Financing at Banco Inter, how does it work?
Home financing is also a product offered by Banco Inter, in a fully digital format. This institution may seem new to the financial market, but it's actually been around since 1994.
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In fact, today Banco Inter operates as an innovative startup, offering customers a complete online bank with no fees.
In addition to being able to open a checking account without paying anything, you can also finance your dream home through the app.
Continue reading this article and learn all about how Banco Inter's property financing works.
How financing works at Banco Inter
Firstly, for those who are thinking about financing their own home, a positive point is that it is done digitally via cell phone, without bureaucracy and without frills.
Therefore, the first step is to have an active checking account, which is done quickly through the app.
Then, simply run a simulation, which will provide a no-obligation pre-approval. If everything is in order, simply submit the necessary documents, and the financing will be released shortly after the property is registered.
What are the benefits?
Second, with over 25 years in the financial market, the institution offers the best payment terms available. Just look:
- Interest rates from 7.7% per year, TR or 5% per year and IPCA;
- Financing of commercial or residential properties;
- Insurance expenses included in the installments, cheaper than the margin offered on the market;
- It is possible to finance both new and used properties;
- Payment can be made over up to 30 years, and up to 70% of the property can be financed.
- The entire process is simple, and the money is released very quickly;
How does the interest rate work on Banco Inter home financing?
Another important point is that when choosing to finance a home with Banco Inter, the customer has the flexibility to choose the interest rate that will be used to pay the installments.
Therefore, it is possible to choose either the 7.7% + TR rate or the 5% plus IPCA rate, see below the details of how each one works:
Rate of 7.7% + TR
In short, TR is a reference rate calculated by the Central Bank, which is used to correct contract and investment values that are attached to the rate.
As a result, the client can use up to 30% of their income to pay the monthly installments. In other words, financing a home using the TR interest rate is best for those who will be paying monthly installments over a long period of time.
Rate of 5% + IPCA
On the other hand, the IPCA rate, in other words, represents the broad consumer price index. In short, it's recommended for clients who want to pay off their property in the short or long term.
Take advantage and learn how to open an account at Banco Inter clicking here.
