New Mivivienda Credit: Know the requirements to receive the State bonus

In order for more Peruvians to have access to their own home, the Government created the Mivivienda Fund, a program that allows you to buy any home, build on your own land or build independently and improve your home. Here we tell you what you need to know to access the benefits and the bonus.

The New Mivivienda Credit is the ideal, if you want to buy a house, because it allows the beneficiary to receive the Good Payer Bonus (BBP), a non-refundable economic aid that is granted through financial institutions.

What are the requirements to access the benefit?

To purchase a home, the following conditions must be met:

• Be of legal age (18 years).
• Be a natural person resident in Peru or Peruvian resident abroad.
• Have a minimum down payment of 7.5% of the value of the home.
• Be qualified as credit subject by a Financial Institution (IFI).
• Not be the owner or co-owner of another home in any locality in the country. Neither may the spouse or legally recognized cohabitant be the owner of another home, regardless of their patrimonial regime, or the minor children.
• Not having acquired, neither the applicant nor his spouse or legally recognized partner, a home financed with resources from the Mivivienda Fund or the Techo Propio Program or Fonavi.

What is the bonus that will be received?

The Good Payer Bonus is a non-refundable financial aid that is granted to a beneficiary if they acquire a loan with the New Mivivienda Credit through the Intermediary Financial Institutions (IFI)

The New Mivivienda Credit finances homes from S/ 65,200 in a payment term of 5 to 25 years.

• For homes ranging from S/ 65,200 to S/ 93,100, the bonus is S/ 25,700.
• To acquire homes that are sold between S/ 93,100 to S/ 139,400, the benefit is S/ 21,400.
• For properties ranging between S/ 139,400 to S/ 232,200, financial aid is S/ 19,600.
• For homes whose prices range from S/ 232,200 to S/ 343,900, the bonus is S/ 10,800.

Which financial entities participate?

The Mivivienda Credit currently has the participation of eight multiple banking entities, six municipal savings banks, two finance companies, an EDPYME and a rural savings bank. Get to know each of them here:

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