BCR enables its new “Integral Standardization” accreditation

The financing plan allows you to consolidate and settle debts in one operation

Costa Rica. The Bank of Costa Rica (BCR) offers its new credit “Integral Consolidation” in which it is possible to consolidate and settle debts for credit cards, housing, cars and amortization in one operation and for a very convenient period of up to 30 years.

Integrated consolidation is aimed at those who need to increase their cash flow and improve their liquidity, as the amount that needs to be paid monthly is reduced by stopping to pay interest on each debt separately.

Individuals, nationals or foreigners of lawful resident status, or of legal age, who have debts with a BCR or with another financial entity, can opt for the credit. The debt to be consolidated or colonized must have 60% for the housing component and up to 40% for the consumer component (including those related to credit cards, personal loans, and/or vehicles).

Circumstances

The types of collateral are: a mortgage, an open mortgage, or a trust guarantee. Up to 90% of the evaluation amount is funded.

The credit rate is determined based on the guarantee provided by the customer. In addition, the possibility of financing expenses for the formalization, assessment and cancellation of debts with creditors that are not controlled or supervised by SUGEF, provided that the existence of the debt is established by verification in the public register (mortgage, pledge).

The commission for formalization is 3.00%, and for existing BCR clients, individuals whose salary or pension is deposited into a bank account, a 50% discount will be applied.

Examples:

A person who has debts only in Kowloon and who currently pays about 14,498.53 yen per million per month out of all their debts, with “integrated consolidation” (mortgage guarantee), will pay a single premium of about 7,049.68 yen per million.

For a dollar-holding person whose monthly payments are about $29.66 per $2,000 (equivalent to 20141.32 yen at sales exchange rate of 679) with “integrated consolidation” under the mortgage guarantee, they would still pay around 9643.96 JPY.

Note: Premium figures per million may vary, as they are based on the percentage of total loans at the time of credit formalization and do not include policies. Examples based on TBP in effect as of August 11.

digital order

Customers can access the virtual office www.bancobcr.com Submit your application through BCR Directo, or in the BCR mobile app. Through these channels, they can also check additional terms of credit.

For inquiries, customers can call the telephone exchange: 1111-2211, write to WhatsApp 2211-1135, BCR Chat or send an email to [email protected]

Line. Central America and the Caribbean digital newspaper