In a context of slowing inflation in which different banks began to announce the launch of mortgage credit lines indexed by inflation (in the so-called Purchasing Value Unit or UVA), Bancor joined the trend with the relaunch of its line for home acquisition and construction.
“We are on the side of the productive sectors, creating conditions to continue supporting companies and jobs, waiting for the long-awaited recovery,” said Governor Martín Llaryora when presenting the novelty at the Civic Center. The measure aims at a double purpose: to enable more Cordobans to buy or improve their home and to move economic activity by appealing to the lever of construction.
In this logic, the official entity had a quota of 50 billion pesos to lend in mortgages, the largest quota of them for construction ($25 billion) and expansion or completion ($10 thousand); and the rest for purchase ($15 billion). “We are starting with this quota that we can perfectly expand, we will see how it progresses. We will most likely finish it in three to four months; granting perhaps a thousand loans,” he estimated when asked by The voice Raúl Paolasso, president of Bancor.
The manager highlighted that other complementary variants are added to the mortgage line – whose differential in the market is that it allows 100% of the value of the home to be covered -: personal loans at UVA for home improvement for up to $16.8 million; and special benefits for purchasing materials with a Cordobesa card.
The Bank of Córdoba established a quota of $35 billion to finance construction, expansion and completion and $15 billion for the purchase of single homes for permanent occupancy. These funds, which will be injected into the market to respond to housing demand, will mobilize the real estate market and the construction industry in Córdoba.
Mortgages in detail
The credits are intended for families and single people without children, with the possibility of adding contributions from the family group such as parents, spouses and cohabitants. They grant per applicant a maximum, to date, of $90 million and have financing for up to 20 years at UVA, with a nominal annual rate of 4.90%, “the lowest in the market throughout the entire term.” Bancor highlighted.
The initial loan is $17 million (20 thousand UVA), with a fee close to $115 thousand and with required income of $470,000. Meanwhile, for the maximum amount ($90 million) the fee is $581,000 and income of $2,250,000 must be collected.
This means that for both cases, for every $10 million, the fee is $66,150 to date.
The management of the entire loan is 100% digital and begins on the Bancor website (www.bancor.com.ar), with personalized online support from an advisor who guides the entire process.
The properties that can be purchased with the credit and with the suitable bank are gathered on Bancor’s digital platform, Appto.
From there, those interested can access the offer of the main cities throughout the province, in an agile, complete and secure way. And in addition, owners and real estate agencies have the possibility of adding their properties for sale so that they enter the system.
Developmental line, including
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.
For borrowers of construction, expansion and completion loans, Bancor added a 10% discount on purchases made with a Cordobesa debit card in businesses affiliated with the Chamber of Hardware Stores, Sanitary, Iron and Related Products, and also plans of 3, 6, 10 and 12 installments for purchases with a Cordobesa credit card.
Along with the launch of the mortgage loans, Bancor made available a line of personal loans for housing for construction materials, furniture and home equipment for an amount of up to $16,800,000.
This is the “One Line” line, a single signature financing at a very low rate of 49% with terms of 12 and 24 months, and the UVA option at 4.9% annually and a term of up to 72 months.
These loans are managed directly at participating businesses without going through Bancor.
