Until May 21, 2025, the plan to grant preferential interest rates for mortgage loans in the country was extended.

On May 20, Law No. 85 was published in Gaceta Oficial, which was approved by the National Assembly in April of this year and sanctioned this week by President Juan Carlos Varela.

See “Preferential Interest Law for Housing Sanctioned”

Among the most important changes is the modification of the value of the properties that apply for preferential interest, since now the State assumes 100% of the bank interest on housing, whose value is up to $40,000.

Laestrella.com.pa reviews that “… From $40,000 to $65,000, the State assumes 4% of the bank interest and from $65,000 to $120,000 covers 2%. Homes exceeding $120,000 are excluded from the benefit, that is, the buyer must pay the full interest rate prevailing in the financial market.”

See full publication in Gaceta Oficial.