Types of mortgage loans in Peru. What they are and key requirements
Posted: Mon Dec 23, 2024 6:11 am
What are the types of mortgage loans in Peru ? In a market where there are more and more people interested in financing the acquisition of their own home, offering mortgage loans is a profitable alternative. However, we must be extremely careful with credit management , since if we make mistakes in the process we could affect the financial stability of the business. In this sense, it is important that we analyze which credit profiles are admissible for granting loans. Let's evaluate the requirements for applications to be approved. And let's define the types of mortgage loans that we are going to give.
To help you with the latter, it is important that you keep in mind the buy targeted email list of mortgage loans according to the SBS. After all, to generate trust in your clients you should be a mortgage loan company regulated by this entity.
What will you find in this text?
Types of mortgage loans in Peru: Which ones can you offer?
1. Traditional mortgage credit
2. MiVivienda mortgage loan
3. Mortgage loan to finance construction
Considerations for offering different types of mortgage loans
Types of mortgage loans in Peru: Which ones can you offer?
Let's start by talking about the different types of mortgage loans in Peru and what should be considered when offering them.
1. Traditional mortgage credit
This is the most common type of mortgage loan in Peru. It consists of lending money for the acquisition of real estate. This can be a built property or a piece of land. In this type of loan, said property serves as collateral for the loan. This means that, if the creditor does not comply with his payments, the property could be claimed by the lending company to recover the money lent.
4-Automate your debt collection management-banner
2. MiVivienda mortgage loan
In Peru, there is also a type of mortgage loan similar to the previous one, but with less rigid requirements than in a traditional loan. This is the MiVivienda mortgage loan offered by some financial entities in agreement with the State. Thanks to this fund, a loan is offered with a competitive interest rate, although for projects that are financed with resources from the MiVivienda Fund or the Techo Propio Program .
To help you with the latter, it is important that you keep in mind the buy targeted email list of mortgage loans according to the SBS. After all, to generate trust in your clients you should be a mortgage loan company regulated by this entity.
What will you find in this text?
Types of mortgage loans in Peru: Which ones can you offer?
1. Traditional mortgage credit
2. MiVivienda mortgage loan
3. Mortgage loan to finance construction
Considerations for offering different types of mortgage loans
Types of mortgage loans in Peru: Which ones can you offer?
Let's start by talking about the different types of mortgage loans in Peru and what should be considered when offering them.
1. Traditional mortgage credit
This is the most common type of mortgage loan in Peru. It consists of lending money for the acquisition of real estate. This can be a built property or a piece of land. In this type of loan, said property serves as collateral for the loan. This means that, if the creditor does not comply with his payments, the property could be claimed by the lending company to recover the money lent.
4-Automate your debt collection management-banner
2. MiVivienda mortgage loan
In Peru, there is also a type of mortgage loan similar to the previous one, but with less rigid requirements than in a traditional loan. This is the MiVivienda mortgage loan offered by some financial entities in agreement with the State. Thanks to this fund, a loan is offered with a competitive interest rate, although for projects that are financed with resources from the MiVivienda Fund or the Techo Propio Program .