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How to renew a loan in Costa Rica

Is Your Loan Coming Due? Don’t Panic. We know how to help renew your loan in Costa Rica!

Grupo Gap makes it super easy to help renew your loan!

Typically, a loan that we process can be renewed/refinanced if the borrower (that’s you) has never been a “day late or a dollar short” with their loan payments. We say typically because circumstances change. A lender may choose not to renew because he/she would like their capital back for personal, medical reasons, etc…

However, as a borrower, never missing a loan payment or being short on a loan payment is worth its weight to us in Gold!

It becomes very easy for us to refer a borrower to a new lender when there is a good loan repayment history. Also, we strongly suggest that the borrower pays down their equity loan by minimum of 10% or more. The reason for this is so the loan amount does not increase due to fees associated with renewing the loan.

So, there is no need to panic. If your loan is coming due, then give us a call! Refinancing an equity loan in Costa Rica is possible and much easier than refinancing with a local bank.

Note: Geopolitical situations may affect the renewal process, which is beyond anyone’s control (global financial crisis, global conflicts, and natural disasters) are a few examples.


-Co-written by Lawsen Parker (Operations Manager) and Glenn Tellier (Founder of Grupo Gap)


To fill out a loan request – Click HERE.


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