The Deputy Administrator of Business, William Read Ortiz, considered as "impressive" number of people on Saturday had prequalified for a home loan, "which shows that the Dominican is very aware of the need to acquire their own home."
He stressed that the high demand generated by the public housing units with value less than RD $ 3 million, for which the bank has arranged a rate of 7.73%, fixed for one year and 8.73% in just two years.
"For bcp homes valued at more than RD $ 3 million the rate is 8.73%, fixed for a year, and 9.73% for two years. Loans for real estate, local business and solar projects have fixed rates of 9.73% and 10.73% at one and two years, respectively, bcp "the executive said.
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