It is undeniable that Itaú's new Real Estate loan line innovated the market. By composing the interest rate with a fixed rate, which can reach 3.99% per year, and a variable rate, which is equivalent to the savings income, the bank created one of the most affordable financing on the market. Know its advantages right now.

By now, you already understood what real estate credit is and, mainly, the two lines of financing from Itaú bank. Now, it's up to you to find out more about the advantages of the Itaú Real Estate Loan. May it not be for that! Let's discover all the benefits of this product that came to innovate the market in which it operates.

The first major advantage of Itaú's Real Estate Loan is precisely the fact that its interest rate takes into account the yield on savings, which is 70% from Selic. As the basic interest rate is at the lowest level in history, this made this financing the lowest cost on the market.

Danilo Caffaro, Director of Real Estate Credit at the bank, stated that the monthly installments of Itaú's Real Estate Loan could be up to 20% lower than traditional lines in the country's current interest rate scenario. However, he stressed the importance of having a limiting ceiling, which is precisely the next advantage of this financing.

There is no doubt that the fact that the Itaú Real Estate Loan is linked to savings income is quite an advantage, considering the current basic interest rate. However, what if the Selic goes up, does the installment also go up? Yes, she goes up.

As we mentioned in the previous text, your financing debt will increase in the same proportion as Selic. With this in mind and the possibility that the debt amount could escape its control, Itaú created a limiting ceiling to provide more security to its customers. In the worst case scenario, Itaú's real estate loan could cost something around 10.2% per year thanks to this limit. To reach this situation, the Selic would have to surpass the barrier of 8.5% per year, which is not something that can be seen in the next three or four years.

Another huge advantage of the Itaú real estate loan is that the financing fits in your pocket. Those interested may finance up to 90% of the value of the property in up to 30 years, with a minimum down payment, therefore, of 10%. This, in turn, is much lower compared to other banks, which usually require 20% of the amount to be financed.

Also, credit uses the Constant Amortization System (SAC), whose installments decrease over time. In this way, you program yourself to pay that certain amount, which falls over the years, causing more money to be left in your budget planning.

In the Itaú real estate loan, it is possible to use the FGTS (Employee Severance Indemnity Fund) as part of the payment. This amount can be used in two ways: either as a down payment on a property (in the case of a finished property) or as amortization of the outstanding balance, provided that the rules for using the FGTS are obeyed.

When you buy a property, there are numerous expenses that you will have to bear, in addition to the debt portion itself, such as the ITBI (Real Estate Transfer Tax) and Registration Expenses (Deeds in Notary). If you don't have the money to pay them off at the time of purchase, don't worry. In the case of the Itaú Real Estate Loan, you can include all these costs, as long as they do not exceed the amount of your proof of income required by the Bank.

With these wonderful advantages of the Itaú Real Estate Loan, it is more than obvious that it is one of the best financing on the market, if not the best. So, the question remains: how to apply for it? It is now that you will find out!