“Housing Alternatives” Loan in Colones 100%
Investment Plan:
- Lot purchase.
- Lot and construction purchase.
- House
purchase (house, apartment or joint-ownership property).
**No quantity limits** - Liability cancellation for construction lot. (Debt purchase when lot is guarantee with other creditor and investment housing plan is 100% for construction).
“Housing Alternatives” Loan in Colones
100% - Main Features:
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Currency |
Colones |
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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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Term: |
Up to 30 years |
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Guarantee and Coverage: |
1.MAIN GUARANTEE: 85% coverage (property financing object) 2.ADDITIONAL GUARANTEE: (mortgage, pledge and/or security title) 2.1 Mortgage Guarantee: 2.2 Pledge Guarantee: Pledge type: only new autos.
Maximum auto age: 1 year. Coverage percentage: 50% Appraisal
as per Bank satisfaction criteria.
2.3 Security Title: Current effective regulation applies. |
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Interest Rate: |
Fixed fee 2 years Fixed fee 10 years (Conditions of Expoconstruccion 2011) Variable rate Rate at intervals (*) Floor Rate = 8% (*) He shall pay rate equal to IR or 8% which is higher. |
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Commissions: |
Formalization 2% over loan amount. |
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Max. Financing percentage: |
We finance 100% of the investment plan with an additional guarantee: mortgage, pledge or values. |
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Maximum 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. |
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Payment Way: |
Monthly installments, variable, successive, chargeable to due capital and interests. |
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Policies and Insurances: |
Applicable ones as per administrative loan provisions and guarantee offered. |
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We finance: |
Legal expenses, fees and appraisal |
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Floor Rate: |
Current rate at formalization according to mode. |
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Financing of: |
Legal expenditures, formalization commission and appraisal amount. |
Other conditions:
- Owner of checking or savings account.
- Affiliated to Bancatel and Bancobcr.com.
- Loan payment through automatic charge.
- At least two utilities automatic charges.
Whenever financing construction and guarantee covers 100%, please submit:
- Maps, drawings, permit and budget to know construction work and proof that customer is committed to project.
- Once construction works are done, customer shall pay thirty six ($36) for expert inspection.
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.
Request your Loan now in any of BCR branches
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.