Using foreign loans to purchase property in Colombia

If you don’t qualify for a loan in Colombia or you don’t want to pay the high interest rates that are normal in the country, you have, depending on your nationality, several options to obtain a loan from abroad to purchase property in Colombia.

• Borrowing from Bancolombia or Viventa. Both Bancolombia and Viventa lend money to individuals outside Colombia for the purpose of purchasing property in the country. Bancolombia’s service is known as "Colombianos en el Exterior" and involves credit checks in the United States. This service is available for clients with a savings account.
• Refinancing your properties in another country. If you own properties in another country, you can leverage them to secure funds and use these funds to purchase property in Colombia.