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Where to go for a Loan in Costa Rica?

Gap Equity Loans is a Costa Rican company founded in 2008 by industry experts looking to offer help with accessible equity loans for those in need. So, the day’s question is, “Where to go for a Loan in Costa Rica?”

Here are some of the many reasons to come to Gap Equity Loans:

1. Speed

We can close in 5 to 20 days, assuming we have all your requested information. First, make a loan request, provide ten pictures, a land survey (Plano Catastro) number, and Google Maps coordination. Once we have that and do our preliminary due diligence and valuation, we see the property, give it our appraisal, and present it to our lending network. Once they approve the loan, we get the lawyer to draw the mortgage paperwork and coordinate the close — Voila! — money in your hands within days!

2. Rates

The rates of the private lenders are super competitive! They offer loans from 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. The reason for this is unlike other lending companies out there – we are not interested in foreclosures. Neither are our lenders. They are just looking for a decent, reliable return on their investment. By achieving this, we create a “win-win” situation. 

3. Amounts

Gap Equity Loans can close up to $1,000,000+ USD loans. These are rare but feasible if the collateral is good enough! On average, the loan amounts are approximately $50,000 to $250,000 USD. Although we have closed loans as low as $30,000 USD, the above is the sweet spot for our lenders.

4. Types of Loans

There are many reasons why we can offer help with your loan more than the banks, for example. We have closed loans for solar energy, buying a boat, or renovating your home. We also have closed construction loans with some larger companies (those are more complex and must be near completion before consideration). Helping with loans like these is simple, whereas commercial banks are not very interested in these loans.

5. Added Value

We pride ourselves on being more than just loan originators. We offer people many services through our affiliates, including wills, life insurance, property insurance, and even travel insurance! Borrowers often come to us for business plans and executive summaries if a project is involved.

With many years of experience in business in Costa Rica, we know what works here and what 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)



*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 is the minimum age to apply for a loan in Costa Rica?

    The minimum age to apply for a loan in Costa Rica is 18.

    Can foreigners apply for loans in Costa Rica?

    Yes, foreigners can apply for loans in Costa Rica. However, they may need to provide additional documentation, such as proof of residency or a work permit.

    How long does the loan application process take in Costa Rica?

    The loan application process can vary depending on the lender and the type of loan. Generally, approval from Gap’s private lenders can take a few days to a few weeks.

    What is the maximum loan amount available?

    From $50,000 and up to the millions

    Can loans be paid off early?

    Yes, most loans in Costa Rica can be paid off early. However, lenders will charge prepayment penalties, so check the loan terms before paying it off early.

    What is the typical interest rate for loans in Costa Rica?

     As of 2023, the average interest rate for equity loans is around 12% to 16%.

    Is it possible to get a loan in Costa Rica with bad credit?

    Getting a loan in Costa Rica with lousy credit may be more difficult, but it’s possible. Some lenders may require a co-signer or extra collateral to approve the loan. It’s always best to check with the lender directly to see what options are available.



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




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