New modality, called loan with cashier guarantee, accepts both paid urban properties and those still in financing with Caixa itself
Customers of Which have active real estate financing now have the opportunity to use their properties as warranty to obtain credit. The new modality, called loan with cashier guarantee, accepts both paid urban properties and those still in financing with Caixa itself. Interest rates start at 1.32% per month, allowing customers to request loans of up to 60% of the property’s evaluation value. Hiring and simulations can be performed at both the bank’s physical agencies and digital platforms. This home equity option is ideal for those seeking access to higher values and longer deadlines, maintaining the possibility of inhabiting the property during the loan period.
Currently, Caixa Econômica Federal has approximately R $ 6.7 billion in active contracts in this modality, covering about 54 thousand contracts and holding 25% of the market. The new authorization also allows property that is in financing be used as a guarantee for more than one loan, allowing customers who have already paid off part of the debt to take advantage of the remaining amount. The deadlines for the new credit line vary and can reach up to 240 months for conventional operations. For those who choose the extended disposal of active financing contracts, the deadline may extend up to 360 months, always respecting the original deadline of financing.
Posted by Sarah Paula
*Report produced with the aid of AI
