Showing Uruguay because that’s where you are.
Uruguay 💰 UYU Last updated2026-05-28 Crédito hipotecario Calculator
Uruguay
A UI-equivalent UYU 4,000,000 mortgage at 5.0% real over a 25-year term works out to a monthly payment of about $ 23.384, with total interest of $ 3.015.080 over the full term.
Mortgage Calculator
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Local context Crédito hipotecarios in Uruguay
Market overview
Uruguay's mortgage market is led by Banco República (BROU, state-owned and historically the dominant mortgage lender), Banco Hipotecario del Uruguay (BHU, the specialised housing bank), Banco Itaú Uruguay, Santander Uruguay, BBVA Uruguay and Scotiabank Uruguay. The Banco Central del Uruguay holds its Tasa de Política Monetaria at 8.50% through 2026, but most residential mortgages are denominated in Unidades Indexadas (UI) — a CPI-linked unit similar to Chile's UF or Colombia's UVR — at real rates of 4–6%. Montevideo dominates demand, especially Pocitos, Carrasco and the new Punta Carretas-Buceo corridor.
Why 5% is the typical rate
UI-indexed real rates of 4–6% are achievable because inflation risk is shared with the borrower; nominal UYU mortgages price 12–15% but are now a minority of new originations.
Tax & regulatory notes
Impuesto a las Transmisiones Patrimoniales (ITP) is 2% from buyer and 2% from seller under Law 11,924. The Plan Nacional de Vivienda and Ministerio de Vivienda y Ordenamiento Territorial (MVOT) administer "Vivienda Promovida" tax incentives under Law 18,795 of 2011, providing IRPF, IVA and patrimonio exemptions for qualifying developments. ANV (Agencia Nacional de Vivienda) refinances BHU and provides direct lending to lower-income buyers.
Local banks Uruguay mortgage rates by bank
The main crédito hipotecario lenders in Uruguay, with indicative 2026 rates and typical loan-to-value caps. Rates vary by borrower profile, residency and property type — use the calculator above with each bank's quoted rate to compare your real monthly payment.
Banco República (BROU)
The state-owned universal bank with the largest overall mortgage book. Most originations are UI-indexed (CPI-linked) at real rates of 4–6% over 20–25 years, sharing inflation risk with the borrower.
Banco Hipotecario (BHU)
The specialised state housing bank, focused exclusively on mortgages and overseen by ANV. Long-tenor UI loans with a strong affordable-housing tilt for first-time buyers.
Santander Uruguay & Itaú Uruguay
The two largest private banks, lending to higher-income borrowers in Montevideo (Pocitos, Carrasco, Punta Carretas). Offer both UI-indexed and nominal UYU mortgages.
BBVA & Scotiabank Uruguay
International private banks active in the prime Montevideo segment, typically pricing UI mortgages a touch above the state banks with tighter LTV caps.
Indicative rates compiled from public bank disclosures and central-bank data for 2026; not a quote or an offer of credit. Confirm current terms directly with the lender.
A UI-equivalent UYU 4,000,000 mortgage at 5.0% real over a 25-year term
$ 4.000.000 5% 25 years (300 months) $ 23.384 $ 3.015.080 $ 7.015.080 
