What are the bank/financing company’s interest rates for financing property in Panama?
The interest rates are generally similar to those offered in the USA. The rates actually depend on a number of factors, including: · Type of property (personal residence, commercial property, investment property, etc.) · Age of construction (new construction, old construction) · Loan Term (short term, long term, etc.) · Applicants age and status (retired, etc.) · Additional collaterals offered to the bank as guarantee on the loan.
