Financing

Mortgage Pre-Approval

Panama is one of the most secure offshore enters in the world. With over 100 banks from all over the world, financing your recent real estate purchase can be successfully achieved through banks with departments that specialize in providing mortgages to foreign investors.

Loans are typically issued at 70% of the cost of the property and can range from 10 to 30 years.
Interest rates vary between 6%-7% plus 1% FECI tax.


For mortgage pre-approval, the following documents are required:

Copy of signed purchase and sale agreement
Copy of passport
Copy of past two year's income tax receipts
Two bank reference letters

Documents needed for requesting a mortgage loan?

– Original job letter.
– Copy of the personal ID Card.
– Copy of the Social Segurity Voucher.
– Copy of the lastest two payroll receipts.
– Signed and Completed Application form the Bank.
– Income evidence (last 2 years tax returns).
– Two notarized bank reference letters.

Can I open a bank account in Panama?

yes, foreigners can open personal bank accounts in Panama.
www.multibank.com.pa