Used Auto LoanInvestment plan:· Purchase of used vehicle. BCR Used Auto Loan
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Currency: |
Colones and Dollars |
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Minimum financing amount |
Equal to $1,000.00 |
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Maximum financing amount: |
Upon payment capacity and guarantee |
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Commissions: |
1.5% formalization commission 3% in-advance payment commission* *applies to loans higher than $10 000 over extraordinary installment applied as principal amortization of total payment. |
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Max. Indebtedness: |
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. |
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Máximum financing percentage: |
Pledge Loan Used Auto: 80% |
IN COLONES
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Guarantee |
Term |
Interest Rate |
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Pledge Used Auto Loan |
5 years |
Interest Rate + 7.00% Floor rate = Formalization Rate |
IN DOLLARS
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Guarantee |
Term |
Interest Rate |
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Pledge Used Auto Loan |
5 years |
Prime Rate + 8.00% Floor Rate = Formalization Rate |
Other conditions:
For colones loan:
· Policy (coverage under rules)
· Minimum new auto value: equal to $12.000,00
· Minimum used auto value: equal to $5.000,00
· For used auto with pledge guarantee, total loan term plus vehicle age shall never exceed 12 years. Minimum term is a year and maximum term is 5 years.
For loan in dollars:
- Policy (coverage under rules)
- Minimum value of used or new auto (1): equal to $12,000.00. Models no older than 5 years and with medium high or superior liquidity.
- When dealing with used auto financing with pledge guarantee total loan term plus auto age shall never exceed 12 years. Minimum term is of one year and maximum amount of 5 years.
For Foreigner Customers:
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.
Request now your loan in any of our BCR
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