Infonavit and the bank offer cofinavit credit for you to buy your house

2023-04-18 19:43:12

These are two financings: one granted by Infonavit and the other granted by a bank, the institute explained in a statement.

There is also the possibility of applying for the loan with your spouse to obtain greater financing, as long as the other person is also listed on Infonavit, the institute highlighted.

The characteristics of Cofinavit are:

• Infonavit lends you up to one million 024 thousand pesos, depending on your ability to pay.
• The bank of your choice lends you an additional amount, under its terms and conditions and depending on your credit profile.
• The interest rate of the credit that Infonavit gives you is fixed at 10.45% per year on unpaid balances, for all salary levels.
• The sum of your age plus the financing term must not exceed 70 years.
• Employer contributions are paid to the capital, so you can settle your credit in less time. Once the Infonavit credit has been settled, subsequent contributions are used to pay the credit granted by the Financial Entity.
• In addition to life and unemployment insurance, the home you purchase will have damage insurance for the proportional part financed by the Institute, while the bank of your choice can do the same with the remaining part.

The requirements to access a confinanced loan are:

• Have a current formal job and quote for Infonavit.
• Have the necessary points to process your credit with the Institute.
• Obtain credit approval from the financial institution of your choice.
• Sign the irrevocable instruction letter.
• Have an electronic appraisal and technical opinion on the quality of the home you are going to acquire (no more than 6 months).
• Copy of the property title.
• Not having previously had an Infonavit credit.
• Take the online course “Know more to decide better”, in My Infonavit Account