New Mivivienda Credit 2022: Can I make prepayments without losing the Good Payer Bonus?

The Ministry of Housing, Construction and Sanitation (MVCS) authorized the transfer of S/ 108.7 million to the Mivivienda Fund, in order to finance the disbursement of the Good Payer Bonus (BBP) of the New Mivivienda Credit until the end of the year. With these resources, up to 5,054 bonuses can be awarded, but can I lose this benefit if I make prepayments?

It should be noted that this subsidy is aimed at middle-income people with a good credit history and who access the New Mivivienda Credit.

How much is the Good Payer Bonus?

One of the great benefits of this credit is the Good Payer Bonus (BBP) that ranges from S/ 10,800 to S/ 25,700. The Peruvian State provides this economic aid for the payment of the initial fee.

LOOK: New Credit Mivivienda 2022: How much is the initial fee to access financing?

In addition, if the beneficiary decides to acquire an eco-sustainable home, they are granted the Sustainable Mivivienda Bonus, whose current value is S/ 5,400 and allows them to pay a higher initial fee for the purchase of the property, since it is added to the Good Payer Bonus.

Can I make prepayments without losing the Good Payer Bonus?

According to the Mivivienda Fund, people can make prepayments of their mortgage loan, but they must take into account that if they make the total cancellation before five years, they are exposed to the elimination of the benefit of the Good Payer Bonus.

That is, they have to repay the amount of the bond that was granted to them plus legal interest.

In this sense, in order not to lose the benefit, it is recommended that prepayments be made five years after the mortgage loan began to be paid.

What are the requirements to access the New Mivivienda Credit?

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.

How to apply for the New Mivivienda Credit?

To request the New Mivivienda Credit you must follow the following steps:

Ask for rating: Ask the affiliated financial entities to evaluate your payment capacity and ask about the programmed savings.
Search housing: It can be through the search engine of the official page, real estate developers, real estate portals, financial entities or any other certified means.
Choose housing: Keep in mind that if you choose a project that is sustainable, you will be awarded an additional bonus to the initial one.
Acquire the house: Once your credit is approved by the financial institution, you can now own it.