How to Get a Loan in Costa Rica: A 2025 Guide

September 2, 2025
Borrow, Borrowing, Costa Rica, Credit, Equity Loans, Foreclosure, Real Estate, Referral Program

Introduction: Navigating the Costa Rican Loan Landscape

Securing a loan in Costa Rica can be a straightforward process when you have the right partner. At GAP Equity Loans, we specialize in helping both locals and expats navigate the financing landscape with ease. This guide will walk you through the essential steps to getting a loan in Costa Rica in 2025, from understanding the requirements to choosing the right lender.

Understanding the Loan Process in Costa Rica

The loan process in Costa Rica can differ from what you might be used to in other countries. Here’s a breakdown of what to expect when you apply for a loan with GAP Equity Loans.

Step 1: Initial Consultation and Pre-Approval

The first step is to contact us for an initial consultation. We’ll discuss your financial situation, your property’s details, and your loan requirements. Based on this information, we can provide a pre-approval, giving you a clear idea of the loan amount you may qualify for.

Step 2: Property Valuation

Next, we’ll arrange for a professional valuation of your property. This is a crucial step, as the loan amount is based on your property’s current market value. We work with experienced appraisers to ensure an accurate and fair valuation.

Step 3: Documentation and Due Diligence

Once the valuation is complete, we’ll guide you through the documentation process. You’ll need to provide documents such as your property title, a survey plan, and personal identification. Our team will conduct due diligence to ensure everything is in order.

Step 4: Loan Approval and Disbursement

After all the documentation is verified, we’ll provide final loan approval. The funds will then be disbursed to you in a lump sum, ready for you to use for your intended purpose.

Explore Our Network of Services

As part of the GAP Group, we offer a comprehensive suite of services to meet all of your needs in Costa Rica. Whether you’re looking to invest, buy or sell real estate, or navigate the immigration process, our network of experts is here to help.

Frequently Asked Questions (FAQ)

What types of loans does GAP Equity Loans offer?

We specialize in home equity loans, which are asset-based loans secured by your property. We also offer commercial loans, construction loans, and project funding.

What are the interest rates for loans in Costa Rica?

Interest rates vary depending on the loan type and other factors. At GAP Equity Loans, our rates are fixed for the entire loan term, providing you with stability and predictability.

How long does it take to get a loan in Costa Rica?

With GAP Equity Loans, the process is much faster than with traditional banks. We can typically approve and disburse a loan within 1-2 weeks.

Can I get a loan in Costa Rica as a foreigner?

Yes, we provide loans to both locals and expats. Our asset-based lending approach makes it easier for foreigners to secure financing in Costa Rica.

What documents do I need to apply for a loan?

You will need your property title, a survey plan, personal identification, and some basic financial information. Our team will guide you through the specific requirements.

Is my credit score important for getting a loan?

At GAP Equity Loans, we are an asset-based lender, which means we focus on the value of your property, not your credit score.

What is the maximum loan amount I can get?

The loan amount is based on your property’s equity, with a maximum loan-to-value (LTV) ratio of 50%.

Are there any upfront fees?

We do not charge large upfront fees. There may be a modest site visit fee for properties located outside the Central Valley.

Contact Us Today

If you have any questions about getting a loan in Costa Rica or would like to start the application process, please don’t hesitate to contact us. Our team of experts is ready to help you achieve your financial goals.

Call or WhatsApp: +506 4001-6413

USA/Canada Toll-Free: 855-562-6427

Email: [email protected]

Website: https://www.gapequityloans.com

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial or legal advice. The interest rates, terms, and conditions of loans are subject to change and are determined on a case-by-case basis. Please consult with a qualified professional before making any financial decisions. All loans are subject to approval and are secured by real estate in Costa Rica. GAP Equity Loans is a private lending network and does not operate as a bank.

Article by Glenn Tellier (Founder of CRIE and Grupo Gap)