Banco de la Nación offers its users the mortgage credit with the most competitive rates in the financial market from Peru. The purpose of the loan is to purchase a completed home under construction or transfer a mortgage debt. The maximum term to make the payment is 25 years and covers 90% of the value of the property.
YOU CAN SEE: Banco de la Nación: What is a mortgage loan, how much is it, what is the interest rate?
It should be noted that those who access financing for the purchase of a property are State workers appointed and hired for an indefinite term. Including public sector pensioners who have a savings account at Banco de la Nación, in addition, they must qualify as credit subjects.
What do I need to access a mortgage loan?
The Banco de la Nación requests certain requirements to obtain a mortgage loan, these are some:
- For active workers, have a minimum employment seniority of one year.
- Have a holding account in the National bank and record at least six subscriptions.
- get one “average” rating” in the risk center of the Superintendency of Banking, Insurance and AFP (SBS).
- accredit a Minimum monthly income of S/800.
- The credit holder must not have debts with more than four entities of the financial system.
This type of loan offered by the Banco de la Nación does not request a guarantor, since the purchased property acts as such after the client grants a mortgage in favor of the institution. Also, it is valid to finance second-use homes, only if it is registered in public records without charges or encumbrances.
What is the interest rate of the mortgage loan at Banco de la Nación?
The Superintendency of Banking, Insurance and AFP (SBS) announced, through its web platform, the fluctuation for mortgage credit, this ranges between 8.20% and 87.91% in banks, municipal savings banks and financial companies. In relation to said information, the Banco de la Nación offers a effective annual rate (TEA) that fluctuates between 5.99% and 7.25%, these figures make it the most competitive in the market.
How much is the maximum amount covered by the Banco de la Nación mortgage loan?
The payment term of the Banco de la Nación was extended from 20 to 25 years from 2020, this covers a maximum of 90% of the value of the property that is to be obtained.
What is the interest rate of the mortgage loan in other banks in Peru?
Entities that provide the cheapest minimum TEA for a 15-year loan of S/120,000.
- Interbank (8,40%)
- GNB Bank (9.00%)
- financial Credibility (10%)
The highest maximum TEA for the mortgage loan has them:
- My bank (87,91%)
- Piura Box (26,82%)
- Edpyme Micasite (25%)
- Financial Wealth (17.5%)
