Banco Ciudad cuts rate to 7.5% on its mortgage loans for home upgrades
Banco Ciudad cut the fixed rate (TNA) on its UVA mortgage loans for home upgrades from 9.5% to 7.5%, aimed at existing owners seeking a larger home. The line offers terms of up to 25 years and a maximum amount of AR$200 million, and now allows financing simultaneous buy-sell transactions. According to the bank, the cut is backed by new funding obtained through its participation in FGS Anses tenders.
In 40 seconds
- The fixed rate falls from 9.5% to 7.5% TNA, with terms of up to 25 years and a maximum amount of AR$200 million.
- The line is for legal adults with income at Banco Ciudad, or monotributistas and self-employed workers with the Paquete Crecer.
- It finances up to 75% of the property and the installment cannot exceed 25% of net income.
IASummary generated by artificial intelligence from a story by Infobae. It may contain errors: the original source prevails.




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