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House Loan for Retired Individuals

Investment Plan

·         Lot purchase and construction, house purchase (house, apartment or joint-ownership property).  It solely applies for first house.

·         Restoration, extension, and house improvements (*).

·         Personal Debt consolidation with Sugef supervised entities (*)

(*)Note:  It applies for cases in which property is under retired individual name or lot usufruct given as guarantee belongs to the retired individual, spouse or both or one of them is part of its usufruct. In such cases, loan contract shall be executed by owners (holder of right of usufruct or “nudatorios”)

House Loan for Retired Individuals-Main Features:

Addressed to:

Costa Rican persons who enjoy a pension granted by CCSS, Tax Ministry, Magisterio Nacional (Teacher’s Institution) and other regime acknowledge in the country and pension deposit is made in BCR accounts, with historical payment behavior in the Sistema Banca para el Desarrollo (CPH-SBD) level 1 and 2 according to SUGEF Agreement 15-16.



Maximum financing %:

Up to 85%

Minimum financing amount:


Maximum financing amount:

Up to ¢ (Upon payment capacity and guarantee)



Mortgage Loan Term:

Up to 30 for all usage


Formalization: 1% over loan amount.

In-advance payment 3% for loans higher to $10.000, 00 effective during first five years.  Collection is not done when cancellation is done using BCR resources.

Interest Rate

Fixed fee for first 10 years.

For left amount of years: TBP + 2%.

Payment Way:

Monthly installments, variable, successive, chargeable to due capital and interests.





-Nature and catastrophes

-Various Risks




-Total and Permanent Disability

Unemployment Insurance for salary earners who meet conditions as permanent employee, co-owner employee or employee for definite period.

Note: Current insurance policies may be acquired through intermediaries and to insurance companies authorized by SUGESE (if complying with loan subscription requirements).

For purchasing Total and Permanent Disability coverage, insured must be younger than 60 years old and must not be a retired individual due to disability in any of existing regimes.


50% of current cost (financed within loan amount).

Formalization Expenses:

Financing formalization expenses, provided that there is enough payment capacity and guarantee.

Other conditions:

Owner of checking or savings account

·         Affiliated to Bancatel and Bancobcr.com.

·         Loan payment through automatic charge

·         At least two utilities automatic charges

Whenever financing construction and guarantee covers 100%, please submit:

·         Maps, drawings, permit and budget to know construction work and proof that customer is committed to project.

·         Once construction works are done, customer shall pay thirty six ($36) for expert inspection.

Request your Loan now in any of BCR Branches


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 Service Department at (506) 2211-1111 or write to CentroAsistenciaBCR@bancobcr.com


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