Infonavit extends credit options

The Institute of the National Housing Fund for Workers (Infonavit) expands the options and makes the requirements more flexible for the Tlaxcalan worker in the private initiative to acquire a house or improve the existing one.

Practically, The available alternatives are to buy new or existing housing, purchase of land, construction, improvement, expansion, home repair and payment of a loan. bank mortgage.

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The basic requirements to access the credit are that the worker is contributing to Infonavit and the Mexican Social Security Institute, to have a current employment relationship, to be registered with a Retirement Fund Administrator; have updated biometric data records; Authorize the inquiry to the credit bureau.

The representative of the General Directorate of Infonavit in Tlaxcala, Vicente Corral Lastra, explained that in the prequalification to acquire a home the worker must have 1,080 points for men and 1,060 for women.specify your age, savings in the Housing Subaccount, the salary you earn, contribution time, location of your workplace, your line of business and behavior.

He reported that The loan is 90% of what is in the Housing Subaccount, in addition the interested party can receive advice at the Service Center located at 56 Revolución Boulevard, in the state capital.

More information:➡️ Infonavit facilitates the purchase of land; asks for a lower score than a home loan

After invited the worker to generate a profile in My Infonavit Accountto consult existing products and savings from the Housing Subaccount.

TO REMODE

In cases where a worker is interested in remodeling their home, Mejoravit is available, with Repair and Renew.are used to buy construction materials, products and tools that help with the modification.

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The construction materials, products, tools, appliances and utensils purchased must be applied to the repair or remodeling of any section of the house in poor condition.such as ceilings, floors, doors, windows, among others.

Through Mejoravit Repara, the credit ranges from nine thousand 461 pesos to 37 thousand 844 pesos; the fixed annual interest rate is 10%; The term to pay the loan is from one to five years.

With Mejoravit Renueva, the loan is from 37,844 pesos to 149,485 pesos; the fixed annual interest rate is 11%; The term to pay the loan is from one to 10 years.

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These modalities provide two debit cards, the first contains 80% of the total financing amount, to buy what you need at affiliated businesses. The second card has 20% of the resource to pay for labor.

Vicente Corral clarified that the worker can pay the loan as soon as possible if he wishes.or, pay in comfortable monthly installments for one to five years and do not require prequalification.

THE BENEFITS OF CONSTRUYO CREDIT

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The Construyo credit is recommended to expand, remodel the home and build on one’s own land, making repairs that do not affect the structure.

It works in three modes: for remodeling, minor repairs, as well as construction with technical advice from a construction company previously registered with Infonavit.

The loan is from 90 thousand to 500 thousand pesos. The payment term is from one to 10 years.

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SUBSEQUENT CREDITS

In the event that a worker has already exercised his mortgage loan twice, he now has the option of Subsequent Credits, with an interest rate of 3.09 to 10.45%depending on income level.

The requirements are to have finished paying the previous loan, not have penalties on the previous financing, have a balance in the Housing Subaccount, the minimum amount will depend on the type of subsequent credit.

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They can do whatever they want with the credit and as many times as they need it, there are no longer any locks. For example, with a third loan they can buy landsaid Corral Lastre.

CREDITS RELEASED FOR PURCHASE OF LAND

The representative of the General Directorate of Infonavit in Tlaxcala, Vicente Corral, reported that from January to October of the current year they released 93 credits with Crediterreno for the same number of workers.

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“It was a historic request from many workers to be able to extend the land as a part of the home, before it was not seen that way, but the current administration does recognize it this way, in the spirit of being able to recognize that the workers have to do with their savings. whatever they want. The money they save every two months is theirs.”

Those who benefited from Crediterreno met the requirements of having 980 points, coupled with the fact that Tlaxcala, Chiapas and Tabasco are among the favored states. with bonus points for women and men.

Besides, the land must have a registered property deed; be up to date with the cadastral registry, have the basic services of electricity, drainage and drinking water, be located in an urban area to have educational satisfiers nearbyshops with essential products, schools and medical services.

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• It was in the last quarter of 2022 that the Institute launched the Infonavit credit product.

THE IMPORTANCE OF MEETING THE REQUIREMENTS

In each financing option, the worker must meet the eligibility criteria and requirements, the age plus the term of the credit cannot be greater than 70 years for men and 75 for women.

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The maximum Infonavit credit discount may not be greater than 20% of the monthly salary; or 30% if the income is higher.

To request the first credit or a subsequent one, the worker must enter micuenta.infonavit.org.mx and select the credit option that best suits the needs.

• Service Center, Monday to Friday from 8:30 a.m. to 2:30 p.m., Monday to Friday infonavitfacil.mx.