You have a house, you want to remodel it, but you don’t have money? Don’t worry, there are options within the Infonavit to carry out your plans.
The Institute of the National Housing Fund for Workers (Infonavit) has some loans that range from the purchase of a home, to land, and of course, the remodeling of a house that one already has. This is used to make improvements within it, whether painting it, waterproofing the roof, repairing the bathroom, expanding or adding more rooms, or anything else you need.
In the portal https://portalmx.infonavit.org.mx/ the credit option appears Mejoravit Repairswhich, according to the November 2024 update, offers a credit amount from 9 thousand 901.58 and up to 39 thousand 606.34 pesos, without exceeding 90% of the amount in your Subaccount Housing; In addition, a fixed annual interest rate of 10%; and with which you can choose from 1 to 5 years of credit term.
The portal indicates that you should only consider that your previous credit should not have had any type of default towards Infonavit, nor should it have received the support of any amount to cover your debt, that is, any type of bankruptcy, for any of its programs. .
You should know that, according to Infonavit, the resources of the Mejoravit Repara credit are granted by deposit to two cards; In one you can use 80% of the authorized credit amount for purchases in authorized stores and in another you can have 20% in cash to pay for labor.
Among the requirements to access the credit, which is granted, are:
- That the credit is granted individually
- That the sum of your age, plus the term of your credit, must not exceed 70 years and if you are a woman it must not exceed 75 years.
- The home must be in your name, that of your spouse or cohabitant, children, siblings, parents, grandparents or in-laws.
- Inhabit the home to which you will make repairs, extensions or improvements.
If you want to regularize your home, that is, obtain the legal title granted by the notary, you can request 30% of the credit amount to cover notary expenses.
Additionally, you need:
- Be entitled with a current employment relationship.
- Be registered in an Afore and have updated biometric records.
- Authorize the inquiry to the credit bureau.
- Not having a current credit with Infonavit.
Enter My Infonavit Account to find out the amount you can access and learn about the requirements and more of this credit.
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