Historical series Itaú Unibanco offers a new type of credit for those who already have a property as guarantee
Customers who have real estate loans, or loans secured against property with the bank, have access to a new alternative with even more flexibility
São Paulo, August 2024 – Itaú Unibanco announces the expansion of loan conditions with a new type of Credit with Property Guarantee (CGI), also known as Home Equity. Since June, customers who have a mortgage (originally contracted for the purchase of a property), or even an ongoing CGI with Itaú bank, have been able to take out a new loan with the advantages of lower interest rates (starting at 1.35% pm) and better payment terms, which can extend for up to 20 years. In addition, the new loan operation allows for different possible uses – from investing in their own businesses, paying off debts, or carrying out renovations, for example.
This new type of loan is available to customers who are in good standing and who have had a contract with the bank for more than one year. The loan amount to be contracted can range from R$ 30,000 up to the amount already amortized from the original mortgage or the CGI in progress. The new service can be carried out directly with relationship managers and can count on the support of mortgage specialists throughout the journey. In a few weeks, it will be available for simulation and digital contracting via the bank’s app.
“This is yet another initiative that seeks to bring better options for clients to achieve their goals efficiently and safely, while taking advantage of the property guarantee already formalized with the bank. A new solution made possible by the regulatory implementation of the new legal framework for guarantees,” says Thales Silva, director of Real Estate, Consortium and Vehicle Loans at Itaú Unibanco. “Bringing yet another alternative to meet our clients’ needs, the new concession is based on the amount already paid off in the original operation. For example, in an ongoing R$500,000 mortgage, against which R$200,000 has already been paid off over time, there is the possibility of taking out a new loan of up to R$200,000 with the same guarantee,” he concludes.