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Cuba 💰 CUP Last updated2026-05-28 Crédito hipotecario Calculator
Cuba
A crédito hipotecario of 2,500,000 CUP at 9% over 20 years works out to a monthly payment of about $22,493, with total interest of $2,898,356 over the full term.
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Local context Crédito hipotecarios in Cuba
Market overview
Cuba's mortgage market is effectively state-controlled, operated through Banco Metropolitano, Banco Popular de Ahorro (BPA), Banco de Crédito y Comercio (BANDEC) and Banco Hipotecario Nacional, all supervised by the Banco Central de Cuba (BCC). Following the January 2021 Tarea Ordenamiento that abolished the dual CUP/CUC currency system, the official CUP rate is 24:1 USD but the informal market trades around 350-450:1. Private home sales were legalised in 2011 (Decree-Law 288).
Why 9% is the typical rate
Administered rates of 6-12% reflect BCC's state-set lending rates rather than a market-determined policy rate, with subsidised housing-program rates around 2.5-4% for state-allocated housing.
Tax & regulatory notes
Transfer tax under Law 113 of the Tax System (2012) is 4% of declared value, often well below true market value. Decree-Law 288/2011 legalised private property sales between Cubans for the first time since 1959. Foreign ownership remains prohibited except through joint ventures or in designated tourism real estate zones. The Banco Hipotecario Nacional administers state mortgage subsidies.
A crédito hipotecario of 2,500,000 CUP at 9% over 20 years
$2,500,000 9% 20 years (240 months) $22,493 $2,898,356 $5,398,356 
