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Social Help Housing Loan

Investment Plan:

· Lot parchase.

· Lot purchase and house construction.

· House Purchase.

· Owner’s lot – House construction.

· Restoration, extension, improvements and finishing house.

Social Help Housing Loan Main Features

Currency:

Colones

Minimum financing amount:

Equal to $1.000

Maximum financing amount:

Upon payment capacity and guarantee

Term:

Up to 30 years

Guarantee:

Mortgage /Open Mortgage

Commissions:

1% Formalization commission

Interest Rate:

1st and 2nd year fixed 10%

As of 3rd year Interest Rate + 1%

Floor rate = Formalization rate

Maximum financing percentage:

Up to 95%

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.

Policies:

1.FIRE INSURANCE
Coverage:
-Fire
-Nature and catastrophes
-Various Risks

2. LIFE INSURANCE
Coverage:
-Death
-Total and Permanent Disability

Note: Current insurance policies may be acquired through intermediaries and to insurance companies authorized by SUGESE (if complying with loan subscription requirements).

Other conditions:

· Solely applies for first house.

· All investment plans apply for properties object of a social interest statement.

· Compliance with all BANHVI requirements as if was a bonus.

· It is solely a loan, bonus not included.

· Affiliate at least one utility to automatic charge.

Request now your loan in any of our BCR branches

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, gamma-glutamyl 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.

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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