The Expohogar Banreservas fair approved RD $ 6.9 billion in mortgage financing.
Families and small and medium-sized enterprises (SMEs) acquired 2,749 homes and 151 commercial premises, taking advantage of the attractive financing conditions granted by the bank for a month.
The general administrator of Banreservas, Samuel Pereyra, highlighted the social contribution that Expohogar makes by offering favorable conditions so that all Dominicans can have their own home, allowing thousands of people to improve their quality of life.
“The scope of Expohogar extends to families, claiming their right to decent housing; to small and medium-sized enterprises, creating the basic conditions for them to transform the economy; and to the real estate sector, whose contribution to society ranges from job creation to the progressive reduction of the housing deficit, ”said Pereyra.
He explained that this year the fair received requests for financing for RD $ 10,000 million, of which RD $ 8,780 million corresponded to housing and RD $ 1,220 million to commercial premises.
In Expohogar 2020, the bank offered rates of 7 percent fixed for six months; 7.50 percent a year; 8 percent to three years; 10.95% at five years and 12.80 percent at ten years.
In addition, it financed up to 90% of the value of the homes. For the acquisition of commercial premises, it granted fixed rates of 8.50% for one year; 9% at three years and 11.95 percent at five years, said the general administrator of Banreservas.
For the first time in its history and due to the current situation due to the covid-19 pandemic, Expohogar Banreservas lasted one month, with the purpose of attending the flow of clients gradually and safely, focusing mainly on the reception of requests. through digital channels.
Expohogar, among other favorable conditions, made the Flexible Fee mode available to customers, an extraordinary annual subscription that allows them to reduce the amount of monthly fees.
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