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Caixa announces further reduction in mortgage rates; Find out what changes

CAIXA announced a reduction of interest rates to 1.0 pp when financing real estate with funds from the Brazilian Savings and Loans System (SBPE). The reduction applies to loans with a balance remaining adjusted for a reference rate (TR) under the housing finance system (SFH) and the real estate financial system (SFI).

According to the bank information, the minimum effective rate for residential properties will be TR + 7.50% per year (a.a), with the maximum rate TR + 9.50% a.a. Rates apply from the next Monday, October 14.

"This is a consistent reduction in interest rates. First, we made a reduction with the launch of the line by IPCA, and now we apply for funding by TR. If the Central Bank continues to lower interest rates, we will continue to change our interest rates, "said CAIXA president Pedro Guimarães in a press release about the new cut.


Simulations can be made on the CAIXA website, where the customer can compare interest and financing conditions. The level of relationship that the customer has or will have with the bank will have a direct impact on the conditions in which employment occurs.

The President of the Bank, Pedro Guimarães, stressed the resumption of growth in real estate loans caused since the launch of the new line by IPCA.

"More than 3.5 million simulations have been performed on site so far, 38 665 customers and nearly R $ 2 billion have been evaluated in ongoing or contracted operations. Within 45 days we achieved what we expected for a year – said the president.

"But it's not that IPCA has replaced TR, TR remains very strong. What is happening is a clear new demand from people outside the real estate system who now have better access to credit. "

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