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How to choose the best loan in Costa Rica

If you want to know how to choose the best loan and the right Equity Loan Company in Costa Rica, then this article is for you.

Gap Equity Loans is a Costa Rican company founded in 2008 by industry experts looking to offer help with accessible equity loans with private lenders for those in need. So, the day’s question is, “Why come to us for help with a loan?”

Here are five reasons to come to Gap Equity Loans for help with your loan:


First, we can help close the loan in 5 to 15 days, assuming we have all the requested information. So if you need a loan, submit your application, ten quality pictures, land survey (Plano catastro) number, and google coordinates. Once we have that and do our preliminary due diligence and valuation, we see the property, give it our appraisal, and present it to one of the many lenders we work with. As soon as one of the private lenders is interested, we coordinate the help to close, and… voila – the money you need is in your hands within days!


The rates the private lenders offer are super competitive! Loans are about 12-16%, depending on the quality of the loan and the amount requested. We try to be as fair to the borrower and protect the lender. We help avoid foreclosures at all costs. Private lenders we work with are just looking for a decent, reliable return on their investment. By achieving this, we create a “win-win” situation. 


Borrow from $50,000 up to $1,000,000 USD and more.

Types of Loans

There are many reasons why private lenders can offer more than banks. For example, we have helped close solar energy loans, buy a boat, or renovate a home. We also have helped to close construction loans with some larger companies. These types of loans are more complex. The project must be well underway, meaning 50% completed, before considering the loan.

Our Competition

We pride ourselves on being more than just loan originators. We offer people many services through our affiliates, including wills, life insurance, property, and even travel insurance through our sister company CRIE! If a project involves, borrowers often come to us for business plans and executive summaries. With many years of experience in Costa Rica, we know what works and doesn’t. We keep a line of communication open at all times for the borrower so they can call us with any concerns or inquiries. We also pay referral fees! After all, a borrower who knows we are here for them will recommend us to other potential borrowers.

-Written by Glenn Tellier (Founder of Grupo Gap)

[email protected]



*Loan Request Form

    Your Information

    How Did You Hear About Us?


    Referral Name:

    Your Name:

    Your Email Address:

    Your Phone (if possible, include both home and mobile numbers)

    Loan Request

    Amount Requested:


    Use of Funds:

    Collateral Property Details

    Property Location: Please include Province, Town, and District

    Approx. Land Area: (pick square meters or square feet)

    Approx. Construction Area M2: (pick square meters or square feet)

    Property Value:


    Property Description: Please include the age and condition of the property

    What is/are your Land Survey (plano catastrado) or Lot number(s)? (optional)



    Frequently Asked Questions

    What are the requirements to get a loan in Costa Rica?

    The requirements for getting a loan in Costa Rica vary depending on the lender and the loan type. However, most lenders require proof of income, a valid ID, and a good credit score.

    How can I improve my chances of getting approved for a loan in Costa Rica?

    You can improve your chances of getting approved for a loan in Costa Rica by maintaining a good credit, providing accurate and up-to-date information, and choosing a loan type that suits your financial situation.

    What is the difference between a secured and an unsecured loan?

    A secured loan is a loan that requires collateral, such as a home or property, while an unsecured loan does not require collateral.

    What is the maximum loan amount I can borrow in Costa Rica?

    The maximum loan amount in Costa Rica depends on the lender and the loan type. It is important to check with the lender for their specific loan limits, however we have done loans around a million dollars.

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

    The time to get a loan in Costa Rica varies depending on the lender and the loan type. Some loans can be approved and disbursed within a few days, while others may take several weeks.

    Can I get a loan in Costa Rica if I am a foreigner?

    Yes, Foreigners can get loans in Costa Rica but may have to meet additional requirements and provide other documentation.

    Can I pay off my loan early without penalty?

    Some lenders in Costa Rica allow borrowers to pay off their loans early without penalty, while others may charge a prepayment fee. It is important to check with the lender for their specific policies before.



     Contact us for more information, or fill out a loan request now!




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

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