Getting a loan for a mortgage or for other financial reasons can be quite difficult for expats. There are however, some circumstances that may permit you to get a bank loan.
The current mortgage rate for property is between 15-18% per year. This is usually a short term loan of 5 to 15 years and are given mostly to only Colombian nationals. Direct financing is not available for foreigners in Colombia.
Although it may be difficult to get a loan as an expat, some banks will grant you one if you meet the following conditions: