National Bank Argentina Introduces UVA Mortgage Line Joining Other Major Banks: Loan Details and Comparison

this wednesday, he National Bank Argentina (BNA) presented the line of beliefs UVA Mortgages. The entity led by Daniel Tillard offers this type of loans up to 30 years which will be valid from 20 May.

With this announcement, the BNA joined the proposals of five other banking groups that already have these loans available: Banco Ciudad, Banco Supervielle, ICBC, Bancor and Hipotecario.

Below is a review of the UVA mortgage loan proposals offered by banks.

Regarding the Banco Nación, the maximum loan amount is equivalent in pesos of 105,000 UVAs, which represents US $89,000 or $93,828,000.

It can be used to acquire unique and permanent homes that have a value of up to 140,000 UVAs, the highest interest UVA + 4.5% TNA. The terms can be 5, 10, 15, 20, 25 or 30 years. People in employment in a dependent relationship, retirees and/or pensioners who receive their salary through the BNA can access it. The age limit to write off loan obligations is 85 years.

In a case Mortgage, the rate is UVA + 8.5% and a repayment period of up to 30 years. It can be used to buy a first or second home and finance up to 80% of the value. The maximum amount is $250 million.

Meanwhile, Banco Ciudad is offering two 20-year lines for up to $250 million. One of them is aimed at converting the microcenter into a residential area and has a UVA level of +3.5%. The other has a cost of UVA + 5.5%, which can be used to pay for the first or second home in any area.

For his part, Banco Supervielle offers UVA mortgage loans with no amount limit, with terms of up to 30 years. For those who collect their salary from the bank, the UVA rate will be +4% for the first 12 months and then increase to 5%. At the same time, for clients who do not confirm their salary, the rate will be UVA + 8%. It will also be available to non-customers. The minimum income of the family group must be one million pesos to qualify for a loan to buy a home, although it is lower for renovation.

he is ICBC bank also joined the proposal, with UVA’s mortgage to be paid off in up to 15 years. In addition, this credit offers a rate of UVA + 5% for those who credit their assets in the bank and 7.5% for the rest of the applicants.