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What is the proposal of each of the UVA mortgage loans offered by 10 banks? - La Nacion Propiedades
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Cómo es la propuesta de cada uno de los créditos hipotecarios UVA que ofrecen 10 bancos
Se siguen sumando jugadores a la oferta del crédito hipotecario y surge la duda de cuáles son las condiciones que pone cada uno de los bancos para solicitar este préstamo
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May 11, 2024
Players continue to join the offer of mortgage credit and the question arises as to what conditions each of the banks sets to request this loan.
The real estate market continues to generate news and 10 banks speak out on the offer of UVA mortgage loans
Players continue to join the offer of UVA mortgage loans in the country. From Mortgage, Nación , Supervielle, Santader, Ciudad, Del Sol, ICBC, Bancor, Banco de Corrientes and Banco Provincia del Neuquén. The objective is clear: to facilitate access to housing for those who dream of having their own home. In the midst of this whirlwind of proposals, the query arises about what each one is like and how they differ from each other.
From the maximum amount, to the term, financing, interest rates to the income that those who request them must have. For those interested in requesting a loan of this type, the conditions and requirements of each of them are detailed below .
Mortgage loans will facilitate access to housing
Those who do not have a limit on the amount to lend
1) Santander Bank
- With a nominal annual fixed rate of 5.5% .
- The maximum term will be 20 years (240 months).
- Up to a maximum of 75% of the value of the property will be financed for the acquisition of permanent housing, and 50% for non-permanent housing.
- There is no limit on the amount to request
- The minimum income required will be $850,000.
- It is necessary to prove assets in Santander Argentina.
The bank gave an example: for every $10 million with a maximum term (240 months) the pure installment (principal and interest) would be $68,789. This is the original installment without the subsequent UVA adjustment, month by month, and for the purchase of a permanent home. The credit is launched on May 27 for those who want to sign up and receive information.
2) Supervielle Bank
- The minimum income must be from $1,000,000 for the purchase , and $450,000 for expansion, renovation or improvement, being able, in both cases, to joint remuneration with their spouses, cohabitants or parents.
- This credit has no limit on the amount.
- The capital is adjustable by UVAs.
- The rate for those who have a salary account in the bank is 4% for the first 12 months and then 5% . For their part, for clients who do not prove their salaries and for non-clients, the rate will be 8%.
- The maximum term will be 30 years.
- For permanent housing, 80% is financed , non-permanent 75%.
- The applicant must present documentation related to the property to be acquired or renovated/expanded.
- The credit fee may not exceed 25% of the verified net income.
Those interested will now be able to carry out an online simulation from the entity's website to obtain information about the fees and also the requirements, conditions, and receive the support of an executive in the application and granting process.
Loans up to $250,000,000
3) ICBC Bank
- The maximum amount is $250,000,000.
- Payment method in UVAs.
- A rate of 5% for those who have a salary account with the entity and 7.5% for the rest of the applicants.
- The ratio of the fee to the applicant's income is 25%.
- The term to request the loan is up to 15 years.
- Financing is up to 75% of the sale value of the property to be acquired.
- The credit is intended for the acquisition of first and second homes, renovations and extensions.
4) Mortgage Bank
- The credit is for up to $250,000,000 in a single disbursement in the case of the purchase of a home. 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 $125,000,000 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% and the first 12 installments for clients with credited assets in the bank have a rate of 4.25% , which means a 50% promotion in the first year (with the total financial cost : rate of 8.65% final; 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 start date would be May 15 .
The loans allow you to acquire a home, expand, renovate or completesirtravelalot - Shutterstock
The lowest rate
5) City Bank
This option allows you to buy a property located in AMBA, Córdoba, Mendoza, Tucumán or Salta :- Only those who already collect or migrate the accreditation of their salary to Banco Ciudad can access it.
- 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 $250,000,000 (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 has the credit with the lowest rate on the market but it has some limitations: you can only buy a property in downtown Buenos Aires . 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 and that includes San Juan, Entre Ríos, Callao, Sta. Fe, Leandro N. Alem avenues. and 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.
The credit has already been launched and can be requested online on the website or at the entity's branches by registering to be contacted.
