The law already allows the withdrawal of this amount to pay the initial fee for the purchase of a first property and to repay a mortgage.
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Congresswoman María Córdova Lobatón, from the Avanza País bank, proposes that members of the private pension system can withdraw up to 25% of their funds to pay mortgage-backed loans. The direct benefits of this measure are saving on interest payments and generating economic relief in a context of rising prices.
Bill 5149, presented this Tuesday, May 23, states that for this purpose, article 40 of the Single Ordered Text of the Private Pension System Law, approved by Supreme Decree 054-97-EF, must be modified, and would enter into force the day after its publication in the Official Gazette El Peruano.
“By allowing them to repay part of the debt for mortgage loans, people could reduce their monthly payments and have more financial flexibility to face their daily expenses,” the document says.
Article 40 already allows the withdrawal of this money for two purposes: pay the initial fee for the purchase of a first property and repay a mortgage.
The commissions of the Congress of the Republic must evaluate the legislative initiative before going to the Plenary for debate and voting.
Source: Larepublica
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