In the midst of the mortgage credit boom, Sancor Seguros’ digital bank launched its own proposal with a French amortization system.
Banco del Sol presented the details and requirements to access UVA Mortgage Loans. Your proposal will offer various financing options for the acquisition of first and second homes, as well as for the expansion and renovation of the first home.
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Mortgage loans: how much will the rate be and how the fee will be adjusted
The digital bank of SANCOR INSURANCE will provide a French amortization system and the interest rate will be fixed. In this sense, for clients who prove their salary at Banco del Sol, The rate will be adjustable pesos per UVA plus a TNA of 5.5%, while for those who don’t, The rate will be adjustable pesos per UVA plus a TNA of 8.5%. Furthermore, the terms available for credit will be up to 20 years and the currency used will be the UVA.
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The SANCOR SEGUROS digital bank will provide a French amortization system and the interest rate will be fixed.
Banco del Sol mortgage loans: what the credit can be obtained for
In addition, It will be allowed to add income with a spouse or cohabitant, with no limit on the maximum amount 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 will be financedand for the purchase of non-permanent housing, up to 70% of the appraised value.
Regarding the expansionup to 100% of the remaining work value may be financed according to the work budget, without exceeding 35% of the current value of the guarantee. Likewise, for housing renovation, up to 100% of the value of the work budget will be financed without exceeding 25% of the current value of the guarantee.
Besides, andl Central Bank of the Argentine Republic (BCRA) establishes that if the quota exceeds the value adjusted by the Salary Variation Coefficient (CVS) by 10%, 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.
