State Bank announced this Thursday a new mortgage announcement that, according to what he said, will seek to “contribute to improving the conditions in which Chilean families can access financing for a home.”
It also aims to revive the mortgage market and “give more people the opportunity to obtain mortgages at favorable interest rates”, which will allow them to finance their property purchases.
The new mortgage offered by the entity will have a fixed interest rate in UF plus 3.85% per year. Up to 80% financing will be considered for a maximum of 20 years. According to BancoEstado, those who request it will have a checking account plan and automatic account payments (PAC) linked to their dividends.
The offer will be valid for all approved transactions until June 30 of this year. Another feature of the loan is that there will be a grace period of up to 6 months when paying the first dividend and up to 2 months of non-payment during the year.
While home loan rates have remained high, home loan rates have had a respite: In late April, they fell after a year of steady growth.
In which, the average for the first week of May is 4.33; and at the beginning of the last week of last month, according to data from the Central Bank, they rose to an average of 4.41%.
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