Argentina » Mortgages

For the typical Argentinean at this moment receiving a mortgage is not tough. The minimum net income necessary is around AR$ 1500 /month. An additional obligation is that you may not be older than 75 years on the approximation date of complete payback. Foreign nationals have must spend at least one year working legally in Argentina in order to get a mortgage.

Of course, you may be able to get a loan in your home country, but securing this exclusively on an Argentinean property will be difficult. However, mortgages are offered generally for periods of 5, 8, 10, 12, 15 and 20 years. Interest is around 7 - 10% for loans up to ten years, loans with duration of more than ten year are subject to approximately 8.5 - 11%. Interest rates move a lot in Argentina, so this is the general idea.