Santander Real Estate Financing – Apply Now

Santander real estate financing is an excellent alternative for those who want to realize their dream of owning their own home.

Thus, among the advantages, we can mention the possibility of using the FGTS and having fixed installments with the PRICE Amortization System.

In other words, the amount paid in interest decreases and the amount paid in amortization increases, without the installment value changing.

But, this is just one of the options because you can also opt for the upgradable installments with the Constant Amortization System (SAC).

This means you won't have any unpleasant surprises as time goes by.

Continue and find out more information.

Benefits of Santander Real Estate Financing

First of all, know that the bank offers you the opportunity to pay for a property in installments over up to 35 years, as long as it is residential.

In this case, finance up to 80% of the property.

But, in the case of commercial property, finance up to 70% in up to 30 years.

Furthermore, the credit analysis is done immediately; you just need to run the simulation.

According to the website, Santander is the only bank that works so quickly in the analysis.

Another interesting point is the personalized service, as you have professionals who will help you through every step of the Santander mortgage financing process.

Regarding the use of FGTS, understand that it is possible to do so as long as you respect the rules published in the current FGTS manual.

For example, you can purchase a new or used residential property, as long as it is valued at up to R$1.5 million.

On the other hand, be aware that the bank also allows you to finance notary fees and ITBI, with the corresponding credit released into your account after signing the contract.

This way, you can share income with anyone, whether family or not.

Fees and interest rates

In addition to notary fees (contract registration and certificates), Santander Real Estate Financing has some fees, such as:

• MIP (death and permanent disability) and DFI (physical damage to property) insurance, mandatory according to the rules of the Housing Finance System;
• Administrative service fees for operations within the scope of the SFH;
• ITBI – tax on property transfers, the amount of which varies depending on the state in which you live;
• Guarantee assessment fee of up to R$1850 (purchase of residential property) and R$3300 (commercial property).

Regarding the interest rates for Santander Real Estate Financing, they are 10.99% per year + TR.

Therefore, note that the mortgage loan rate is made up of the interest rate in effect at the time of contracting, plus the reference rate that is updated daily and published by the Central Bank.

There is the following example on the website to give you a basis:

In a financing of R$300 thousand for the purchase of a property worth R$500 thousand, the initial installment with bonus is R$ 3,460.21 for a client aged 40.

In this case, the term is 35 years and the total effective cost is 11.73% per year.

How to apply for Santander real estate financing?

Access the website and fill in your details and the property's details to run the simulation.

Once you agree to the conditions presented, request a credit analysis.

Then, register the proposal information and send the requested documents so that the bank can perform a technical analysis of your documents and the property.

Finally, with a positive response, visit a physical branch to sign the contract and see the amount released to the seller after submitting the registered contract and updated registration to Santander.

Also, know that you can track the status of your credit at this link.

Common questions

How do I know how much I will pay monthly? by Santander Real Estate Financing?

Run the simulation because it provides an estimate of the composition of the installments that will be paid according to the data provided.

As to accompany the hiring steps?

Access the “track your proposal” page on the bank's website to check all the information.

I can amortize the installments?

Yes! To do this, access the customer portal.

What is it rate interest bonus?

A benefit offered by the bank that grants a reduced rate for calculating the first 12 installments of Santander real estate financing, in the form of upgradable installments.

Therefore, it can be extended every 6 months, depending on compliance with relationship conditions.

However, conditions vary depending on your income profile.

For example, the salaried professional must receive the salary or transfer the salary to a current account at Santander.

In addition, you must remain up to date with your monthly Santander Real Estate Financing installments, on the due date, through automatic debit from your current account.

Finally, you must have at least one of the following products or services contracted with the bank:

• Personal accident insurance, home insurance or life insurance;
• Be a Santander credit card holder and make at least one purchase per statement.

In the case of self-employed worker or liberal professional, it is also important to remain in good standing and be a cardholder at the bank.

Additionally, you must have one of the following products contracted:

• Personal accident insurance, home insurance or life insurance;
• Capitalization title.