| Year | 2024 |
| Country | Peru |
| Variable (Code) | Product type for residential mortgages (acquisition): Variable-rate mortgages (VRM) (CV-3-02) |
| Methodological note | Fully amortizing new mortgage loans as a % of total new mortgage loans made in calander year: Variable Rate Mortgage loans with a fixed rate period at or < 1 year Note: VRM is a mortgage on which the interest rate can be changed by the lender. There are 2 phases in the life of an VRM. During the first phase the interest rate is fixed, just as on a FRM. The difference is that for a The difference is that for a FRM the rate is fixed for the term of the loan, whereas on an VRM it is fixed for a shorter period. The period ranges from a few months to 10 or more years. At the end of the initial rate period the rate is adjusted. There may be conditions related to the interest rate adjustment, e.g., a contractual maximum rate or a maximum rate increase from the previous rate. |
| Source | https://www.viabcp.com/mundo-hipotecario/modificacion-credito/cambio-tasa-mixta-a-fija |
| Note | En Perú, la oferta hipotecaria se concentra en créditos a tasa fija por su estabilidad. La tasa mixta tuvo uso marginal y fue retirada del mercado por su exposición al riesgo de variación de tasas |
| Date | 2024 |