“Our efforts are to support companies, commerce, and industry, to sustain jobs while we wait for the long-awaited recovery,” added Llaryora.
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From the Córdoba administration they indicated that the Bancor credit line “is the only one in the country that finances 100% of the purchase of the property, and the most accessible for the middle sectors who will be able to qualify from 470 thousand pesos of income per group family”, as explained by the president of the entity, Raúl Paolasso.
Likewise, the package includes two lines aimed at home improvement. The first are personal loans for major projects, which require a significant investment to purchase construction materials and the second is for minor needs that can be channeled through plans with the Cordobesa Card.
“Most of the construction materials are Argentine materials, and the companies that build and the developers hire local labor,” Paolasso explained.
What the new Córdoba mortgage loans consist of
The mortgage line is for the acquisition, construction and expansion or completion of housing and has a limit of 50 billion pesos.
They are intended for families in Córdoba and also for single-parent households, that is, psingle people without children, with the possibility of adding contributions from the family group such as parents, spouses and cohabitants.
Mortgages grant a maximum of 90 million pesos per applicant to date and have financing of up to 20 years in Uvas with a TNA of 4.90%, the lowest in the market, throughout the entire term..
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The initial loan is 17 million pesos (20 thousand Uvas), with a payment close to 115 thousand pesos and with required income of 470,000 pesos.
Meanwhile, for the maximum amount the fee is 554,000 pesos and income of 2,250,000 pesos must be collected. This means that, for both cases, for every 10 million pesos, the fee is 66,150 pesos, to date.
The management of the entire loan is 100% digital and begins on the Bancor website, with personalized online support along with an advisor who guides the entire process.
The Bank of the Province of Córdoba established a quota of 35 billion pesos to finance construction, expansion and completion; and 15 billion pesos for the purchase of a single home 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.
