Hear
Two new private banks join the launch of UVA mortgage loans. After five years of having almost zero supply, There are already 13 entities that in less than a month announced their loan lines.
Today, BBVA and Galicia joined the other entities (Mortgage, Macro, Nación, Supervielle, Santader, Ciudad, Del Sol, ICBC, and the provincial ones of Córdoba, Corrientes and Neuquén). BBVA, adjusted by UVA, with a of: 6.5% for those who prove at least three months of salary in the entityand of 9.5% for those who don’t. In the case of Galiciacapital is also adjusted by UVA, with a 5.5% interest rate for those who prove their assets in the bank and 7.5% for those who do not receive their salary there.
Both banks offer the loan no maximum amount; in Galicia, with a term of up to 30 years in the case of home purchasesand of up to 10 years for those that are intended for renovation and expansion. For its part, BBVA offers a period of up to 20 years.
The Galicia launches today, while the BBVA can be accessed from June 15. The first offers three lines: for the acquisition of a single and permanent home, for the purchase of a second home and for the extension or renovation of a home. In the case of purchasing a first and second home, up to 80% is financed, and 50% for expansion and renovation. For his part, the BBVA offers a line of credit that finances up to 80% of the value of the property for permanent use and is intended for the purchase of first or second home.
For its part, in the case of BBVA the relationship between credit installment and income of the applicant may be up to 25% and they can add income between spouses or couple to access the line. A key fact to keep in mind is that If you wish to pre-pay the debt the expense will be 3% plus VAT on the remaining balance.
“At BBVA we want to be the bank that accompanies people at all stages of life, offering products and services according to the needs of each stage. The possibility of accessing a home is one of those key moments, which is why we are very excited to offer our clients UVA mortgage loans to help them take a very important step,” said Juan Kindt, director of Business Development at BBVA in Argentina.
Galicia makes it a condition that the amount does not exceed 25% of the applicant’s income. Anyway, The income of the spouse, cohabitant or family group (up to four people) may be added to purchase the home.. If applicable, the loan has subsidized life insurance and fire insurance that is included in the payment. In addition, the appraisal cost is discounted. It is important to note that a partial and total pre-cancellation can be made at no cost.
“Access to one’s own home is a desire shared by everyone. Being facilitators of that dream through our mortgage loans drives us to continue working to offer the most flexible options and exclusive benefits, such as the possibility of adding up to four incomes to be a beneficiary of the loan,” says Fabián Kon, General Manager. from Galicia.
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 launches May 27 for those who want to sign up and receive information.
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.
The start date would be during May.
This option allows you to buy a property located in AMBA, Córdoba, Mendoza, Tucumán or Salta:
The City Bank has the credit with the lowest rate on the market but this has some limitations: you can only buy one property in the Buenos Aires microcenter. 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 microcenter area is the one located within the perimeter included by the Sustainable Urban Development Fund (Fodus) program and that It includes San Juan, Entre Ríos, Callao, Santa Fe, Leandro N. Alem and Paseo Colón avenues, 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 it can be requested online on the website or at the entity’s branches by registering to be contacted.
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. Your 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 until the moment of deed.
This bank offers two lines of credit who will have registration available starting May 27:
Another of the financings for extension, renovation and completion of housing It 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.
PATRICIO PIDAL – AFV
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 housing. This is the second private bank to announce the return of loans, but has not yet made its conditions and requirements public.
THE NATION
