If you plan to buy a house for your family and you do not have all the necessary capital, then one of your options is to acquire a mortgage loan and organize your finances to pay the debt without damaging your family budget too much. To do this, first, you have to compare the interest rates offered by each bank and municipal savings bank so that you can choose the most feasible option. Therefore, we present a table that details this information so that you can make a better decision.
It is important to highlight that the average interest rate of the mortgage credits In banks it is 9.21%. This means a decrease of 0.67 points compared to 2022, which was 9.88%. For its part, in municipal funds, it is 15.29% as of August 2023. This represents an increase of 1.5 percentage points compared to December of last year.
Which banks and savings banks have the cheapest mortgage loans?
The bank BBVA has the lowest interest rate in soles for mortgage loans with 8.67% annually as of September 22 of this year, according to the Superintendence of Banking, Insurance and AFP (SBS).
The second place is held by GNB Bank, with an interest rate of 9.00%, and Scotiabank follows, with 9.03% annually. On the other hand, the financial entity that has the highest rate is Mibanco with 17.22%.
What are the mortgage loans from financial institutions?
We detail the interest rates, according to the SBS.
| Financial entities | Annual rate (%) |
| Scotiabank | 9.03% |
| My bank | 17.22% |
| Interbank | 9.11% |
| Crediscotia Financial | 13.50% |
| Trujillo Box | 13.78% |
| Maynas Box | 14.44% |
| Ica Box | 14.26% |
| Huancayo Box | 12.71% |
| Cusco Box | 14.73% |
| Arequipa Box | 14.38% |
| BCP | 9.21% |
| BBVA | 8.67% |
| Pichincha Bank | 10.26% |
| GNB Bank | 9.00% |
| Commerce Bank | 10.76% |
| Banbif | 9.69% |
How to apply for a mortgage loan at Banco de la Nación?
If you want to request a mortgage loan at Banco de la Nación, you have to complete the requested information and, subsequently, you must go to one of the type 1 or 2 agencies. You can also communicate virtually, but you must still go in person to the establishments to support your documentation.
- To find out about type 1 and 2 agencies in Metropolitan Lima, go HERE
- To find out about type 1 and 2 agencies in the provinces, click on the following LINK.
Source: Larepublica
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.
