2023-11-23 20:09:24
Thanks to the continuous requests of SECB, the EMPLOYEE LOANS monitoring committee was convened on September 28:
THANKS TO SECB, WE HAVE
Union sheet 07/05/2023 EMPLOYEE LOANS SHALL WE TALK?
Letter addressed to the company and the rest of the unions on 05/05/2023 demanding urgent solutions:
At SECB we have been requesting, for many months now, improvements that contribute to alleviating the harsh increases in interest rates that are affecting the family finances of CaixaBank staff due to the conditions of our indebtedness as employees.
Given the problems we are having in the financing lines and the needs demanded by the employees of our Entity, hereby at SECB we request, once again, urgent measures from the company to improve the conditions of the different lines of financing. financing for employees that minimize the high economic cost that currently exists and, of course, that these measures be agreed with the RLT.
Below we inform you in detail of the conditions achieved:
LOANS ON EMPLOYEE CONDITIONS
SCOPE OF APPLICATION AND DURATION
The temporal application of a type of Maximum Bonus Interest (IBM) is established
WHEN
Between January 1 and until December 31, 2024regardless of the moment in which each loan undergoes its interest rate review.
It can be expandedif applicable, as long as there is an agreement between the parties, for a period of twelve additional months.
It will not mean automatic extension.
WHO
Active template at CaixaBank, In a situation of unpaid leave or leave with maintenance of the financial conditions of loans for active employees
People who have terminated their employment relationship and maintain the conditions by express agreement as an employee on your loans.
THAT
Loans for the acquisition or improvement of housing formalized or novated to the conditions established in the Labor Loan Agreement February 12, 2020 while employee conditions apply.
EXCLUSIONS
They remain expressly excluded of the scope of this agreement payroll advances, as well as loans various attentions defined within the aforementioned Labor Agreement.
Maximum bonus interest type: IBM
IBM 1,50%
Housing Acquisition
Tranche 1 of Loan A
Home Improvement Loan
They will not be affected for this IBM loans mapped as Tranche 1 of loan A that have not taken advantage of the option to reconvert their conditions to those established for Tranche 1 of Loan A in the Labor Loan Agreement.
IBM 2,00 %
Rest of home acquisition or improvement loans regulated in the Labor Loan Agreement
Tranche 2 of Loan A
Additional Loan A
Modality B, in its two Sections
Additional Loans B
Said IBM Of 2% will also apply to mapped loans as any of the home acquisition or improvement loans regulated in the Labor Loan Agreement The aforementioned loans mapped in this paragraph are listed in Annex 1.
The conjunctural measure of IBM will be applied within a period not exceeding 6 months from the date of signing this agreement and, in any case, will have the retroactive effects that correspond in each case.
FORMALIZATION
The application of this measure will be carried out automatically by the Entity, agreeing the parties that neither a new loan contract nor a modifying novation is formalized of the existing loan.
IMPROVEMENTS IN THE FIXED EASY HOUSE COMMERCIAL OFFER
Improvements are established in the Commercial Offer for the purpose of home acquisition Fixed Easy Home Loan that CaixaBank offers to working people:
New loans
Reconversion of loans already constituted
The scope of the commercial offer is expanded.
Consequently, the Entity will adjust the currently current Easy Fixed Home Offer to the following guidelines:
SCOPE OF APPLICATION AND DURATION
VALIDITY (new constitution and reconversion)
Until December 31, 2024
WHO
Active template at CaixaBank, In a situation of unpaid leave or leave with maintenance of the financial conditions of loans for active employees
LIMITATIONS
There will be no maximum limit on the number of operations Casa Easy Fixed financing to establish or reconvert, as long as the total debt of the worker does not exceed 40% of the net income, and the resulting operation is within the limits and risk criteria in force in the Entity.
In those cases where there is more than one owner, with will charge at least 50% of the contribution to the worker.
The mere excess of the 40% limit will not be a reason for denial, provided that said excess is a direct and exclusive consequence of the increase due to the increase in the interest rate.
Once the operation is formalized under client conditions, it will not be possible to request reconversion to the conditions of the Labor Loan Agreement.
It will be necessary to jointly and simultaneously reconvert all the loans that encumber the home, formalized on the same date and with the same guarantee.
Fixed Easy Home Interest Rate
Once the loan is established, the fixed interest that is determined for the operation at the time the request is made, remain unchanged throughout his life, Its reversion to the original loan is not possible.
The applicable interest rate may only be modified depending on the bonuses that apply at any given time.
Interest Rate 2.90%
Until December 31, 2023
A quarterly review is scheduled for January 2024 to adapt, where appropriate, the interest rate offer.
