ACRONYM DEFINITION FOR BCR LOANS

Payment frequency:

D:     DAILY

W:    WEEKLY

Q:     BY-WEEKLY

M:     MONTHLY

B:     BI-MONTHLY

T:     QUARTERLY

S:     SEMESTER

O:    EVERY EIGHT MONTHS

A:     ANNUAL

U:     UNIQUE

E:     SPECIAL

Payment mode:

C E I : Capital and Interest = whenever capital payment is made together with interest payment.

C + I : Capital + Interest = .capital payment is separately made from interest payment

S A B : With no installment = solely interest payment

S C V : Without Maturity Change = Payment with no interest.

Interest Expiration:

VEN :  Due interest payment

ADE : In-advance interest payment

 

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.