If the conversion is not carried out, the debt will increase. (Moisés Pablo Nava @Cuartoscuro).
The Institute of the National Housing Fund for Workers (Infonavit) reported through an official statement that beneficiaries who obtained an Infonavit Credit before 2016 may have their debt denominated in Times Minimum Wage (VSM).
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In this sense, it is necessary that they make an adjustment to avoid increases in the amount of their debt and the corresponding payments. The institute assures that this modification process is simple and seeks to protect the economy of workers against variations in the minimum wage.
To avoid the increase in the monthly payments and the balance of the debt of the credits originally denominated in Times Minimum Wage (VSM), it is necessary to convert them into pesos. Given this, Infonavit shared a series of benefits that beneficiaries can obtain by changing the payment format of their loans:
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– Certainty about the monthly payment and when the mortgage loan will be paid.
– No more annual adjustments linked to the increase in the minimum wage or the Measurement and Update Unit (UMA).
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– Fixed interest rate, from 1.0 percent to 10.45 percent, depending on monthly income.
– The employer’s contribution will be paid directly to the debt capital.
The procedure can be done online (photo: @Infonavit/X)
Beneficiaries who wish to know if their credit qualifies to make the change will have to follow the following procedure from the official portal “My Infonavit Account”:
– Choose the “My credit” tab and then “Shared Responsibility”.
– Enter the state and zip code of the home.
– Review and compare the different conversion options offered by the program.
– Confirm the procedure and save the Welcome Letter along with the Letter Amending Financial Conditions, with the amount of the new monthly payment.
The institute established December 31, 2023 as the deadline for borrowers to carry out the change of their Minimum Wage Times (VSM) credits to pesos, which means that they have a few days to make this modification.
It should be noted that, if this adjustment is not made before the beginning of January 2024, people will face an increase in the amount of their debt and in its monthly payment.
Finally, Infonavit emphasizes that those beneficiaries who have not registered in My Infonavit Account have the possibility of doing so at any time. To do this, they must enter essential data such as their Unique Population Registry Code (CURP), Federal Taxpayer Registry (RFC) and Social Security Number (NSS).
The deadline is December 31, 2023 Infonavit. _(Photo: Jovani Pérez)
It is important that, to successfully complete the registration, users provide a telephone number and an email address for contact, specifying that the latter must not correspond to the one provided by their workplace.
Workers who have Infonavit have the possibility of accessing the resources they have accumulated in their Housing Subaccount. This withdrawal is an exclusive option for people who have received a Pension Resolution from the Mexican Social Security Institute (IMSS).
With the presentation of this official document, pensioners can use their savings, exercising a right that is part of the pension benefits. The document will be admitted by the National Fund Institute if it is issued due to old age or unemployment at an advanced age; disability or disability, total or partial equal to or greater than 50%.
Likewise, depending on the dates on which the employee has contributed to the IMSS and Infonavit, the resources can be received in one, two or three concepts. It is important to mention that the withdrawal of resources is carried out considering the regulations of the Social Security Law regime in which the worker is located, this is determined according to the date on which he began to contribute to the IMSS, which may be Law 73. or Law 97.
2023-12-30 00:40:45
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