Home improvement credit is the solution to renovate and decorate your home

Advertisements

With the renovation credit you have the opportunity to leave your home as you always dreamed of!

Some people take out loans to travel, pay off debts or invest in studies, for example.

However, there are also those that request a credit for renovation in order to make your dream of renovating your home come true and making it more beautiful, sophisticated and cozy.

In today's text you will find out where to apply for this credit and other details about this financial product. Don't miss it!

See the post index below:

What is home improvement credit?

It is a financial product that can be contracted in a contracting model. financing, loan or credit card.

Its main characteristic is that the money already has a defined destination: home renovation. This can include decoration, and in some situations, construction as well.

Depending on the institution where you make the request, you can hire a flexible service with excellent payment conditions and interest rates.

This is because you can use the property itself as collateral, in which case the interest rates are reduced.

In other words, you can make your dream of owning a beautiful home come true, but with installments that fit your budget and without paying abusive interest.

Below you will find out where to get the credit for renovation and make your dream of renovating your property come true.

How Caixa's renovation credit works

Caixa Econômica Federal has an exclusive financing model for those who want to upgrade the interior of their property, it is the Construcard card.

With it, customers have a credit available to renovate or decorate your home, and only start paying 2 to 6 months after the amount becomes available.

This first phase is called “utilization”, as the user can use his available credit limit to renovate his home, without having to worry about payment. He only pays the interest.

The second stage is called “amortization”, that is, where it is necessary to pay off the debt. The installment discounts are made via automatic debit and only begin when the term of use ends.

One of the main features of this line of credit is the guarantee. That's right! You will need to leave some asset as a guarantee of payment.

To release the credit for renovation, Caixa accepts, for example:

One of the great advantages of this guarantee, as already mentioned, is that it is possible to obtain interest rates smaller and better payment conditions.

Furthermore, the credit to renew your home is approved more easily.

With the Caixa Econômica Federal home improvement card, you can pay for your purchases in up to 240 installments. 

Plenty of time to organize your finances and not weigh on your family finances. In addition, interest rates start at 2.5% per month.

What can I buy with my Construcard?

This card was created exclusively for those who want to buy construction and renovation materials, so you can buy:

You can also buy items that will improve your family's quality of life, for example, swimming pools, custom furniture and solar generation systems.

You will certainly be able to completely renovate your home with this financing!

Where to use?

The card can only be used at the bank's accredited partners, however, there are more than 85 thousand spread throughout Brazil. It's impossible not to find one near you.

The full list of stores that accept credit for renovation from Caixa are on the bank's website.

Other than that, you can go to the construction material store where you want to make your purchases and ask if they accept Construcard.

How do I apply for a Caixa renovation card?

If you want to increase your credit and use it to renovate your home, go to a Caixa branch with the following documents:

If the credit analysis is approved and everything is correct with the guarantee documentation, the card can be issued immediately.

In other words, you can leave the branch and start planning the transformation of your home. The card can only be unlocked the day after signing the contract.

Node Caixa website It is possible to carry out a simulation to better understand how the interest rates and fees for this service work.

Who can apply?

First of all, you must be over 18 or emancipated. Other than that, this type of credit can only be requested by bank account holders.

To receive your card, you will need to go through a credit analysis, so some questions can make this process easier.

We can highlight: clean name, good credit score, good relationship with the bank, use of credit services correctly, etc.

Is it worth taking out a renovation loan?

Renovation credit is ideal for those who want to renovate or decorate their home, but are currently short of cash.

Because it is a secured financing option, it is a good alternative. This is because the payment and contracting conditions are better.

Also, the payment method is as in consigned, discounted directly from the account, so you don't run the risk of forgetting or delaying installments and ending up paying interest for late payment.

However, it is necessary to carry out financial planning before defining the appropriate value and number of installments.

Consider the renovation priorities and the family's financial situation; it will certainly be easier to choose the best option.

 Conclusion

As you can see, the credit for renovation It is a solution for those who want to renovate their home, but are on a tight budget.

In fact, there are other institutions where you can apply for credit and invest in renovating your property.

To learn more about options, keep following ConsultaCred news, as we are always posting news about the main financial services and products on the market.

By: Nara updated ago 1 year back