Jupema Offers Housing Loans for Workers and Education Pensioners

Workers and education pensioners will be able to fulfill the dream of acquiring a home, buying a property, canceling a mortgage and even improving the house in which they live thanks to the housing loan offered by the Board of Pensions and Retirements of the Teachers (Jupema).

This is financing for up to ₡100 million for a term of up to 30 years, with an interest rate of 8.5% fixed during the first five years and 9.5% fixed during the following five years.

In addition, for your greatest benefit, Jupema assumes the appraisal costs of a property offered as collateral for a single time, fees and stamps of the constitution of the mortgage, as well as administrative expenses.

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At the end of March 2023, there are a total of 586 credit operations under the housing line, where most of the beneficiaries were pensioners and MEP workers.

The entity also offers lines of credit in health, funeral services, personal, debt consolidation and housing.

“Jupema is an institution that not only manages the National Teachers’ pension fund, but also carries out programs that affect the quality of life of our affiliation, in this sense guaranteeing access to credit with good conditions within the financial market, It allows us to contribute to the right that people have to have decent housing and according to their possibilities and family needs”, said Carlos Arias, executive director of Jupema.

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The credit portfolio represents more than ¢332 billion of the total investments of the Fund of the Collective Capitalization Regime (RCC).