2023-04-18 19:32:54
Banco Ciudad de Buenos Aires has launched a loan with a subsidized rate to promote housing rentals in the downtown area of the city. The loan grants more than $270,000 to cover the initial expenses linked to the income, such as the move, the deposit, the guarantee, the month in advance, among others, and it can be repaid in monthly installments during the three-year period that the loan lasts. rental contract.
The credit is available both on the Banco Ciudad website and in the branches and will be updated according to inflation. In addition, the nominal annual rate (TNA) stands at 47%well below common personal loans and banks pay for fixed terms.
To access the loan, both clients and non-customers of Banco Ciudad can do so, including employees in a dependency relationship, independent workers, monotributistas, retirees and pensioners. Fees should not affect more than 30% of the applicant’s or family group’s income, so In order to receive the $270,000 and repay it in three years, paying installments of $16,470, the blank income must be greater than $54,900 per month.
The Instituto de Vivienda de la Ciudad (IVC) offers other financial assistance programs aimed at low- and medium-income tenants to rent in any Buenos Aires neighborhood, such as the Guarantee +Easy and Renting +Easy.
The first is intended for families who do not have a property guarantee and who earn up to 7 minimum wages per month, and allows them to obtain surety insurance with a bonus of 70%. The second is intended for families that earn up to 7 minimum wages per month and allows them to access a loan of up to three months of rent. Both programs will be updated for inflation.
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