2023-06-28 01:01:13
The amount borrowed and the interest may be returned within a period of 120 monthly installments, until the year 2032. The amount of up to $4,000,000 will be used to improve single-use and permanent-occupancy homes, which may be used to cover the total budget of the work, as long as the loan does not exceed 50% of the appraisal value of the property prior to the work.
Once approved, the credit is delivered in two parts. The first part is used to start the work, while the second part is charged after a period of up to 6 months, depending on the progress of the tasks. In that instance, the bank will verify that at least 70% of the first disbursement has been used. In total, the spare parts must be completed in a maximum of 12 months.
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Banco Nación launched a credit line for housing.
The loan may be requested by employees in a dependency relationship, contracted, self-employed, monotributistas, retirees and pensioners, who are owners of the respective home.
To process the credit, the interested parties must have a budget and a work schedule signed by a qualified professional (engineer, architect or master builder).
It should be noted that the initial fee to be paid cannot exceed 30% of the income of the applicant(s) and up to two co-debtors. The most favorable conditions will be for clients who collect their assets through the public bank; otherwise they will have a higher interest rate.
How is the loan application made?
To request the loan, it is first necessary to gather a series of documents and records that are detailed for each type of client on the official website of Banco Nación, in the “Documentation to present” section.
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