BCP launches cross-border mortgage for Peruvians in US, financing up to 70%

Peru's Banco de Crédito (BCP) introduced a mortgage product allowing Peruvians residing in the U.S. to finance up to 70% of a home in Peru, using U.S. income and international credit history. This expands cross-border lending, potentially boosting Peruvian real estate demand and remittance-linked financial flows. The product's uptake and impact on housing markets remain uncertain.