The Fondo Nacional de Ahorro and Banco Agrario lead with the lowest rates for mortgage credits and leasing on VIS and non-VIS housing in February, per Superintendencia Financiera data as of January 23. These rates reflect recent adjustments in the usury and interest rates, benefiting potential homebuyers. The overall leasing average stands at 12.30%.
Housing leasing allows individuals to rent a property from a bank with an option to purchase at the end of the contract. According to the Superintendencia Financiera, the average rate for non-VIS housing leasing with 15-20 year terms is 12.26% effective annual. The Fondo Nacional de Ahorro (FNA) offers the lowest at 10.8%, followed by BBVA at 11%, Banco de Bogotá at 12.1%, and Banco de Occidente at 12.2%. Davivienda is at 12.7%, above average, and Itaú at 13.3%.
For 7-15 year terms, the average is 12.51%, with BBVA at 11.7%, Davivienda at 12.5%, and Banco de Occidente at 13.2%. For up to 7 years, BBVA offers 14.1% on an average of 14.05%, and for up to 5 years, the average is 13.65%.
VIS housing has a smaller portfolio. For 15-20 years, the average is 12.43%, with BBVA at 11.2%, Davivienda at 12.2%, and Banco de Occidente at 15.1%. For 7-15 years, the average drops to 11.47%, led by BBVA at 9.9% and Davivienda at 12.12%.
Mortgage credits are more common for VIS, with an average of 12.47%. Banco Agrario has the lowest rate at 10.9%, while Banco Unión offers 15.9%. By terms: 5 years (average 12.76%, Banco Agrario 11.3%); 7-15 years (12.66%, FNA 10.9%); 5-7 years (12.68%, FNA 10.8%); 15-20 years (12.40%, Banco Agrario 10.9%); over 20 years (12.62%, Banco Agrario 10.7%).
For non-VIS, rates average 13.65% for up to 5 years (Scotiabank Colpatria 12.2%); 13.45% for 5-7 years (Banco Caja Social 11.5%); 13.13% for 7-15 years (AV Villas 11.5%); 13.07% for 15-20 years (Banco Caja Social 11.6%); and Banco Agrario offers 12.5% for over 20 years. These figures assist users in comparing options based on their financial profile.