Loan capital is adjusted by UVA
With an “anti-inflation” cap on fees
6) Banco Nación
- The maximum amount is $105,000 UVAs (about US$90,000 -at the MEP value- or approximately $90,000,000 ).
- The rate is 4.5% for bank clients
- Those who collect their salaries from the entity will have an “anti-inflation” option : when they apply for loans they will be able to contract an option that will allow them to cap the payment with a premium of 1.5% per year. The limit will result from applying an adjustment to the loan through the salary variation coefficient. The difference in the amounts will be transferred to the end of the loan updated by UVA, and once the payment schedule is finalized, the resulting balance will be rescheduled. This can be paid with a personal loan or with a mortgage extension.
- The financing is up to 75% of the sale value of the home to be purchased, which must not exceed a total of 140,000 UVAs (about US$120,000 -at the MEP value-).
- Payment method in UVAs .
- The ratio of the fee 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, exchange, construction, renovation and expansion of homes throughout the country as well as for the acquisition of a second home.
- The maximum age to request it must not exceed 85 years at the time of finishing the payment schedule
- Income from the cohabiting family group or from non-cohabiting co-debtors can be added.
Banks in the interior of the country
7) Bancor (Córdoba)
- 100% of the purchase of the property or construction and expansion or completion is financed .
- Per applicant (who are clients of the bank) a maximum of $90,000,000 or 100,000 UVAs is granted to date .
- The term for financing is between 5 and 20 years.
- The capital is adjustable by UVAs with a rate of 4.90% throughout the term.
- The maximum fee/revenue ratio percentage is 25%.
The initial loan is $17,000,000 (20,000 Grapes), with a fee close to $115,000 and with required income of $470,000 for the entire family group. Not only that of a couple can be computed but also that of the parents of both; The line is also for singles. For the maximum amount, the fee is $554,000 and income of $2,250,000 must be met. That is, for every $10,000,000, the fee today is $66,150.
Development companies that have an agreement with Bancor are included in the mortgage line. Their offer of housing (houses or apartments) or construction on lots that do not yet have deeds is also available and suitable to be financed with these credits and the same conditions apply as the rest, with the developer being the one who guarantees each operation so far. of the writing.
8) Provincial Bank of Neuquén
This bank offers two lines of credit that will be available for registration starting May 27:- The first line will be up to $50 million , which must be accessed with income of $890,000 and an initial fee of $300,000 will be paid. The second line will be up to $100 million . To access that amount, you must have income of $2,700,000 and an initial fee of $940,000 will be paid.
- For the first line, the rate will be 3.5% for bank clients with a product package and 4.5% for the rest of the cases. In the second line, the rate will be 8.5% for bank customers with a product package and 9.5% for non-customers.
- Payment is through the UVA methodology.
- Up to 80% may be financed in the case of acquisition and purchase and 100% for construction.
- It must be used for the purchase, construction and expansion of a first home.
- Intended for unique homes with permanent occupation , both for purchase and construction. In the latter case, the work must be carried out on its own land and free of occupation.
- The amortization period will be 20 years.
- The value of the fee may not exceed 35% of the net income.
Another financing for home expansion, renovation and completion will be through the personal loan modality, with a term of up to 72 months and a maximum amount of $15 million. The interest rates will be 50% for those who have accreditation of earnings in the BPN and 60% for those who do not.
The downtown area of Buenos Aires has the lowest rates in the mortgage market PATRICIO PIDAL - AFV
9) Current Bank
- Intended to finance the construction, acquisition, expansion and renovation of a single or second home, family destination or permanent occupation and purchase of land for general clientele.
- All natural persons who receive their earnings through crediting to accounts enabled at the Banco de Corrientes can access it.
- The term for the acquisition and construction of housing is 240 months ( 20 years ). For expansion, renovation or purchase of land it is 120 months (10 years).
- Maximum amount: up to 80% of the lowest value between warranty appraisal and purchase value is financed. For construction 80% of the project value.
- It is adjustable by UVA + fixed rate of 5% .
Announced
10) 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 is the second private bank to announce the return of loans, but has not yet made its conditions and requirements public.www.buysellba.com
