Infonavit Implements New Rules Allowing Multiple Loans for Beneficiaries

With the new rules that have been implemented in Infonavit, beneficiaries can now obtain a second or even third credit to use for whatever they want.

Fernando Hernández Ozuna, Infonavit delegate, pointed out that previously, you could only take out two loans from Infonavit and whoever took out the second loan was only buying a home.

With the new rules, the second loan that an Infonavit beneficiary wants to obtain can be used to buy a home, to improve the one they have, to buy land, “it can be used for whatever they want,” he commented.

“The subsequent credit figure was born and now it is Infonavit that finances this credit and when it is paid, they can obtain a third or even a fourth”said Hernández Ozuna.

In addition, among the requirements is that you only enter prequalification and the credit is granted according to the account balance of the home you have and having paid the previous one.

The majority of loans are usually for 30 years, nowadays with the employer contribution reduces the deadline by up to 40 or 50 percent of the time, when the contribution goes to capital.