This week, Caixa Econômica Federal (CEF) announced the end of the measure that pauses mortgage payments. From now on, the bank will allow the resumption of installments, but partially, with discounts of up to 50%.
In March, Caixa, due to the economic crisis caused by the new coronavirus pandemic, totally suspended the payment of the real estate financing. The measure was extended three times, totaling a total of 180 days of suspension.
However, now, the bank will no longer provide a complete suspension of the benefit. The institution will adopt the possibility of partial payment of installments, in two lines of credit:
- 25% discount for six months
- 50% discount for three months
The bank points out that each customer’s case needs to be analyzed separately to provide the discount.
Caixa will reduce, from October 22, the interest for those who adopt the new financing of the Brazilian Savings and Loan System (SBPE). The percentage will be up to 5%. The system will grant more than R $ 14 billion in real estate credit.
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Caixa announced new interest rate reduction for home financing
A Caixa Econômica Federal (CEF) confirmed that it will reduce the percentage of fees charged on financing own house. Now, in the financing with SBPE resources, the line indexed by the Reference Rate will have a minimum rate of TR + 6.25% and a maximum rate of TR + 8% per year, down by 0.5 percentage point.
In addition, the bank confirmed the increase in the grace period for the purchase of new properties and the option of partial installment payments for up to six months.
In October, the bank reached the historic mark of R $ 500 billion in housing loans. According to information from Caixa, the measures take place to stimulate the sector and help to alleviate the economic impact caused by the pandemic.
According to information from Caixa, the balance of the bank’s housing loan portfolio has grown 13.4% since January 2019, when it totaled R $ 441 billion.
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