Bank City Loans: the whole offer of personal and business loans
The City bank offers a large number of loans which we will describe according to the recipient and the type of loan.
The first ones that we are going to describe are the loans destined to the physical persons , these in turn can be personal among which are:
Express Loans only with DNI: The Bank offers you this personal loan with minimum requirements (DNI and residence certificate). The maximum term is up to 36 months and it is offered at a fixed rate.
Withholding of assets: If your employer has a loan agreement with the bank, the employee does not need to present guarantees. The maximum amount is 200,000 pesos and up to 84 months. The rate can be fixed or variable.
Ciudad Veloz: This personal loan is for any destination, up to 13 salaries and a maximum term of 72 months. The interest rate can be fixed or variable.
Retirees: This loan is intended for all retirees and pensioners, the maximum amount is 100,000 pesos, the maximum term is 72 months and the interest rate can be fixed or variable.
Professionals: This loan is intended for independent professionals, monotributistas and workers in dependency relationship. The maximum amount of this line of credit is 150,000 pesos, the maximum cancellation period is 72 months and the interest rate can be both fixed and variable.
Fronters Responsible for the GCABA: This is a loan for the settlement and maintenance of the sidewalks. The maximum loan amount is 30,000 pesos, the maximum cancellation period is up to 72 installments and the interest rate can be both fixed and variable.
Loan for the Acquisition of Bicycles: It is a loan for acquisition of bicycles the interest rate is 0% and the maximum term of the same can be up to 50 installments.
Electronic Channels Loans: This line of credit is intended for those who request credits through ATMs such as the bank’s home banking.
We can also find the pledge credits, which are:
Agile City: This line of credit is for the acquisition of vehicles for private use. The interest rate is fixed. The maximum amount is 40,000 pesos and the maximum cancellation period of up to 48 months.
Traditional City: This line of credit is intended for the purchase of vehicles of private use, the interest rate can be fixed or variable. The maximum loan amount is 50,000 pesos and the maximum term is 60 months.
City Taxis: This line of credit is intended for the purchase of taxis with or without CNG equipment, the interest rate is fixed, the maximum time of the credit is 100,000 pesos and the maximum cancellation period is 48 months.
City Taxi Social: This line of credit is formed by a pledge credit up to 100,000 pesos or 80% of the value of the invoice and with a maximum cancellation period of 48 months, plus a personal credit for a maximum amount of 130,000 pesos and with a cancellation period of up to 100 months.
In addition to the loans named above we also find the pledged loans, among which are:
Pledge credits: This line of credit is designed for those who prefer to leave a jewel or work of art as collateral. The maximum term is 150 days and is renewable for up to two equal periods.
Expresso Loans: This is a pledge loan with minimum requirements. The maximum term of cancellation of the same one is of 36 months and without maximum amount.
Advance loan: It is an advance of up to 40% on the sale price of some good that is sold in a public auction. The minimum base price of the property to be auctioned must be 6,000 pesos.
The City Bank also offers a wide variety of loans for entrepreneurs, which are:
Unipersonal and Societies of Fact: The maximum amount of financing depends on the billing of the applicant, the maximum term depends on the analysis made by the bank. The interest rate can be fixed or variable.
Entrepreneur Development GCABA: The maximum amount for any concept is 70,000 pesos. The interest rate is preferential.
In addition, the City Bank offers other loans for people which are:
Loans for Consortia: The maximum value financed for this loan line is 150,000, the maximum term is up to 60 months. The interest rate is variable.
Microfinance: This line of credits is intended for microfinance institutions and non-governmental organizations, which offers financing of up to 3,000,000 pesos to be repaid in up to 36 months. The interest rate can be both fixed and variable.
Loans for Victims: This is a line of credit designed for those affected by weather phenomena. The interest rate is subsidized by the City Government. The total financial cost is 16.92%.
The City Bank also offers a wide variety of loans for companies, among which are loans for SMEs, among which are loans for capital goods which are:
Capital Goods: This credit is intended for the acquisition of new or used goods including motor vehicles. The interest rate is fixed at 24.95%.
Cargo Vehicles: the vehicles must be patented in the Autonomous City of Buenos Aires. The interest rate is fixed at 24.95%.
BNDES Line: This line of credit is intended for the acquisition of capital goods and services of Brazilian origin. The maximum term is 12 years.
Transportation of passengers: This line of credit is intended for public transport companies whose passengers are wholly or partially within the Autonomous City of Buenos Aires. The maximum term of the interest rate is 60 months. The interest rate is fixed and 24.95%.
Articulated buses (hybrids): To access this line of credit transport companies must be enabled by the corresponding authority and provide services in the CABA The maximum period of cancellation is 36 months. The interest rate is 24.95%.
The loans for working capital for SMEs offered by the City Bank are:
Working Capital: This line of credit is exclusively dedicated to working capital, the maximum term is up to 24 months. The interest rate can be fixed or variable and goes from 16.65%.
With Aval de SGR: It is a loan for working capital with the guarantee of an SGR. The maximum term of the loan is 60 months. The current interest rate is fixed and ranges from 19.56% for terms up to 36 months.
Advances in Account: The advances are made in the current account in pesos of the client and up to the limit established in the contract.
With Aval de FOGABA: 100% of it is carried out with a guarantee from FOGABA. The maximum amount of the loan is, while the maximum term is. The interest rate is fixed and ranges from 19.56% for terms of less than 36 months.
Loans for Aguinaldo Payment: This loan line is intended to cover the bonus of employees. The maximum loan amount is 600,000 pesos and the maximum term is 6 months.
