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After a hot month in the real estate market marked by the return of mortgage credit in ArgentinaBanco del Sol -of the Sancor Seguros group- announced the conditions and requirements of its line. In this way already there are 13 entities that communicated their lines: Mortgage (the first to do so), ICBC, Nación, Ciudad, Supervielle, Galicia, Macro, BBVA, Santander, the provincials of Córdoba, Neuquén and Corrientes, and the aforementioned Del Sol.
He Sancor Seguros digital bank had been the fourth entity to report the launch of its UVA credit lines, but today he announced his conditions for the acquisition of first and second home, as well as for extension and renovation that are requested through their website. The rate For clients who prove their salary to the entity it is 5.5%, while for those who do not, it is 8.5%. Furthermore, the terms available for credit will be up to 20 years and the currency used is UVA.
A key fact to keep in mind is that It is allowed to add income with a spouse or cohabitant and there are no limits on the amounts maximums to request.
On the other hand, for the purchase of a single and permanent home, Up to 80% of the appraised value of the property is financedand for the purchase of non-permanent housing, up to 70% of the appraisal value. Refering to extensioncan be financed up to 100% of the remaining work value according to the work budget, without exceeding 35% of the current value of the guarantee. Likewise, for housing renovationit is up to 100% of the value of the work budget without exceeding 25% of the current value of the guarantee.
It must be taken into account that, in case the credit installment exceeds the value by 10% adjusted by the Salary Variation Coefficient (CVS)the Central Bank of the Argentine Republic (BCRA) establishes that The loan term will be extended by up to 25%. The fee will be adjusted by CER, and the amount will be determined according to the value of the UVAs at the time of loan settlement. The loan will be disbursed in pesos in the Banco del Sol Savings Bank, and the appraisal and writing expenses will be borne by the client.
1) Santander Bank
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 creditand launches on May 27 for those who want to sign up and receive information.
2) Supervielle Bank
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.
3) Macro Bank
4) BBVA Bank
5) Bank Galicia
6) ICBC Bank
7) Mortgage Bank
8) City Bank
This option allows you to buy a property located in AMBA, Córdoba, Mendoza, Tucumán or Salta:
He Banco Ciudad 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, Sta. 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.
9) Banco Nación
10) Bancor (Córdoba)
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. His 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.
11) Provincial Bank of Neuquén
This bank offers two lines of credit that registration will be available starting May 27:
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.
12) Current Bank
THE NATION