REVIEW APPLICABLE TYPES
It will be reviewed by the Entity quarterly according to the evolution of prices fixed rate established by CaixaBank at all times for its high-value clients.
In addition, can be reviewed the interest rate with character monthly based on volatility of market rates.
BONUSES
The indicated price is the result of applying the following bonuses:
Payroll bonus at CaixaBank: 0,5%.
SEVIAM bonus: 0.5%. SEVIAM must insure at least 50% of the outstanding capital at all times in the event of death, with CaixaBank, SA being the main beneficiary and the insurance being used to amortize the outstanding capital.
The improvements established relating to the Fixed Fixed House and Mixed Easy House 5 will come into force on the date on which their technical implementation is possible which, in any case, will be within a maximum period of 6 months from the date of signing this agreement.
AMOUNT, TERM AND EXPENSES
AMOUNT TO FINANCE
HABITUAL HOUSING:
90% of the guarantee value (lowest amount between the updated appraisal value and the purchase and sale price) for transactions of new constitution or reconversion.
NON-USUAL HOUSING:
80% of the value of the previous reference.
AMORTIZATION TERM
CONVERSIONS: Maximum amortization period will be pending term of the operation to be reconvertedwith a maximum of 30 yearshaving as limit in any case the 80 years of age of the oldest of the loan holders.
NEW CONSTITUTIONS:
Habitual residence for own use: Term maximum of 30 years
Rest of homes use own: Term maximum of 20 years
Having as limit in any case 80 years of age of the oldest of the loan holders Fixed Easy House.
When the 30% of the repayment period of the operation takes place in a age over 67 years, a correction factor is applied on your income (benefit rate) 20% (haircut).
BILLS
In charge of the Entity.
Notwithstanding the above, the The cost of the appraisal is assumed in the first instance by the worker. y If the operation ends up being formalized, the Entity will refund said cost to the working person.
Housing rental
RECONVERSION
They may be rented as long as the total outstanding debt is less than 80% of the value of the home (the lower amount between the updated appraisal or the purchase and sale price).
NEW CONSTITUTION
Original purpose of acquisition of the habitual residence: They can be rented as long as the total outstanding debt is less than 80% of the value of the home.
Original purpose acquisition of other homes for own and non-habitual use: They can be rented as long as the total outstanding debt is less than 70%of the value of the home.
For these purposes, the value of the home will be considered the lower of the updated appraisal and the purchase price if less than one year has passed since its constitution; otherwise, the value of the updated appraisal will be considered.
COMMERCIAL OFFER MIXED EASY HOUSE 5
It incorporates a new Commercial Offer Easy Mixed Home Loan 5 that CaixaBank offers to working people who are part of the active templateso much for new loans and for reconversion of loans already constituted, both with the purpose of home acquisition.
The same conditions established in the previous section for the Commercial Offer Home Easy Fixed except for the interest rate.
Mixed Easy House Interest Rate 5
Once the loan is established, the fixed interest that is determined for the operation at the time the request is made, remain unchanged throughout his life, Its reversion to the original loan is not possible.
The applicable interest rate may only be modified depending on the bonuses that apply at any given time.
Interest Rate
Until December 31, 2023:
5-YEAR FIXED SECTION: 2.35%
FROM THE FIFTH YEAR: Euribor + 0.45%
(once the bonuses have been applied to both)
A quarterly review is scheduled for January 2024 to adapt, where appropriate, the interest rate offer.
In any case, the interest rate will be that which is applicable at the time of the entry into force of this new Offerwhich will be the date on which its technical implementation is possiblein any case, within a maximum period of 6 months from the date of signing this agreement.
REVIEW APPLICABLE TYPES
It will be reviewed by the Entity quarterly according to the evolution of prices fixed rate established by CaixaBank at all times for its high-value clients.
In addition, can be reviewed the interest rate with character monthly based on volatility of market rates.
BONUSES
The indicated price is the result of applying the following bonuses:
Payroll bonus at CaixaBank: 0,5%.
SEVIAM bonus: 0.5%. SEVIAM must insure at least 50% of the outstanding capital at all times in the event of death, with CaixaBank, SA being the main beneficiary and the insurance being used to amortize the outstanding capital.
The improvements established relating to the Fixed Fixed House and Mixed Easy House 5 will come into force on the date on which their technical implementation is possible which, in any case, will be within a maximum period of 6 months from the date of signing this agreement.
At SECB we do fulfill our commitments and we will go as far as necessary to defend the rights of EVERYONE
AFÍLIATE A SECB, YOUR TRUSTED UNION WE ARE HERE TO HELP YOU, WE JOIN WITH YOU
Begoña
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