For the second half of this year, interest on mortgage loans is expected to decline, as long as the Central Reserve Bank (BCRP) keeps the reference rate low, detailed from Credicorp Capital. “It is projected that the reference interest rate will reach close to 4% or 5% at the end of the year and that […]
Tag: Mortgage Credits
Mortgage loans: which banks and savings banks offer the lowest rates to buy a house?
Taking the step towards owning your own home is a desire shared by many, and mortgage loans are one of the ways to make it a reality. Discover in this guide the banks and savings banks that stand out for offering lower interest rates, according to information from the S.B.S. (Superintendency of Banking, Insurance and […]
China strengthens its economic support measures amid concern over Country Garden
China on Friday stepped up measures to boost the country’s faltering economy: major banks paved the way for further cuts in lending rates and authorities cut the amount of funds institutions must hold in foreign reserves. China is facing a slowdown that has rocked global markets, with attention now focused on the developer’s debt crisis […]
BCRP: mortgage loans increased 5.6% year-on-year in May
He Central Reserve Bank of Peru (BCRP) reported that mortgage credit expanded 5.6% in May compared to the same month in 2022, maintaining the dynamism observed in previous months. According to the highest issuing entity, this type of loan in the national financial system increased 0.5% in the month of May compared to April 2023. […]
Housing prices in Lima will not be reduced until at least September
The costs of the households in metropolitan Lima have had an upward trend in recent years. By December 2022 they rose to a maximum of S/6,800 per square meter, a trend that has been seen in the first months of this year and would continue until September. This increase is mainly due to the rise […]
Can they garnish your salary if you have debts with the bank?
In it Peru there are thousands of people who drag debts in financial institutions without having the possibility, or in many cases the willpowerto cancel them. According to SBS, more than 90% of debtors in the banking system are concentrated in mortgage and consumer loans. Faced with a delinquency scenario, many wonder if it is […]
Mortgage loans from the Mivivienda Fund would fall 39%
For the third consecutive month, the number of loans from the Mivivienda Fund (FMV) delivered have gone down. And it is that, after having disbursed a total of 1,335 loans in November 2022, the trend has been decreasing to the point that last February only 876 credits were placed, being the lowest figure reached after […]
Government would subsidize the interest rate for mortgage loans
The arrival of Cyclone Yaku has left a total of 27,843 houses affected, 2,148 uninhabitable buildings and 1,521 houses destroyed. In addition, there is a high probability of a El Niño phenomenon In our country. Given this current scenario, the Government has been preparing measures to care for affected families and close the housing deficit […]
Monthly installment of mortgage loans rose up to 20%
Effect. The average interest rate on mortgages reached 10.09%, its highest level in 13 years. Despite falling sales, investors trust the Peruvian market, ASEI says. Peruvians now pay more for mortgage loans by doubling the interest rate that governed this sector in the last two years. In April 2021 they fell to 5.88% per year, […]
BCRP: credit to the private sector accelerated 3.6% year-on-year in November
The Central Reserve Bank of Peru (BCRP) reported that credit to the private sector -which includes loans granted by banks, financial, municipal and rural savings banks and cooperatives– increased 0.7% per month in November compared to the previous month, with higher growth in credit granted to individuals. In this way, the interannual growth went from […]