Clipping of news on Brazilian Culture, Law and Citizenship
03/07/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Measure applies to loan on the property is the guarantee of operation
By Juliana Americo Lourenço da Silva
SAO PAULO - The Bank of Brazil cut interest rates Credit Property Equity, from 1.45% per month to 1.20% per month, a total decline of 17.24%.
The facility is designed to account holders who have residential properties and make loans where the property is the guarantee.
In addition to interest, the financial institution also reduced the minimum income of R$ 6000 to R$ 4000. The loan amount can vary between R$$ 20 thousand and R$ 5 million, and the maximum value of the transaction is up to 60% of the assessed value of the property.
Value of the current portfolio is R$ 717.4 million (Getty Images)
The operation has a grace period of 89 days, the maximum period of 180 months and there is no need for a guarantor for the loan.
perspectives
The bank expects to double its portfolio throughout 2013, whose current balance is R$ 717.4 million.
Source: Infomoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.