“BanCoppel Lends You $3 Million for a House in 2024”

“If you’re looking for a credit option to buy a new house, get familiar with this bank’s simulator that allows you to calculate monthly payments for 10, 15 and 20 years.

Are you about to buy your first or second property? BanCoppel lends you $3 million for a house in 2024, a calculation that you can do with the help of a simulator to know how much you’ll pay each month.

BanCoppel has the financial product Crédito Hipotecario BanCoppel, which is a long-term loan where the property serves as collateral and can be paid off in up to 20 years.

This financial institution has a credit simulator that allows you to enter the total value of the house, how much down payment is required, the interest rate, how much salary minimum is needed, the CAT (federal taxes), and initial expenses.

The simulation for a $3 million credit looks like this:

Credit amount: 3 million pesos

Down payment: $300,000

Credit amount: $2.7 million

Annual fixed interest rate: 9.90%

Minimum income: $49,462

Federal tax without VAT: 11.0%

Initial expenses: $532,500

How much will the monthly payment be if I pay it off in 20 years?

The simulator allows you to know how much the monthly payment will be if paid off in 10, 15 and 20 years, so that the client can know which amount adjusts best to their budget:

* 20 years: $27,204 (minimum income is $49,462)

* 15 years: $30,176 (minimum income is $54,866)

* 10 years: $36,858 (minimum income is $67,015)

What are the requirements?

* Minimum age: 25 years

* Maximum age: 64 years and 11 months

* Good credit history: It’s essential to have a good payment record with other financings.

* Job continuity: You must have at least 12 months of seniority in your current job.

* Verify income according to the amount requested

BanCoppel lends up to 90% of the house value or up to 95% with Apoyo Infonavit or Cofinavit support. The simulator from this bank allows you to pre-qualify before visiting a branch.”

Source: Mi Bolsillo