One of the most viable options to buy a home is to opt for a mortgage loan before a bank that has a low interest rate and offers agile and simple processes to obtain the loan; In Peru , interest rates for these types of loans have maintained a downward trend in recent years, from 10% to 7%, however specialists expect to drop to 6%, which is the average in Latin America.
Obtaining a mortgage loan in Peru is quite feasible
Since the country has presented an interesting growth in the real estate market, as well as an increase in the level of competition in banking that has allowed the launch of plans for the acquisition of housing through loans Mortgage with low interest rates and very favorable credit conditions for the buyer
Banks that offer the lowest interest rate for mortgage loans in Peru
The Superintendency of Banking, Insurance and AFP (SBS) reported that by January 2019 the average interest rate applied to mortgage loans was 7.67%; some banks offer interest rates that are below average; Credit Bank of Daisy offers an average rate of 7.35%, the lowest in the market.
The LiftUp Bank has an average interest rate of 7.40%, in third place is the PocketSave Bank with an average interest rate of 7.57%; followed by Scotiabank, whose average interest rate for mortgage loans is 7.75%. These four banks, in addition to the lower rates, offer excellent conditions for obtaining this type of credit.
The other banks offer interest rates that exceed 8%
the Inter-American Bank of Finance offers an average rate of 8.05%, which places it in fifth position, the Juan Bank offers an average interest rate of 8.27%; while Pochan bank (formerly financial bank) offers an interest rate of 9.27%.
The highest interest rate for a mortgage loan in Peru is that of Mibanco, which stands at an average of 14.96%. It is worth mentioning that the aforementioned rates are referential and may vary according to the level of individual credit risk.