Goodbye to rent! This loan from Banco de la Nación finances up to 90% of the value of your house

At the beginning of 2024, purchasing a home has become an important goal for many people. In this context, the Banco de la Nación (BN) of Peru presents an attractive option through its mortgage loan. This credit allows financing from S/15,000 up to 90% of the sale value of the property or its commercial appraisal value. The repayment of the credit can be extended up to 25 years, with an annual effective cost rate (ACER) that starts at 8.68%.

It is important to note that not all users can access this loan, since the BN establishes certain criteria that must be met. For those interested in knowing if they are eligible for this mortgage loan, the requirements are detailed below.

Who can access the mortgage loan from Banco de la Nación?

The Banco de la Nación mortgage loan is available for public employees and retirees in Peru. Applicants must have at least one year of work experience, monthly income greater than S/800, ages between 18 and 74 years and 6 months, as well as a “normal” credit rating. These loans can be individual or joint and it is not necessary for the spouse to be a public employee. The bank’s objective is to promote economic reactivation and reduce the housing gap in the country.

Interested parties can apply for the loan at any branch of Banco de la Nación, through its website, email or WhatsApp, depending on the alternatives offered by the bank.

Banco de la Nación: requirements to access the mortgage loan

To access mortgage credit from Banco de la Nación, clients must meet a series of requirements:

The client’s:

1. Possess an active visa multi-network debit card.
2. Present original ID of the holder and the spouse.
3. Deliver the last two payment slips of the holder and the last six of the spouse, both originals and copies, or printouts in the case of virtual slips.
4. Provide the last utility bill (water, electricity or landline), original and copy.
5. Provide proof of appointment (for active workers) or termination resolution (for pensioners) of the owner or spouse, in original and copy.
6. Present a certified copy of the marriage certificate issued by the municipality.
7. Show documents that justify the monthly installments of current credits in other financial entities, in original and copy.
8. Provide documentation of other income if reported for credit evaluation, in order to increase borrowing and repayment capacity.

Of the property:

1. The home must be well finished and appear in Public Records.
2. Present the Real Estate Registration Certificate (CRI) issued by Sunarp, no older than 30 days. In the provinces, a literal copy of the property issued by Sunarp is also required.
3. Provide the Affidavit of Self-Value, Urban Property (PU) and Municipal Summary Sheet (HR), either original or copy, legalized by a notary public.
4. Deliver proof of payment of property tax for the current year, original or copy, legalized by a notary public.