María Pia Castro, Enterprise Financing Discipline Leader of BBVA in Peru, points out that the Green Mortgage Credit product represented 9% of the bank’s mortgage turnover in 2025, a level that has been maintained during the first quarter of 2026. She specifies that this performance is in line with the entity’s projections.
Regarding the conditions of the product, it indicates that the rate difference compared to a traditional mortgage loan is approximately 0.15% per year. Over a period of 25 years, this translates into a total cost of credit that is around 1.3% lower. He adds that the main benefit is not only in the rate, but in the energy efficiency associated with sustainable projects.
Castro explains that the demand does not necessarily originate with the client. “Clients come looking for a mortgage loan, not necessarily a green Mortgage Loan, and we are the ones who offer them the best product for their needs,” he says.
Likewise, it points out that the availability of certified projects continues to be a limitation. It indicates that these still represent a minority within the total financed by the bank, although they are growing as clients value the efficiency of the homes and the developers acquire greater experience in their development. “Certified projects today are still a minority within the total number of projects we finance; however, they are growing above the market,” he adds.
Along the same lines, BanBif notes that product growth shows a more accelerated dynamic. Enrique La Torre, manager of the Real Estate and Mortgage Banking Division, indicates that the entity placed 460 operations of its Sustainable Mortgage Loan product in 2025, for a total of US$44.3 million, and that so far in 2026 it has registered more than 170 operations for US$18.1 million.
The executive highlights that the product includes a bonus equivalent to 2% of the amount disbursed, which is delivered to the client in the 19th month of the loan. This incentive is aimed at the purchase of properties with LEED certification (international certification that evaluates the environmental performance of buildings) or EDGE (standard that certifies savings in energy, water and materials in homes), associated with a more efficient use of resources such as energy and water.
Regarding the client profile, La Torre points out that they are mainly people between 31 and 50 years old, with a majority participation of singles, who represent 62% of the total. He adds that the average ticket for these credits reaches US$100,000 and that the greatest demand is concentrated in Lima, where there is a greater supply of sustainable projects. “It is projected that in the coming months this offer will expand to other regions of the country,” he adds.
In this context, the advancement of this type of financing depends not only on the offer of products from banks, but also on the availability of projects that meet sustainability standards, which is a necessary condition to access these credits.
In parallel, from the real estate side, experience shows that the use of this type of financing is directly linked to the availability of certified projects. César Madrid, CEO of Madrid Inmobiliaria, indicates that in his developments this type of financing represents approximately 66% of sales.
Madrid adds that, in this process, the coordination between the real estate company and the financial institution occurs from the first stages of the sale, and that from the visit to the sales room the commercial advisor informs the client about the benefits of acquiring a home with sustainable certification and refers him to the bank’s advisor for the credit evaluation, accompanying him during the process.
The executive points out that this type of financing contributes to improving the speed of sale of projects. He explains that the combination of a lower mortgage rate and the benefits associated with sustainability have made it possible to increase absorption by at least 10%.
Madrid specifies that its projects are concentrated in Lima Top, in districts such as San Isidro, Surco and San Borja, as well as in Modern Lima, including Jesús María, Magdalena, San Miguel, Surquillo and Pueblo Libre. It indicates that the average ticket reaches S/850,000 in Lima Top and S/438,000 in Lima Moderna.
Likewise, it points out that access to this type of financing is conditional on the projects having certifications such as EDGE or LEED, which implies incorporating sustainability criteria from the design of the real estate development. He adds that these standards are considered from the development of the project to facilitate access to this type of credit.
Madrid adds that the reduction in the rate impacts the monthly payment, which makes it easier for more clients to qualify for a mortgage loan and generates relevant savings for the buyer.
