If you have a UVA Pledge Loan or 1st Home Mortgage Loan, your loan may be affected in the following way

We inform you that within the framework of the expansion of the health emergency provided by Decree No. 260/20, Decree No. 319/2020 was issued which established the freezing of the value of the quotas for the period April 2020 to September 2020 inclusive, taking as reference quota the month of March 2020 of First Home Mortgage Loans and UVA Pledge Loans –

On the other hand, Decree No. 767/2020, extends DNU 319 and establishes the freezing of quotas for the period April 2020 to January 2021 inclusive, taking as a reference quota the month of March 2020, UVA Pledge Loans or Loans Mortgages 1st home .

Likewise, it establishes limits for the value of the quota between 02/01/2021 to 07/31/2022. Keep in mind that the difference between the frozen installment and the contractual installment will be converted to Purchasing Value Units (UVA) and refinanced, without interest or charges of any kind, to be paid from the end of the current schedule of your loan, in installments that will not be able to exceed the original installment of your loan.

Likewise, the debts that may be generated from October 1, 2020 and until January 31, 2021, originating from non-payment and / or the difference between the frozen installment and the contractual installment, will be converted to Units of Purchasing Value (UVA) and refinanced, to be paid from the end of the current schedule of your loan, in installments that will not exceed the original installment of your loan.

IMPORTANT: regarding the accumulated debt between April and September 2020 according to the previous regime of Decree 319/2020 (which also implied the freezing of the quota at March value and the refinancing of unpaid quotas and differences) and that under said regime implied an additional installment in the months of October, November and December, it will be refinanced under the new regime of Decree 767/2020 and transferred to the end of the loan, in installments that may not exceed the original installment of your loan, unless you decide contact the bank to cancel said additional fees.

If there is no indication to the contrary, we will proceed to defer said debt at the end of the loan prior to conversion to UVA, without the application of compensatory interest.

Keep in mind that the value of the installment includes the insurance of the asset contracted at the beginning of the loan, and that it is maintained throughout the term of the loan.

If you prefer, you can also choose to apply the regime provided by the BCRA in communication “A” 7130 for your unpaid installments. This means paying them at the end of your loan. In this case, these unpaid installments will be applied, from the original due date to the effective date of payment, the compensatory interest agreed on your Loan. If you have a UVA Loan, the equity debt will continue to be adjusted by the Reference Stabilization Coefficient (CER).