Do you want to have your own house? Banco de la Nación can finance up to 90% of your home

The price per square meter in Lima reached S/6,706, according to a report from Urbania. Despite the decline in the costs of some construction materials, a reduction in the real estate sector is not expected. In this way, buying homes has become more expensive, causing people to take longer to pay for a house or an apartment.

Faced with this situation, many Peruvians are evaluating the possibility of accessing a mortgage loan. For example, the Banco de la Nación offers public workers and retirees loans with attractive interest rates for any type, whether purchasing, improving, expanding or remodeling a home.

What is the mortgage loan from Banco de la Nación and what characteristics does it have?

A mortgage loan is a loan granted by a financial institution that allows people to acquire real estate such as a house or apartment. In the case of the Banco de la Nación, this institution will facilitate financing of up to 90% of the value of the home, with amounts that can reach S/200,000. In addition, it offers competitive interest rates and payment terms of up to 25 years.

The annual effective cost rate (TCEA) for a loan of S/200,000 with a term of 240 months, with individual credit credit insurance and a fee of S/1,739 is 8.68%. Among the most notable features of this mortgage loan are:

• The financing amount of this credit ranges from S/15,000 and allows it to cover both the purchase of properties and the transfer of the mortgage debt.
• You can finance up to 90% of the sale value of the property or the commercial appraisal value.
• The client can add to his main income from remuneration or pension, other income or demonstrable income in order to increase his debt and payment capacity as holder of the credit. Likewise, the demonstrable income of the spouse or cohabitant will be qualified, as long as it is formally supported according to the type of income received.
• The mortgage loan must have two insurance policies: one for credit relief and another against all risks.

Banco de la Nación: what requirements do they require to request a mortgage loan?

To access a mortgage loan from Banco de la Nación, applicants must meet a series of requirements established by the entity:

• Be an appointed public worker, with an indefinite-term contract or a pensioner with a savings account at the Banco de la Nación to deposit your income.
• Receive monthly income greater than 800 soles.
• Be between 18 and 74 years and 6 months old.
• Have a “normal” rating in the financial system, both for the credit holder as for the spouse.
• Present an active Multired Visa debit card, original ID of the owner and spouse
• Have original ID of the holder and spouse.
• 2 last pay slips of the holder (worker or pensioner) and the last 6 of the spouse, original and copy, or print in case of virtual slips.
• Last utility bill (water, electricity or landline), original and copy.
• Proof of appointment (active workers) or Termination resolution (pensioners) of the owner or spouse, original and copy.
• Certified copy of the marriage certificate issued by the municipality.
• Documents that support the monthly installments (account statements, payment schedule, etc.) to maintain current credits in other financial entities, original and copy.
• Documentation supporting other income, if declared for credit evaluation, in order to increase your borrowing and payment capacity.
• Regarding the property, the real estate registration certificate (CRI) is required, issued by Sunarp, an affidavit of self-valuation, urban property and municipal summary sheet, and proof of payment of the property tax for the current year.

How to request a mortgage loan from Banco de la Nación?

The process to request a mortgage loan at Banco de la Nación is simple and is designed to be accessible to all interested parties. Below are the steps required to complete the application:

• Go to the entity: Go to the Banco de la Nación agency closest to your home. The bank staff will provide you with detailed information about the conditions and modalities of the credit. Remember that business hours are Monday to Friday from 8:00 am to 5:00 pm, and Saturday from 9:00 am to 1:00 pm
• Submit the documents: Shows the client’s requirements for the first credit evaluation. If you meet the criteria, you will advance to the next phase, where you will have to provide the property requirements.
• Receive credit: If your application is approved and you submit all the necessary documents, the money will be transferred to your savings account at Banco de la Nación. The signing of the public deed will be carried out at the corresponding notary office.

Where do I request a mortgage loan from Banco de la Nación?

• In any agency of the Banco de la Nación.
• On the official website HERE.
• In the email: micréditohipotecario@bn.com.pe
• On WhatsApp: 943277176