How to apply for a Construcard loan

What's more, the interest rates for this second type of loan are considerably lower than those for conventional loans.

That's why today we're introducing you to Construcard! There is a credit limit administered by Caixa Econômica Federal, which is dedicated exclusively to renovation, both residential and commercial. Want to know how it works? Check it out below!

Building or even renovating a residential or commercial space is a lot of work, right? We say this both in terms of the work itself and the high cost of renovation.

How does a Construcard loan work?

First of all, it's important to know that it's not a credit card.

Construcard is a credit line for buying building materials to renovate or build a property.

With Construcard you can buy all the materials you need for your renovation in a maximum of 6 months. What's more, the interest rates for this second type of loan are considerably lower than for conventional loans.

Construction Loan Phases

The Construcard loan has two phases. They are: use and depreciation. We'll talk more about each of them below.

How to use

This is the first phase of a loan. You can buy all the materials for the construction or renovation in two to six months.

To do this, purchases are made with the Construcard at your favorite store, in the credit function.

Please note that during this purchase period you will not pay back the amount spent on your Construcard. At this stage, you only pay interest on the amounts used.

The card's limit varies from R$ 1,000.00 to R$ 25,000.00 and depends on the profile of each client.

Depreciation

The repayment phase is when you start paying back your Construcard loan. It begins at the end of the purchase period, i.e. after a maximum of six months.

The big difference is the number of installments: the Construcard loan can be paid back in up to 240 months and interest starts at 2.5% per month.

This interest rate depends on each contract signed, the amount borrowed and the number of payments.

As mentioned, Construcard is administered by Caixa Econômica Federal. And the bank offers customers the possibility of offering assets as collateral. This way the interest rates are even lower.

Here's how it works: you transfer physical assets (such as real estate or a car) to the bank as collateral for your loan.

In this way, the bank is sure that the loan will be repaid and, in return, offers an even lower and more favorable interest rate.

How do I pay my Construcard installments?

The payment of each installment is automatically entered into your Caixa account.

So, to apply for a loan, you must have a Caixa Econômica Federal account!

To do this, go to the nearest Caixa branch and speak to the custodians.

What are the benefits of the Construcard?

To make things easier for you, here are some of the benefits of applying for a Construcard loan. Control:

You decide which items to buy for renovations and new buildings;

Purchase period of 2 to 6 months;

You can provide loan guarantees at lower interest rates;

The application is easy to send.

Simulate a Construcard loan

Did you find the proposal interesting and want to simulate a loan? Box has this tool!

This is the online Caixa Housing Simulator. This way you'll know what the payment period is, what limit you can apply for and what the interest rates are.

We went step by step to help you with this simulation:

Access the online Caixa Housing Simulator (link at the end of the text);

Select "private" and choose "home financing";

Select "building material" and enter the amount you want;

Enter your personal information;

Fill in the form and check out the simulation details.

Click on the button below to simulate!

I want to apply for a Construcard, what should I do?

Once you've simulated and accessed the Construcard Caixa loan conditions, it's super easy!

Simply go to a Caixa department with the following documents:

Id;

CPF;

Proof of income;

Proof of address;

Title to property or land.

Telephone service

If you have any questions, Caixa has the following communication channels available:

3004-2100 for capital cities and metropolitan areas

0800-001-2100 other cities

To access other information provided by Caixa Construcard, click on the button below to be redirected to the site.