Clipping of news on Brazilian Culture, Law and Citizenship
15/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
New rates will apply to loans obtained from this Tuesday.
For customers with regard to wages, rates will be reduced from 8.9% to 8.4%.
The Federal Savings Bank announced on Tuesday (15) that reduced their interest rates for the purchase of property over R$ 500 thousand, outside, so the Housing Financial System (SFH), in which resources can be used FGTS (Guarantee Fund for Time of Service). The new rates will apply to the loans obtained from this Tuesday.
For customers who do not have relationships and current account at the bank, the effective interest rates were reduced from 9.9% to 9.4% per year. For customers who have salary account relationship and the Box, the rates will be reduced from 8.9% to 8.4% per year.
In the case of civil servants, interest rates could reach 8.3% per year, according to box. "The economy for a loan of R$ 600,000, for example, may be around £ 43,300 in 30 years," the bank said in a statement.
"This time, we will extend the options also to the public middle and high income," said Vice President of Housing and Government Housing, José Urbano Duarte.
Last year, the bank had cut rates for properties classified in SFH.
"CEF has reduced interest rates on home loans up to 21% for properties classified in SFH. Operations with features of savings, the bank increased the financing term of 30 to 35 years," the statement said.
The CEF reminds that on December 21, 2012, reached a volume of R$ 101 billion in mortgage signings. The volume represents an increase of 33.8% over the same period last year, when it made R$ 75.4 billion in contracts.
For current rules, only properties worth up to R$ 500,000 can be financed within the rules of the Housing Financial System (SFH), which allowed the looting FGTS to pay the mortgage.
In December, the President of the Board of Trustees FGTS, the Special Adviser to the Ministry of Labour Luiz Fernando Emediato said, however, that the budget FGTS has the capacity to finance higher value properties and bear an increase to R$ 750,000 . He noted, however, that decision lies with the National Monetary Council (CMN), formed by ministers of Finance, Guido Mantega, Planning, Miriam Belchior, and the central bank president, Alexandre Tombini.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.