The Bank of the Ecuadorian Social Security Institute (Biess) is one of the entities that citizens look for in order to obtain a loan for the purchase or construction of a house.
As part of the Biess mortgage product, there is a loan for building a house, so you can complete the construction of a house or apartment.
On its web portal, the entity states that it finances 100% of the construction budget up to 130 thousand dollarsalso 90% if the work has a budget greater than that amount and 80% when it is in between $200,000 and $460,000.
The repayment term of this loan will be up to 25 years, but this also depends on the age of the applicant.
What should your salary be to get a mortgage loan?
The entity specified that it depends on the commercial valuation of the land, regardless of the debt.
Related dependents, retired due to old age, disability or disability. In the case of non-dependent members or volunteers, they can access together with their spouse or roommate.
Product Access Requirements
Source: Eluniverso
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