Mortgage loans are one of the products with the greatest demand in banking entities. This type of loan allows the acquisition, repair or extension of a property, normally destined to convert it into living place. In Peru, one of the most convenient options is offered by Banco de la Nación. However, they will only be able to access state workers appointed and contracted for an indefinite term. Pensioners also qualify public sector who have savings accounts in the aforementioned entity.
What is the maximum amount that the Banco de la Nación mortgage loan can cover?
The National bank It extended its payment term from 20 to 25 years from 2020 and can cover a maximum of 90% of the value of the property.
Banco de la Nación mortgage loan: What interest rate does it offer?
The Superintendence of Banking, Insurance and AFP (SBS) indicates, through its digital platform, that the rates for mortgage loans fluctuate between 8.20% and 87.91% in banks, municipal savings banks and financial companies. Starting from this premise, the National bank gives an effective annual rate (TORCH) which is between 5.99% and 7.25%, currently being the most competitive in the market.
In that same line, Interbank (8.40%), Banco GNB (9.00%) and Financial Crediscotia (10%) are the entities that offer the cheapest minimum TEA for a 15-year loan of S/120,000. Likewise, the highest maximum TEA for that credit is offered by My bank (87.91%), followed by Piura Box (26.82%), Edpyme Micasita (25%) and Financiera Qapaq (17.5%).
Along these lines, Interbank grants a minimum TEA of 8.20% for a 15-year mortgage loan for S/240,000. On the other hand, the Mibanco loan reaches 87.91% per year.
Source: Larepublica
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