The Banco de la Nación Argentina (BNA), the country's largest bank and controlled by the government of Javier Milei, has increased the interest rate on its UVA mortgage loans, raising it from 4.5% to 6%. Analyst Andrés Salinas reported this on his X (formerly Twitter) account, along with a comparative chart of mortgage credit offers from different banks. According to Salinas, this is the first rate hike by the BNA since the relaunch of UVA loans, though he clarified that despite the increase, the 6% rate remains the lowest on the market. The news has caused concern in the sector and among potential borrowers, as it is anticipated that other financial institutions may follow the Banco Nación's lead and raise their own interest rates in the short term. Current UVA mortgage loan rates (for salary account holders): Banco Nación: 6% (previously 4.5%), BBVA: 7.5%, Brubank: 8%, Banco del Sol: 9%, Credicoop: 10.5%, COMAFI: 10.5%, ICBC: 13%, Hipotecario: 13.9%, Patagonia: 14%, Supervielle: 15%, Santander: 15%, Macro: 15%, Ciudad: 4.5% (Microcentro) - 9.9% (Rest). The Banco Nación's rate increase, considered a market benchmark, could mark the beginning of an upward trend that would affect housing access for thousands of Argentines.
