Real Estate Sales Mortgage loans: which banks offer the lowest rates for buying an apartment? - La Nacion Propiedades

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Mortgage loans: which banks offer the lowest rates for buying an apartment? - La Nacion Propiedades





Source:

Créditos hipotecarios: cuáles son los bancos con las tasas más bajas para comprar un departamento

Conocer qué entidades bancarias otorgan las tasas más bajas a la hora de solicitar un préstamo puede hacer que se termine de definir la decisión

www.lanacion.com.ar

May 13, 2025




Knowing which banks offer the lowest rates when applying for a loan can help you make the final decision.

lower interest rate on a mortgage loan means the loan is cheaper to pay off.SuperOhMo - Shutterstock



In a constantly changing real estate market , new players have entered the market and changed the rules of the game . The most revolutionary one so far: the return of mortgage loans . Thanks to this form of financing, more people can access the possibility of at least considering buying their own home.



And this option is already evident in the numbers: in March 2025, 4,747 deeds were executed in the Autonomous City of Buenos Aires . Of these, 992 were formalized with mortgages , a 1,042% increase compared to the same month last year. This is the sixth consecutive month in which 1,000 credit transactions have been recorded.



"It's a fairly stable number, but it wasn't a sudden increase like Macri's UVAs," the Notaries Association analyzes, adding: "To put this into perspective, in March 2018, there were more than 6,000 transactions, of which 2,200 were mortgages. That is, more than 30%. Now, in March 2025, the share of loans will be around 20%."

Specialists agree that greater macroeconomic stability is needed to increase the number of mortgage loans granted . A recovery in real wages and stable inflation are also necessary to open up access to mortgage loans for more people. Furthermore, everything will depend on the banks' funding capacity, so they can continue lending money to borrowers.

The importance of knowing the rate of a loan​

Since the end of April 2024, 24 banks have launched UVA (Purchasing Value Unit) loan lines, enabling more and more people to access their own homes. These lines offer rates ranging from 3% to 14% , with benefits for those with bank payroll accounts.



Taking out a loan to purchase a home is one of the most important decisions in life , as it has a significant impact on an individual's or family's financial situation . Therefore, it's important to take certain considerations into account before taking on the responsibility. One of these is the amount of money that must be allocated each month to make each installment .



In general, a lower interest rate on a mortgage means a cheaper loan . However, it's important to keep in mind that loan payments can fluctuate over time due to inflation . "The mortgage rate will have a greater impact on the total payment than the term of the loan," explains José Rozados, director of Reporte Inmobiliario. Therefore, real estate market analysts agree that the lower the rate, the cheaper the loan.

The lower the rate, the “cheaper” the loan will be.Shutterstock

The 5 banks with the lowest rates​

1) The lowest rate: Banco Municipal de Rosario​

Banco Municipal de Rosario launched its "NIDO" mortgage credit lines , with the goal of granting UVA loans to the entire province of Santa Fe at the lowest rate on the market: 3% for its payroll account customers and 4.2% for those who do not receive their paychecks there.

Conditions and requirements of the bank with the lowest rate:

• The credit grants up to $100 million
• Finance 75% of the property's value
• The maximum payment term is up to 20 years (240 installments)
• Amortization system: French , monthly
• The capital is adjustable by UVA
• The monthly fee payable cannot exceed 25% of the applicant's income.
• All residents of the province of Santa Fe , between 18 and 65 years of age, who have demonstrable income, may apply. They may be: employees in a dependent relationship or independent workers (self-employed or micro-entrepreneurs).
• Income can be combined with other co-owners as long as the signatories are up to the third degree of consanguinity, that is: father or mother, spouse or partner, siblings and children, grandparents, uncles
• Maximum age to cancel the loan: 75 years
• Minimum seniority of one year

Registration or application is 100% online through the bank's website.

2) City Bank​

The Bank of the City of Buenos Aires offers a promotional rate of 3.5% for purchases in downtown Buenos Aires and the south of the city, while for the rest of the areas the rate is 5.5%.

Requirements and conditions for purchasing a property with a loan from Banco Ciudad:

• Those who already receive or migrate their salary accreditation to Banco Ciudad can access it.
• The loan is for the purchase, renovation, improvement or expansion of a first or second permanent or non-permanent home in all areas of influence of Banco Ciudad ( AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta )
• The maximum loan amount is $350 million (up to 75% of the sale value of the unit to be acquired, and for the modality in which the applicant presents guarantor - up to two maximum -, the maximum financing amount is up to 65%)
• The capital is adjustable by UVA
• The terms are up to 20 years
• The fee must not exceed 25% of the applicant's and/or family group's income.
• The credit can be prepaid in advance.
• Allows you to add the income of up to six people

3) Bank of Neuquén​

The provincial entity has different rates for two types of lines:

• The first has the lowest rate of 3.5% for clients with accreditation and a product package, and the other, at 4.5%, covers self-employed and micro-entrepreneurial clients. The second line
• The first line grants up to $75 million and has the lowest rate: 3.5% for clients with credit and a product package, and 4.5% for self-employed and micro-entrepreneurs. The second line is for up to $150 million , with a rate of 8.5% for bank clients with a product package and 9.5% for those who do not collect their paychecks.

Requirements and conditions for credit from Banco de Neuquén:

• Finance up to 80% for acquisition and 100% for construction
• Intended for single-family homes and permanent occupancy , both for purchase and construction. In the latter case, the construction must be carried out on land owned and unoccupied.
• The amortization period is up to 20 years.
• The value of the fee cannot exceed 30% of the income
• Minimum age is 18 years and the maximum is 65 years
• Not having a current loan for construction, remodeling and/or expansions
• The building or property must be located in the Province of Neuquén

Bank rates range from 3% to 14% Cristian Storto - Shutterstock

4) Bank of Chubut​

The Chubut Provincial Bank grants UVA loans for the purchase, construction, completion, and renovation of permanent and non-permanent housing , provided that the housing is not used for commercial or professional purposes and is located within the province of Chubut. In this case, the Annual Nominal Rate is also 3.5% for those with a payroll account and 8% for those without deposits in the bank.

BCH mortgage loan conditions:

• The loan provides up to $200 million for both acquisition and construction, and finances 75% of the property's value . In the case of completion, up to 60% of the budget value is financed, with a maximum of up to $75 million. 100% is applicable, but not exceeding 35% of the collateral value, up to a total of $75 million.
• The maximum payment term is up to 20 years (240 installments) and a minimum of 5 years (60 installments).
• Amortization system: French , monthly
• The capital is adjustable by UVA
• The monthly fee to be paid cannot exceed 25% of the applicant's income.
• All residents of the province of Chubut , between 18 and 65 years old, can apply.

5) Banco Nación​

The rate at the country's largest bank is also among the lowest on the market . In this case, the rate is 4.5% for payroll account customers requesting up to 180,000 UVAs; while for those who don't collect their paychecks from the bank or request more than 180,000 UVAs, the rate rises to 8%.

Requirements and conditions for accessing a mortgage loan from Banco Nación:

• The maximum amount is 260,000 UVAs
• Financing is up to 75% of the sale value of the home purchased.
• Payment method in UVAs
• The ratio of the fee to the applicant's income must not exceed 25%.
• The term to request the loan is 5, 10, 15, 25 and up to 30 years
• The loan is intended for the purchase, exchange, construction, renovation, and expansion of first and second homes throughout the country.
• The maximum age to apply is not to exceed 85 years at the time of completing the payment schedule.
• This bank accepts up to two account holders and two co-signers.

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