Residential Leasing
If you are ready to own your home with what you currently pay in rent, Leasing is for you!
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What is Residential Leasing?
It is a financing alternative offered by the National Savings Fund (Fondo Nacional del Ahorro) that enables its members to acquire their own home through a financial leasing agreement. At the end of the contract term, the member may exercise the purchase option and acquire ownership of the property.
The main difference compared to a mortgage loan is that, during the term of the contract, the property remains under the ownership of the National Savings Fund (FNA). Therefore, its value is not included in the member’s assets or net worth until the purchase option is exercised.
Benefits
Allows you to live in the property while progressing toward its purchase.
Reduces the down payment compared to a traditional purchase.
May be supplemented with subsidies or coverages.
Features
1
Financing: Up to 90% of the property's value.
2
Type of housing: Urban, new or used.
3
Property value: Not VIS.
4
Option to purchase at the end of the contract.
5
Amortization: In Colombian pesos.
6
Term: From 5 to 20 years.
7
A purchase option of 0%, 1%, 10%, 20% or 30%, agreed at the beginning of the contract and payable at the end of the lease term depending on the financed amount.
How do I sign up?
Contact an advisor
Have questions? Get in touch now and receive personalized advice.
Sign up online
You can now become part of the Fondo Nacional del Ahorro virtually, just one click away.
Download the form
You can now also request your product in a more efficient way.
Requirements and documents
- Photocopy of identification document.
- Housing financing application form fully completed, with no amendments or strikethroughs.
- Income tax return or Certificate of Income and Withholdings (CIR) for the most recent taxable year, as applicable.
- Work certificate with an issue date no older than 60 days. Show at least six (6) months of income in the last twelve (12) months for a permanent contract or eight (8) months of income for contracts other than permanent.
- Payment, expense, or pension slips for the last three (3) months.
- Certification of the monthly salary assigned to the permanent position, for affiliates serving on a provisional basis.
The FNA may request additional documentation (specific to the economic activity) that it considers necessary for analyzing the credit application, in order to make informed decisions regarding credit risk mitigation.
Interest rates
At the FNA we look out for you and your finances. That is why we offer excellent rates to help you achieve your dream of owning a home.
View current rates
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