Bancolombia announced that as of July 20, 2024, it will reduce the housing credit rate and housing leasing for projects financed by that Bank at 10% EA.
With this, the battle between banks is unleashed so that other financial institutions also lower interest rates.
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The bank noted that, in the case of new housing loans in projects not financed by the bank, loans for the acquisition and remodeling of used housing, construction of individual housing and purchase of housing portfolio, The rate will be 11% EA.
“The measure aims to continue promoting the appetite of Colombians to have their own home, as well as boost the Business in the Real Estate and Construction Sector with the purpose of housing for all,” the entity said in a statement.
Bancolombia hopes that you are new measures will benefit at least 21,000 Colombian families, delivering disbursements of up to $2.6 billion by the end of the year.
But in addition, this will also apply to Colombians abroad who live in one of the 20 countries served by Bancolombia, such as United States, Canada, Spain, United Kingdom and Australia, among others.
These new financing rates will be in effect, initially, between July 20 and December 31, 2024 or until the quota available for disbursements is exhausted.
