Getting resources now without making immediate payment, under promise of reimbursement them in the future as per previously set forth conditions. Bank loans (in strict terms, credit opening in checking account) is a contract through which the Financial Entity make funds available which must be returned plus interest adding a commission as per agreed terms.
Further interesting information:
Interest Rate Liability Disclaimer
Interest rates are object to change at any time without previous notice due to financial market changes. For such a reason, information included in current web site is for reference purposes only. Any rate related to a specific transaction or business, shall be the effective rate as of formalization date.
For further information regarding interest rates, please call Customer Service Department at (506) 2211-1111 or write to CentroAsistenciaBCR@bancobcr.com