“Housing Alternatives” Loan in Dollars
Investment Plan:
- Lot purchase.
- Lot purchase and construction.
- House
purchase (house, apartment or joint-ownership property).
**No quantity limits - Applies for first or second housing
- Restoration or house extension
- House mortgage cancellation
- Capital recovery invested for restoration and/or house extension, house construction, lot or house purchase with own resources and age no older than 12 months.
“Housing Alternatives” Loan in Dollars - Main
Features:
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Currency |
Dollars |
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Maximum Financing%: |
From $0 to $300.000 80 % |
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Minimum Financing Amount: |
$1.000 |
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Maximum Financing Amount: |
Up to 700,000 |
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Guarantee: |
Mortgage/Open Mortgage |
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Loan Term: |
Up to 25 years for all usage |
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Commissions: |
Formalization 2% over loan amount. |
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Interest Rate: |
Five years Fixed Rate (Conditions of Expoconstrucción 2011) Variable Rate Rate at intervals Floor Rate = Formalization Rate |
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Payment Way: |
Monthly installments, variable, successive, chargeable to due capital and interests. |
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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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Policies and Insurances: |
Fire and Life policies. |
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.