The Board of Directors of the National Workers Housing Fund Institute (Infonavit) approved the raising of the maximum age to apply for a loan, from 65 to 70 years.
This measurement is important because the monthly fees it will be more convenient, the maximum amount of credit will increase by an average of 180,000 pesos and two hundred thousand people over 60 already have 1,080 points to apply for a loan. credit.
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These credits They can also be used to buy a new or existing house, land, make home improvements, or build on your own land.
The approved setting will not affect financial conditions of the current credits nor the origin models and business rules of each financing alternative at the Institute.
People who have started the credit procedure and want the new age conditions plus the payment term of up to 70 years, must cancel the procedure and re-register financing.
The increased age to apply for a loan it is the most recent measure implemented by the institute to facilitate and make access more flexible credit to several people, in line with the al Infonavit Law approved in December 2020.
It is worth mentioning that this measure will come into effect from November 22, 2022 and can be requested at micuenta.infonavit.org.mx, so you need to be registered to run the process.
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Infonavite is a social security institution of the Mexican state whose goal is to grant cheap and sufficient credit so that workers can access place of life and build an estate. From its creation in 1972 to today, Infonavite has awarded more than 12 million credits.
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