• Costa Rica Coffee Guide

Banco Nacional aims to lend over $180 million for housing in 2010

March 12, 2010

Banco Nacional has announced that March will be “Special Construction Month”, with the public bank committing to offer lower interest rates and rebates and open up credit lines to boost housing construction throughout the country.

Under the motto “We Are Building Together”, Banco Nacional claims that, throughout March and the first weeks of April, the interest rates on housing financing will be slashed 50 percent, with the colón rate to be set at 10.75 percent and U.S. dollar rate at 8.36 percent.

According to a Banco Nacional statement, the bank “is supporting Costa Ricans in their dream to have their own home,” with mortgages featuring reduced interest rates and a 50 percent decrease in approval fees.

Banco Nacional said that over the next six weeks they will provide financing for the purchase of new or used homes or apartments, buying a lot and building, building on a pre-owned lot, transferring debt from another bank, refinancing debts into a single credit line, buying a second home or home expansion or remodeling.

The discounts offered during “Construction Month” will officially come to a close on April 18. From the 14th to the 18th of April, the bank will be a part of the 2010 Construction Expo Fair, which will be held on the grounds of the El Pedregal Company in San Antonio de Belén.

During 2010, the Banco Nacional estimates that they will provide over $180 million in discounts and financing for housing.

You may be interested

These are Costa Rica’s coronavirus measures for April 2021 (updated)
Costa Rica
1982 views
Costa Rica
1982 views

These are Costa Rica’s coronavirus measures for April 2021 (updated)

Alejandro Zúñiga - April 17, 2021

The Costa Rican Presidency has re-introduced weekend driving restrictions in response to an increase in coronavirus cases and hospitalizations. Below…

Costa Rica registers uptick in visitors in March
Costa Rica
7 views
Costa Rica
7 views

Costa Rica registers uptick in visitors in March

Alejandro Zúñiga - April 16, 2021

Costa Rica welcomed nearly 90,000 international arrivals in March, a significant increase compared with the first two months of 2021,…

Why Costa Rica is re-applying driving restrictions
Costa Rica
1955 views
Costa Rica
1955 views

Why Costa Rica is re-applying driving restrictions

The Tico Times - April 16, 2021

Costa Rica will restart its weekend daytime driving restrictions beginning this Saturday. Click here for all the details. The Presidency…