A few days ago, the National Government has
launched a new Mortgage Loan plan. During 2012 and 2013, 100.000 mortgage loans
will be granted. The idea of this new launching of loans is to promote the
construction business, and help the economy to move and generate jobs, as well
as providing people new homes.
The Mortgage Loans will be granted by the
“Banco Hipotecario” with funds from the ANSeS (National Social Security
Administration).
The Plan aims at people between 18 and 65 years
old, without a minimum income amount. The loans will be up to $350.000
(Argentine pesos).
According to the family income and the type of
credit that the person wants and the amount, the payment period will vary (installments
are to be paid in 20 to 30 years), as well as the interest rate.
In addition, according to the loan plan, you
can access to one with or without having your own plot of land. For those who
do not own their own plot of land, the government will provide 1.700 hectares
of Public Land around the country. All those who qualify to receive the loan mortgage
(and don’t have a plot) will take part in a draw done by the national lottery.
On the other hand, the interest rates will be
fixed during the first years. Afterwards, they will be variable, between 4% and
18% according to the type of loan.
The Mortgage Loan Plan is part of
the “Programa Creditos Argentinos del Bicenterario para la vivienda única”. Its target is wide, since it aims to
reach all social groups, in order all of them can get their own house, and, in
the mean time, the economy and all its sectors continue moving.