The City Bank also offers financing to SMEs in the foreign trade sector, the loans available for these are:
Financing to Exports: The City Bank to exporters up to 75% of the total amount invoiced.
Import financing: Banco Ciudad offers this line of credit to those who buy inputs abroad. The amount, term and interest rates are agreed according to the case.
The City Bank has a line of credit for SMEs that act as construction companies, these credits are:
Hotels and Lodgings: This line of credit is destined to the construction of hotels and lodgings. The maximum financing of this line of credit is 70% of the cost of construction.
Homes and Offices: This line of credit is intended for the construction of homes and offices within the area of activity of the bank. The bank finances up to 85% of the budget net of taxes. The interest rate is fixed and 24.82%.
Banco Ciudad also has a line of subsidiary loans for SMEs, which are:
Competitive City: The main objective of this credit line is to favor the permanence, growth, development, and competitiveness of SMEs. The maximum amount of the loan is 300,000 pesos. The maximum term is 24 months.
Private Schools: This line of credit is intended for private schools and kindergartens that are located in the CABA in order to carry out remodeling or maintenance works. The maximum amount of this credit line is 1,000,000 pesos and up to 100% of the budget can be financed. The interest rate is fixed and ranges from 0% to 17.23% and depends on the subsidy percentage received by the school.
Capital Goods: This line of credit is designed to favor the process of investment and technological updating of SMEs. The maximum amount is 600,000 pesos and the maximum term is 36 months. The fixed interest rates are from 6% to 12% depending on the loan cancellation period and the location.
Environmental Improvement: This line of credit is intended to finance environmental improvement projects. The maximum amount of this line of credit is 600,000 pesos, the maximum term is up to 60 months. The interest rate ranges from 5% to 13% depending on the term and destination of the same.
In addition to the loan lines mentioned above, Banco Ciudad offers loans for SMEs in order to finance other destinations and industries, these are:
ISO Reconversion Certifications: This line of credit for companies that need a technological or industrial reconversion, modify their administrative or industrial procedures, conform to ISO standards, Kosher certification and that do not involve the purchase of capital assets. The maximum amount of this line of credit is up to 70% of the submitted budget. The term of the same depends on the analysis made by the bank. The interest rate is fixed at 24.95%.
Discounts and Advances: This line of credit is intended for SMEs who want to make a deferred payment discount, special current account payments with cession of invoices and / or certificates from the public or private sector. The maximum amount is subject to the bank’s analysis. The maximum cancellation period is 180 days. The interest rate can be fixed or variable and depend on the agreement that the company has with the bank.
Exhibitors: This line of credit is intended for those companies that wish to participate in local and international events, organized or sponsored by the National Government, Provincial Governments, CGBA, Business Chambers, or by other Organizers. In all cases, they must be accessible to the general public, with international events aimed at fostering Argentina’s foreign trade. The maximum amount to finance is 75% of the expenditure budget with a maximum of 80,000 pesos. The maximum cancellation period is up to 18 months. The interest rate of this line of loans is variable and according to agreement with the bank.
Loan for Productive Investment: This line of credit is intended for the acquisition of capital goods, construction of facilities necessary for the production of goods and services, commercialization of goods. The amount is in pesos and is subject to credit approval, the minimum term It is 36 months with option to a grace period of 10 months. The interest rate is fixed and 15.01%.
Loan for the Technological District: The objective of this line of credit is to position the City of Buenos Aires as the Latin American capital of technology, promoting the installation and establishment of technology and related companies, providing the best market rates, to favor its permanence, growth and development. That is why together with the Ministry of Economic Development of the City Government, we launched a line of credits for companies that are installed or relocated in the Technological District. The maximum loan amount is seventy percent of the net tax budget. The maximum term of return is 5 years. The interest rate can be fixed at 20.75% or variable at 19% for the first 12 months.
Loan for the Audiovisual District: This line of credit can be used to finance investment projects for civil works, purchase of buildings, buildings, recycling and conditioning of buildings: Up to 80% of the net budget of taxes, with disbursements for advance of work, financing of projects for removals and purchase of equipment and installation: up to 70% of the net budget of taxes, financing of working capital of short term through a discount line of deferred payment checks product of its sales to client : for an equivalent of up to 2 months of sales, financing of working capital through a line of amortizable loans by French system. The interest rate offered by the bank for this line of credit can be both fixed and variable and is to be agreed between the two parties.
SME Mortgage Loan: This line of credit is intended for the acquisition, construction, renovation, expansion and termination of real estate destined to premises, offices or industrial plants, cancellation of pre-existing mortgages on said properties. Obtaining financing with other destinations linked to your business. To determine the loan amount, the lowest value resulting from applying 70% of the purchase price or appraised value for all destinations will be taken. The maximum term of cancellation of the loan is 120 months but may be less depending on the destination that is given to it.
Loans for Companies to Settle in the Pharmaceutical Pole: This line of credit is destined to the financing of investment projects destined to civil works: up to 80% of the net budget of taxes, with disbursements for progress of work, financing of projects for purchase and installation of new equipment to be used in the works of point A) up to 70% of the net budget of taxes, financing of short-term working capital through a discount lines of deferred payment checks product of its sales to customers: the equivalent of up to a month of sales. The maximum amount is subject to credit evaluation. Maximum amounts, total and grace periods: subject to the credit assessments of each of the projects. The interest rate is combined, which would be composed as follows, during the first 60 months from the first disbursement the rate will be fixed at 12.90%. From the 61st month a variable rate will be applied that will arise from adding to the Average Technical Rate a spread of 300 basis points.