Caixa’s mortgage loan rates will be reduced; see who will benefit

A Federal Savings Bank announced that it will reduce the interest rate on real estate financing contracted through savings accounts. The bank is once again going against the market when other institutions are raising their percentages.

Currently, Caixa’s rate for this type of financing is 3.95%. With the reduction, 0.4 percentage points will be discounted. This way, the rate will be reset to 2.95%, probably from the 18th of October.

According to the president of the institution, Pedro Guimarães, the reduction in the interest rate had already been implemented. However, it was only applied in one of the financing modalities offered by the bank, which was the one with the lowest risk for the institution.

While Caixa reduces its interest, another bank such as Itaú, for example, raised this Wednesday (15) the interest rate of the traditional modality of real estate credit, from 7.30% per year plus TR to 8.30% per year plus TR.

The increase in interest also happened at Santander. Earlier this month, the institution raised its traditional mortgage loan rate. At the time, the rate that was 7.99% per year + TR changed to 8.99% per year plus TR.

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Banco do Brasil also adopted the action. Recently the institution raised the interest rate of the same modality to 6.85% per year plus TR. Previously, a rate starting at 6.39% + TR was charged.

Unchanged Financing

A Box it managed to maintain the interest rate on other financing, such as the traditional line, indexed to the reference rate and the modalities corrected for inflation and with fixed interest, amid the rise in the Selic and the price index.

The bank, which is already the market leader, offers real estate financing that grants a period of up to 35 years to repay the debt and a 6-month grace period to start payments. The institution pays 100% of the value of the property repossessed in case of default.

See also: Caixa Tem will release loans and credit card; Look

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