2023-12-05 02:51:25
Written in ECONOMY on 12/4/2023 · 6:32 p.m.
We know that one of people’s greatest desires is to have their own home and, in Mexico, a significant number of them have the possibility of fulfilling it through the Institute of National Housing Fund for Workers (Infonavit), which has a wide variety of credits to buy, remodel and even build a home or property, but did you know that you can also request a cash loan? Here we tell you how.
Data from the National Institute of Statistics and Geography (Inegi) reveal that, in Mexico, there are 35.3 million homes; 70 percent of people own their home or are even paying for it. It should be noted that there are 16 percent of Mexicans who live in rented houses or apartments.
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How to request a cash loan at Infonavit?
Among the services offered by the Infonavit is found Mejoravita financing system that provides a small cash loan for people to carry out repairs in their homes, as well as various improvements, through Mejoravit Repairs y Mejoravit Renews. To request them, keep the following in mind:
Be entitled with a current employment relationship. Be registered in an Afore. Authorize the inquiry to the credit bureau. Not having a current credit with Infonavit. It is important that the home is in your name, although it can also be that of your spouse or partner, children, siblings, parents, grandparents or in-laws. You must live in the home to which you will make repairs.
How much is the maximum you can request for a cash loan at Infonavit?
Loans range from $9,461 pesos to $37,844 pesos. You should not exceed 90 percent of the amount you have in your Housing Subaccount. Consider that the annual interest rate is 10 percent and you can repay the loan in one to five years.
Loans can be up to $149,485 pesos. Likewise, you should not exceed 90 percent of the amount in the Housing Subaccount. The annual interest rate for this modality is 11 percent.
Infonavit
If you are thinking of remodeling your home and your budget is very limited, Infonavit puts at your disposal a cash loan to achieve your purpose. Enter to this link to check all the details and make your request.
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