Banco Itaú – Loan with Property Guarantee
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Among the best alternatives to check lower interest rates, we can tell you that the main one would be the Credit with Property Guarantee from Itaú bank.
By requesting this loan, the consumer can use it as they prefer, whether to open a new business or to pay their bills.
To do this, the property used as collateral must be in your name and paid off.
So, go ahead and understand the option in as much detail as possible.
Getting to Know the Itaú Real Estate Guarantee Loan
It is important to inform you that this option can be called Home Equity.
Therefore, for consumers who do not yet know, through a secured loan, the consumer agrees to transfer the property to the bank.
Therefore, the financial institution can become the owner of the property if the customer does not make the payment.
However, the property remains the property of the client after the request.
It is also worth mentioning that Itaú's credit option accepts residential and commercial properties, and the minimum appraisal value is R$67,000.
The properties that the bank does not accept are rural properties, as well as land or third-party assets, that is, the property must be in your name.
As for the benefits, the following should be mentioned:
Consumers can check values from R$40,000 to R$3 million, depending on the value of their property and also their profile.
The installments decrease each month and the payment term starts at 36 months (3 years) and goes up to 180 months (15 years).
Finally, you can count on the speed of response. In general, specialized consultants can provide you with a response within 1 hour.
Interest rates
Interest rates for Itaú Property Secured Credit start at 0.94% per month + TR.
Therefore, the company does not offer the maximum rate and the TR (Reference Rate) has been zero since 2017, something you don't need to worry about.
And the loan secured by real estate is the cheapest because when compared to the payroll loan option, the rate would be 2.32% per month.
For overdraft and credit, the interest rates are 6.57% and 7.32% per month, respectively.
How to apply
To obtain a Credit with Property Guarantee from Itaú, you must be a current account holder at the bank.
Therefore, click here and open your account if you are not a current account holder.
After that, gather the following documents:
- Identification document – ID or driver’s license;
- Proof of marital status;
- IPTU;
- Updated property registration.
Then, access the bank's website and scroll to the option “fill in the fields below to simulate and find out the conditions”.
On the Itaú bank website, add the value of the property, the amount needed, the term, your full name, CPF, email and also your telephone number with the area code.
Finally, a specialist will contact you to obtain your documents and carry out a credit analysis.
Also learn about Creditas' Private Payroll Loan.
Itaú Bank Contact: 4004-4828
Agency 0196 – 246 – Jardim Europa, Sao Paulo – SP, 01454-000
*Research source: https://www.itau.com.br/emprestimos-financiamentos/
