The National Institute of the Workers’ Housing Fund (INFONAVIT), opened its window so that workers can process the conversion of their credit from Times Minimum Wages (VSM) to pesos, which represents a great advantage for them in paying for their homes.
The foregoing was reported by the delegate ofl INFONAVIT in Baja CaliforniaAna Lizeth Gómez, who points out that the Universal Shared Responsibility Window is open to carry out the procedures of this permanent program.
The federal official explained that among the benefits offered by this program is the elimination of annual adjustments linked to the increase in the minimum wage and the Measurement and Update Unit (UMA), which can cause the credit to increase year after year.
Fixed interest rates between 1.0% and 10.45%, depending on the monthly income of the borrower; balance and fixed monthly payments during the life of the credit; The employer’s contribution is paid directly to the principal amount of the debt, in the event that the borrower has a current employment relationship.
In this way, the borrowers who convert their VSM credit to pesos obtain the certainty of when they will finish paying their financing and exactly how much they will pay each month, said Ana Lizeth Gómez.
From 2019 to the end of 2022, the Institute benefited 966 thousand 365 people with the conversion of their credits, which represented discounts to the balance equivalent to more than 74 thousand 900 million pesos.
To convert their credit, borrowers must: Enter My Infonavit Account (micuenta.infonavit.org.mx); Choose the My Credit tab and then Shared Responsibility; Enter the state and zip code of the residence.
Review and compare the different conversion options offered by the program; Confirm the procedure and save the Welcome Letter with the amount of the new monthly payment.
To receive advice on the program or to know the details of its financing, the accredited must enter My Infonavit Account (micuenta.infonavit.org.mx), call Infonatel (800 008 3900) or go to your Infonavit Service Center (CESI) closest, from 8:30 a.m. to 2:30 p.m.
You can also review the following video to learn step by step how to convert your credit:
