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Loan for Motorcycles and related items

BCR Main Loan Features -Motorcycles (colones):

Currency:

Colones

Minimum financing amount:

Equal to  $1,000.00

Maximum financing amount:

Upon capacity of payment and guarantee

Commissions:

1.5% formalization commission

3% in-advance payment commission*

*it shall apply for loans higher than $10 000 over extraordinary installment applied as principal amortization or total payment.

Maximum financing percentage:

Up to 70%

Maximum debt level:

Up to $2.500

35%

+10

+10

Between $2.501-$5.000

40%

+10

+10

More than $5.000

45%

+10

+10

10pp are added if salary earner and salary is deposited in BCR account. 

 10pp are added if 10 day in advance payment as per SUGEF during last twelve months.

 

Guarantee

Term

Interest Rate

Pledge (new)

7 years

Interest Rate + 6.00%

Floor Rate= Formalization Rate

Pledge (used)

5 years

Interest Rate + 10.00%

Floor Rate= Formalization Rate

 

Other conditions:

·        Insurance policy (coverage under rules).

For Foreigners:

Permanent Resident – Free of condition

- Submission of residence card copy with name and signature of officer where certifies he reviewed original document.

- Upon amount and age, requirements are the same as for Costa Rican citizens (review chart of insurance capability requirements).

Temporary Residents– Passport- Refugees

Must take all E tests:

Medical test, urinalysis, electrocardiogram, cardiovascular assessment, Elisa Test, fasting glucose test, SGPT and SGOT transaminase tests, gammaglutamyl transpeptidase, total bilirrubin/direct and indirect, creatinine, ureic nitrogen, total cholesterol and high density cholesterol (HDL), triglycerides, confidential report, CPA certification which indicate income amount per year of previous immediate year, economic activity of other income if applicable.

Request your loan now in any of BCR branches


Review requirements 

 

 

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) 2284-6600 or write to ServiciosBancaElectronica@bancobcr.com

 



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