How to get a credit to buy a house in Buenos Aires

Nowadays, the government of the city of Buenos Aires and the National Government are granting credits for people to buy a house. For this reason, many people have been looking for the requirements to apply in order to get the credit.

Even though each bank has its own requirements in order to grant a credit, we will now mention some key things that are quite similar in most cases. Nonetheless, remember to find out which particular things you need in each case and bank.

For starters, some banks have different minimums and maximums of age in order to apply for a credit, which can be for people over 18 or 21, up to the 65 years old approximately. The same happens with the minimum monthly income, which these days rounds the 2000 and 2500 Argentine Pesos, and you have the chance of summing your partner’s wage.

Moreover, each bank has a different a minimum amount of seniority at work.

In relation to the documentation you need to submit in order to apply for a credit, you will need: the Argentine ID (called DNI, LC or LE), a utility bill in your name, the CUIT or CUIL (identification number for workers), and according to your marital status, your marriage certificate, your divorce certificate, your certificate of cohabitation and/or birth certificate of your children, and a judicial sentence of separation.

In order to prove your working status, you may have to submit:

- If you are an employee: the last wage receipts (the amount of receipts depends on the bank), and an employment certificate done by the employer.

- If you are self-employed: professional registration, degree title, or municipal authorization, a certificate that proves the beginning of activity in the AFIP (institution in charge of taxes in Argentina), the affidavit of income, and its corresponding receipt of payment.

In relation to the property you want to acquire, you may need to submit some of the following documents:

- For already built houses: a photocopy of the title deed, and a receipt of the property or municipal tax that shows the “nomenclatura catastral" (identification of the house and its location). In case of apartments or horizontal properties, the cohabitation rules must be submitted as well.

- For houses to be built: the approved municipal planning.

As we have mentioned at the beginning, each bank will ask to submit different documents. Remember to keep all your documentation together and to make a copy of every document; Do not submit any original document, only a copy (still, you may have to show the originals, but do not submit those).