Caixa Loan with Property Guarantee – Find Out More!
Caixa Loan will offer a real estate credit line for individuals to help them achieve their goals.
Advertisements
Known as home equity, this modality allows the use of property as collateral for the loan, with the main benefit being lower interest rates compared to other types of personal credit.
The announcement was made by Caixa president Pedro Guimarães during a live broadcast.
In the category known as Renda Fácil Caixa, the contract can be for both residential and commercial properties.
For financing, there are three possible rates:
- IPCA – rate starting at 0.6% per month for a period of up to 15 years with a guarantee of up to 50% of the property value;
- TR – rate starting from 0.7% per month for a term of up to 15 years with up to 60% of the property value;
- Fixed rate – rate starting from 0.8% per month for a term of up to 15 years with up to 60% of the property value.
Learn more about the Caixa loan with property guarantee
In this first phase of the credit line, the property used as collateral must be unencumbered.
In all existing modalities, as seen above, the maximum financing term is 15 years.
The amortization system is also at the discretion of the consumer, who can choose between the Constant Amortization System (SAC) or the French Amortization System (Price).
How to hire?
The Caixa Econômica Federal loan secured by real estate can be taken out at the bank's branches and Caixa Aqui Correspondents.
Additionally, if preferred, the customer can also run the simulation directly on the website. Box, where you can compare interest rates and loan conditions.
It's worth noting that the bank will reduce the fees it charges individuals for land and building purchases. This decision took into account the interest in new housing types due to the pandemic's social isolation.
Real estate sector celebrates new Caixa loan modality
The news of a new line of credit from Caixa Econômica Federal was already expected for a few days:
"The new conditions aim to make the product more attractive to customers. It's an excellent opportunity for families to make investments or adjust their short-term debt, which carries higher interest rates," says Pedro Guimarães.
According to Secovi-Rio vice president Leonardo Schneider, the announcement of this modality is positive for the real estate sector.
"It will be good overall, as there are many properties financed by Caixa. It will become popular, and thus there will be movement in the market and the economy." he says. Source: O Dia
