Panama Title and Escrow Panama Title and Escrow
Panama Title and Escrow
Panama Title and Escrow
Financing Info

Obtaining financing in Panama is available through several international banks. Currently, interest rates are at their lowest point in over 20 years. Interest rates in Panama are very similar to those of the USA. Please review the charts below for more details about financing.

The major banks that are offering financing to foreigners in Panama are;

HSBC Bank
Scotia Bank
Bank of Boston
BAC International Bank
Banco Continental
PanaBank
Banco General
BanIstmo

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Institution
HSBC Bank Panama
Interest rates
Vary with mortgage amount & terms
Term
Up to 30 years
Minimum Loan Amount
None
Max Loan Amount
Depends on type of property
Commission Fees
Varies
Who Qualifies
Residents or Foreigners
Requirements
  • Two forms of ID
  • Bank reference letter
  • Commercial reference letter
  • Income tax statements - last 2 years
  • Bank statements - last 2 years
  • Financial statements - last 2 years
  • All documents appostiled, or authenticated by the Panamanian Consulate

Institution
Banco Continental
Interest rates
10%
Term
Up to 15 years
Minimum Loan Amount
None
Max Loan Amount
70% for living purposes / 60% for recreational purposes
Commission Fees
6% Real Estate Brokerage Fee
Who Qualifies
Residents or Foreigners
Requirements
  • Complete Photocopy of Passport (all pages)
  • Two Bank reference letters
  • Two Personal reference letters
  • Income tax statements - last 3 years
  • Credit report
  • Letter from employer certifying income
  • All documents appostiled, or authenticated by the Panamanian Consulate

 
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