What are the interest rates for financing property in Panama?
By and large, interest rates in Panama are in line with those offered in the U.S., although interest rates will depend on a variety of factors, including the type of property being purchased (personal residence, commercial property, investment property, etc.); the age of construction (new construction, old construction); the term of the loan (short term, long term, etc.); the applicant’s age and status (retired, etc.); and additional collateral offered to the bank as a guarantee on the loan.
The interest rates are generally right in line with those offered in the USA, however, interest rates really depend on a variety of factors, including: (1) type of property (personal residence, commercial property, investment property, etc.), (2) age of construction (new construction, old construction), (3) term of the loan (short term, long term, etc.), (4) applicants age and status (retired, etc.), and (5) additional collateral offered to the bank as guarantee on the loan.
The interest rates are generally right in line with those offered in the USA, however, interest rates really depend on a variety of factors, including; (1) type of property (personal residence, commercial property, investment property, etc.), (2) age of construction (new construction, old construction), (3) term of the loan (short term, long term, etc.), (4) applicants age and status (retired, etc.), and (5) additional collateral offered to the bank as guarantee on the loan.
