Applying for a bank loan in Costa Rica requires meeting specific criteria depending on the applicant’s employment profile. Below is the necessary information based on different profiles:
1. General Requirements
- Job Stability: A minimum of one year in the current job or demonstrating the same period of independent activity.
- Identification Card: Valid and in good condition.
2. Salaried Employee Profile
Applicants with a fixed income and formal employment must present:
- Salary Certification: A document issued by the employer that certifies the applicant’s monthly salary.
- CCSS Salary Report: A report from the Costa Rican Social Security (CCSS) for the last 12 months, reflecting the employer’s contributions.
- Pay Stubs: Salary slips for the entire last month, showing gross income, deductions, and net salary.
3. Independent Worker Profile
Formal
For formalized independent workers, the requirements are:
- Identification Card: Valid and in good condition.
- Tax Return: Present the tax return for the last fiscal period.
- VAT Reports: Copies of VAT reports for the last 12 months, showing income and expenses.
- Income Certification: Issued by a certified public accountant, detailing gross and net income.
- Prior Inspection Visit: Conducted by the branch manager to verify the economic activity.
Informal
For those engaged in informal economic activities, the requirements include:
- Identification Card: Valid and in good condition.
- Bank Statements: Bank statements for the last 12 months showing financial transactions and economic activity.
- Certification of Informal Income: A document issued by a certified public accountant, certifying gross and net income.
- Prior Inspection Visit: Conducted by the branch manager to verify the economic activity.
4. Requirements for Mortgage Guarantee
For those applying for a loan with a mortgage guarantee, the following additional documents are required:
- Cadastral Map: A document detailing the exact dimensions and location of the property.
- Property Certification: Up-to-date with the municipality, confirming no outstanding debts.
- Land Registry Certificate: Indicating that the property is in a registered area.
- Land Use Permit: Certification authorizing the use of the land according to local regulations.
- Availability of Water and Electricity: Documents confirming that the property has access to basic services.
- Purchase Agreement: A signed agreement between the buyer and seller of the property.
- Seller’s Identification: Identification document of the current property owner.
Conclusion
By meeting these specific requirements, applicants can increase their chances of approval for a loan in Costa Rica, whether for personal projects, property purchases, or business investments. It is recommended to have all documents updated and in order to facilitate the process with the financial institution.
Additional Considerations
Each bank or financial institution may have additional requirements and internal policies that must be met. It is recommended to consult directly with the financial institution of interest to obtain a detailed list of specific requirements and ensure all necessary documentation is in order.
Metapropiedades, asesores inmobiliarios
Whatsapp 6040 Meta
Homepage – Meta Propiedades (metapropiedadescr.com)
