Advertisements
A home equity loan is a type of credit that uses the applicant's property as collateral for payment. This option is an alternative for those who need a higher amount and cannot afford the installments if they are unable to pay.
Caixa Econômica Federal offers home equity loans to individuals and businesses. The maximum loan amount is 60% of the property value, with rates starting at 1,39% per month.
Values and rates
The maximum loan amount secured by a property from Caixa is 60% of the property's value. Interest rates vary according to the client's profile and the loan term.
For individuals, rates start at 1.39% per month. For legal entities, rates start at 1.79% per month.
Deadlines
The term of a Caixa property-secured loan varies from 1 to 15 years (180 months).
Requirements
To apply for a Caixa property-secured loan, the customer must meet the following requirements:
- Be over 18 years old;
- Have proven monthly income;
- Own a property that has been paid off or has financing up to date;
- Have no restrictions on the name.
Documents
To apply for a Caixa property-secured loan, the customer must present the following documents:
- ID and CPF;
- Proof of income;
- Certificate of property clearance;
- Certificate of no debts with the IPTU and condominium.
How to apply
A Caixa property-secured loan can be requested in person at a Caixa branch or digitally. on the website or in the Caixa app.
To apply for a loan in person, the customer must go to a Caixa branch with the necessary documents.
To apply for the loan digitally, the customer must do a simulation on the website or in the Caixa app. After approval, the customer must sign the contract digitally.
Advantages
Caixa's property-secured loan offers the following advantages:
- Higher value than personal loan;
- Lower interest rates than personal loans;
- Longer payment term.
Disadvantages
Caixa's property-secured loan has the following disadvantages:
- The property remains alienated to the bank until the loan is fully paid;
- In case of default, the bank can seize the property.
Conclusion
THE loan secured by property from Caixa It is an option for those who need a higher amount and cannot afford the installments if they are unable to pay. It is important to compare offers from different banks before applying for the loan.
