BCR Card Sales

Direct Credit Rate at Intervals

Main characteristics of the Direct Staggered Rate Credit:


Direct Credit


Colones or Dollars


To be agreed with the company


To the Bank Satisfaction


From 8 to 15 years preferably, according to investment plan

Grace period:

Up to 24 months if required, preferably, justified given particular characteristics of the investment plan


Formalization of 1.5% negotiable
2% payment in advance before the 5th year with funds from another bank

Interest rate(*):

Dollars: PR - 2.25% to PR + 4.5%
Colones: IR to IR + 7.5%

Scheme for both currencies (**):

First year: Less than 2 points short rate, fixed for one year
Second year: Less than one point short rate, fixed for one year
Third year: Final variable and monthly adjustable rate for the remainder of the term.
Minimum: For both currencies, the minimum interest rate will be the same as that of the formalization.

Formo of Payment:

Monthly installments of capital and interest or any other satisfactory to the Bank.

Investment Plan:

Purchase and cancellation of liabilities arising from productive assets, debt expansion.

(*) The final interest rate in its risk range, is subject mainly to the depth line and value chain.

If there is failure in the first two years to the contract terms regarding business, apply the final rate to the third year and the next.

(**) The scheme of rate at interval will be defined in negotiations with the client. Applies to risk level clients AA y AAA.

Additionally, next two conditions must be met:

-The average interest rate of the credit must be within the range of rates established in rate Policy by level of risk.

- The start up rate must be greater than the opportunity cost of resources according to currency concerned.



Interest Rate Liability Disclaimer

Interest rates are object to change at any time without previous notice due to financial market changes.  For such a reason, information included in current web site is for reference purposes only.  Any rate related to a specific transaction or business, shall be the effective rate as of formalization date.

For further information regarding interest rates, please call Customer Assistance Center  at (506) 2211-1111 or write to CentroAsistenciaBCR@bancobcr.com

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