Banco Nación mortgage loans: how to access a home with a payment starting at $696,434

UVA mortgage loans from Banco Nación are consolidating as one of the most affordable options on the market for those looking to purchase, change, or invest in a home. With a down payment starting at $696,434 and financing up to 75% of the property's value.

The program allows borrowers to apply for up to the equivalent in pesos of 260,000 UVAs , with terms of up to 30 years and a fixed annual nominal interest rate of 4.5% for those who receive their pensions at Banco Nación. Financing is available to salaried employees, self-employed individuals, and retirees, with specific requirements depending on the applicant's employment status.

To purchase a property worth $150,000,000 , the required amount is 75% of the value , or $112,500,000 . The initial payment is $696,434 , according to the official Banco Nación simulator. This option corresponds to a loan in UVAs , with a 30-year term , with payments received from the BNA (National Bank of Argentina) and adherence to the CVS cap option , which limits the evolution of the payment in the face of increases above the salary index.

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The simulation yields the following data: the loan is equivalent to 75,901.71 UVAs , with a UVA installment of 469.87 and an updated UVA value of $1,482.18 . To qualify, applicants must demonstrate a monthly net income of at least $1,392,867 if a single holder , or $2,785,735 if more than one person is responsible for the loan .

This loan is intended for the acquisition or exchange of a permanent, sole residence and can also be applied to a second home , under certain conditions. The maximum amount financed is the equivalent in pesos to 260,000 UVAs , which at the current value of the unit represents $381,147,000 . In the case of purchase, Banco Nación will finance up to 75% of the property's value , always based on the lower of the appraisal and purchase price. For those replacing their sole, permanent residence, up to 100% of the difference between the new property and the previous one can be financed.

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The disbursement is a lump sum , and the loan can be extended over 5, 10, 15, 20, 25, or 30 years . There are different conditions depending on the applicant's profile:

• Employment relationship : minimum of 1 year of total seniority , with at least 6 months in the current job .

• Contracted : at least 4 years with a valid contract .

• Self-employed : 2 years of professional practice accredited by a sworn declaration of earnings.

• Monotributistas : 2 years of registration in the monotributo and at least 1 year in the current category .

• Retirees and pensioners : must present the last 3 receipts .

The documentation required includes ID, income tax receipts, tax returns, and accounting certification for self-employed individuals. The fee is adjusted based on the UVA value, but those paid through Banco Nación can opt for the CVS cap , which limits the increase if the salary index is lower than the UVA adjustment, incorporating an additional premium into the financial cost.