Loan for Consumption Dollars
Investment plan:· Personal expenses |
Main Features of Loan for Consumption(dollars):
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Currency: |
In dollars |
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Minimum Financing amount: |
$ 1.000,00 |
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Maximum financing amount |
Upon payment capacity and guarantee Fiduciary Loan: up to $40.000.00 Pledge Loan: up to $100.000.00 Mortgage Loan: up to $300.000.00 |
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Commissions: |
1.5% formalization commission 3% in advance payment commission * *It applies for loans higher than $10 000 over the extradordinary installment applied to principal amortization or total payment. |
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Max financing percentage: |
Securities Guarantee: 100% BCR Securities, 95% Shares and 90% other entity securieties Pledge Guarantee: 65% Mortgage Guarantee/ Open Mortgage: 70% |
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Max debt level. |
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. |
Interest Rates
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Guarantee |
Term |
Interest Rate |
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Securities |
3 years |
BCR Titles: Prime Rate + 4.00% Real Estate Funds Share BCR-SAFI: Prime Rate + 5.00% Other Entity Titles: Prime Rate + 6.00% Floor Rate = Formalization Rate |
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Fidiciary Loan |
3 years |
Prime Rate + 8.00% Floor Rate = Formalization Rate |
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Pledge Loan |
5 years |
Prime Rate + 7.00% Floor Rate = Formalization Rate |
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Mortgage / Open Mortgage Loan |
10 years |
Prime Rate + 6.00% Floor Rate = Formalization Rate |
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Other conditions:
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 now your loan in any of our BCR Branches
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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.