Banco Nación Raises UVA Mortgage Rates and Adjusts Conditions

On August 11, 2026, the Banco Nación in Argentina raised the Tasa Nominal Anual (TNA) on its UVA mortgage loans from 6% to 6,7% for customers who receive their salaries through the institution, according to reporting by Ambito.com and Infozona.com.ar. This 0,7 percentage point increase shifts borrowing costs for the country’s primary home-purchase financing alternative, which applies to single-family, permanent-occupancy homes valued at up to 210.000 UVAs.

New Banco Nación Mortgage Rates and Property Caps

The preferential 6,7% rate requires borrowers to have their paychecks deposited directly into a Banco Nación account. For applicants who do not receive their salary at the bank, the general TNA is 12% annually, as reported by Ambito.com.

Infozona.com.ar noted that the 12% rate also applies to secondary home purchases, construction projects, home expansions, renovations, and property values exceeding the 210.000 UVA threshold. Financing for those higher-tier properties is capped at 350.000 UVAs.

Borrower Protections and Loan Execution Costs

Loans utilize capital that adjusts via the UVA index tied to the CER, employing the French amortization system. The bank permits up to two main applicants and two co-debtors who must be first-degree direct family members, according to Ambito.com.

Borrowers securing the lower rate can opt into a salary protection scheme where the monthly payment adjusts according to the Coeficiente de Variación Salarial (CVS) if wages grow slower than the UVA index. Additionally, Infozona.com.ar reported that utilizing MEP dollars for a real estate transaction incurs a 0,5% commission fee, while early cancellation carries a 4% fee outside of specific policy exceptions.

Market Context and Debt-to-Income Evaluation

The adjustment arrives during a period of recovery for the mortgage market. Ambito.com noted that July 2026 saw approximately u$s202 millones disbursed in UVA loans, marking the highest monthly volume since December 2025.

Despite the rebound, lending remains 28% below the average monthly volume recorded during the pre-electoral period of 2025. Andrés Salinas, an economist and professor at the Universidad Nacional de La Matanza (UNLaM), told Ambito.com that bank lending decisions rely heavily on the Debt-to-Income (DTI) ratio rather than just the monthly payment amount, evaluating existing debts against verifiable income before determining loan size.