Clipping of news on Brazilian Culture, Law and Citizenship
01/16/2015
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Increase comes not financing with FGTS or My Home, My Life.
Bank reported that change is due to increased base interest rate.
In the background, north of São Paulo view from the Pompeii area. (Photo: Ardilhes Moreira / G1)
The Federal Savings Bank said on Thursday (15) will raise interest rates in the mortgage from the 19th of this month. In the morning, the bank had informed through the press office, studying the correction of interest.
The high will apply to the funds borrowed from the 19th of January.
The box states that the interest rates on housing loans with resources of the My Home, My Life and FGTS not suffer any correction in interest rates.
From the 19th, will be recognized interest rates of operations to finance the housing contracted with savings deposits (SBPE). According to the box, the change will affect those with income over $ 5400, which does not use the housing loans with FGTS. Currently, there are a number of conditions for home financing with FGTS resources, among them are earning up to R$ 5400 and has no property with the same name or the same municipality.
Increase in Cash interest rate (Photo: editorship of art / G1)
The interest rate charged by the Housing Finance System (SFH), which finances properties up to R$ 750,000 with funds from both the FGTS as savings, remains at 9.15% for non-bank customer and undergoes change for anyone is client, including civil servants (see the table opposite).
Have the Real Estate Financing System (SFI), which finances properties worth more than R$ 750,000, the annual interest rate will rise from 9.2% to 11% for non-customers.
The money FGTS used in financing that will not suffer increased rate is not the worker who are having their property financed, but comes from the total amount deposited in the bank. Have the funds that are made with savings deposits suffer higher interest rates. In this case, the cash used in financing does not come from the worker's account, but the savings that are part of the Brazilian Savings and Loans (SBPE).
Box said the change is due to the increase in basic interest rate, which is currently 11.75%.
Interest Case for housing tend to be the smallest on the market and serve as reference for other banks.
The Box is a leading real estate finance segment, with a market share of close to 70%.
Average rate charged by banks is above 9%
The average interest rate for mortgages charged by private and public banks in the country are above 9%, according to latest Central Bank report on credit operations.
According to the BC, the average rate was 9.23% per year, in November 2014, compared to an average rate of 8.84% for the same month of 2013.
The average rates reported by banks can be found in the Central Bank's website.
Check out the following post-fixed interest rates charged by banks in November:
Within the SFH with regulated rates adjusted by TR (postfix)
Bank of Brazil - 6.1% per year
Federal Savings Bank - 7.32% per annum
Banco de Brasília - 7.89% per annum
Citibank - 8.13% per annum
Banestes Bank - 8.27% year
HSBC - 8.7% per year
Bradesco - 8.71% per annum
APE POPEX - 8.81% per annum
Bank of the Rio Grande do Sul State - 8.84% per annum
Santander - 8.89% per annum
Within the SFH, with fixed-regulated rates
Federal Savings Bank - 11.48%
Bank of Brazil - 12.1%
Santander - 12.31%
Source: G1
To access the G1 site, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.