The Bank of the Ecuadorian Social Security Institute (Biess) is one of the institutions that offers mortgage loans in the country, as well as other financial institutions.
In 2022, the entity conducted 10,364 credit operations, which represents 611 million dollars.
Within the Biess conditions for the loan that can be given is to have a total of thirty-six contributions, of which at least 13 consecutively if you are a dependent worker, as well as being up to 77 years old.
By law, the person who sells real estate is obliged to pay capital gains tax, but in practice the buyer undertakes – by contract – to pay it
To obtain a mortgage loan, the applicant must pass the credit rating of the bank. The maximum term of financing is 25 years.
Within the entity’s portal, you can know the amount that will be secured as a loan according to your economic situation, to know this you must:
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
