Banco Nación mortgage loans: how much is the monthly payment for $100,000,000?

Banco Nación maintains its UVA mortgage loan line for the purchase or exchange of a single or second home , with financing up to 75% of the property's value. This line features fixed terms, a term of up to 30 years, and preferential rates for those who receive their paychecks at the bank.

One of the key points of the loan is the initial installment amount, which starts at $550,519 , according to the simulator's official data. Additionally, the possibility of joining the CVS cap is added, which seeks to limit excessive installment increases based on salary.

Using the official Banco Nación simulator, you can calculate how much it would cost to finance part of a $100,000,000 home. In a scenario where the applicant receives their income in the bank and opts for the CVS cap, they can request a loan for 75% of the property's value , that is, $75,000,000 . With a 20-year term , the initial monthly payment would be $550,519 .

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The loan is equivalent to 49,070.6 UVAs , while the property was valued at 65,427.47 UVAs . This scheme requires that the household's monthly net income reach at least $2,202,076 , or $1,101,038 for the sole owner.

The credit is granted in a single disbursement and is adjusted by UVA, with a fixed Annual Nominal Rate (TNA) of 4.5% , and an effective annual Total Financial Cost (CFT) of 6.54% .

This alternative is aimed at those seeking predictability in their monthly payment and greater coverage against fluctuations in the UVA index, through a system that links monthly payment adjustments to salary developments using the Salary Variation Coefficient (CVS).

To apply for a UVA mortgage loan from Banco Nación, applicants must meet a series of conditions related to the purpose of the loan, income, and length of employment. The bank sets maximum amounts, available terms, and specific documentation, in a system that combines regulation and progressive access.

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Requirements:

• Permitted purpose: acquisition or change of sole or second home .
• Maximum financing: up to 75% of the property value , not exceeding 260,000 UVAs (today equivalent to $394,635,800 ).
• Disbursement: single, in a single installment.
• Possible terms: 5, 10, 15, 20, 25 or 30 years.
• Interest rates: from 4.5% APR if earnings are received through the BNA, with a final APR of 6.54% (with a CVS cap option).
• Minimum seniority:
• Employment relationship: 1 year (6 months in current employment).
• Contracted: 4 years.
• Self-employed or micro-entrepreneurs: 2 years, with specific conditions depending on the category.

In addition, supporting documentation will be required, which varies depending on employment status:

1. DNI of the applicant(s).
2. Pay stubs or proof of income.
3. Accounting certifications (self-employed or micro-entrepreneurs).
4. Proof of registration with AFIP.
5. Retirement/pension receipts, if applicable.