesterday through a press conference the launch of new mortgage loans for the acquisition, renovation, improvement and expansion of homes , both unique and permanent, as well as non-permanent, which can now be requested yesterday. . And Supervielle, the first private bank to do so, has not yet made its conditions and requirements public, but when consulted by LA NACION, it said that this Saturday, May 4, its detailed proposal will be on the website and in a quota simulator.
Requirements and conditions to access new loans from Banco Hipotecario
The requirements that the Mortgage Bank sets as a condition to buy, build, finish or expand a house are the following:- The credit is for up to $250 million in a single disbursement in the case of a home purchase. For construction the amount is the same but with an advance payment and two disbursements against progress of the work. In the case of termination or expansion, it is up to $125 million in a single disbursement.
- They finance up to 80% of the home to buy or build . Up to 50% in case of completion of work. And 100% for expansion.
- The credit must be used for the purchase, construction, completion or expansion of a first or second home .
- It has a rate of 8.5% . The first 12 installments for clients with bank credit have a rate of 4.25%, which means a 50% promotion in the first year (with the total financial cost: final rate of 8.65%; 4.4% final the first year for salary accounts).
- The maximum payment term is 360 months (30 years) .
- The capital is adjustable by UVA .
- The monthly fee payable cannot exceed 25% of the applicant's income.
The fine print of Banco Ciudad's mortgage loans
To buy a house in AMBA, Córdoba, Mendoza, Tucumán or Salta
- Those who already collect or migrate the accreditation of their salary to Banco Ciudad can access
- The credit is to buy, renovate, improve or expand a permanent or non-permanent first or second home in all areas of influence of Banco Ciudad ( AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta ).
- The maximum loan amount is $250 million (up to 75% of the sales value of the unit to be acquired)
- The general line has an interest rate of 5.5%
- The capital is adjustable by UVA
- 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
Banco Ciudad offers a lower rate to buy in downtown Buenos Aires
To buy a house in the Buenos Aires downtown
For those who carry out a transaction to purchase a single family home with permanent occupation in the downtown area, the interest rate is 3.5%. The other requirements are those already detailed in the previous line of credit.
It is important to indicate that the downtown area is the one located within the perimeter included by the Sustainable Urban Development Fund (Fodus) program that includes San Juan Avenue, Entre Ríos Avenue, Sta. Fe Avenue, Leandro N Avenue. . Alem, Avenida Paseo Colón, on both sidewalks. The Buenos Aires Government's plan to promote the reactivation of the downtown area includes tax benefits for developers who convert offices into homes or facilities for those who move to the downtown area as tenants. Now add this line of credit for those who want to buy a home in that area.
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