Home renovation loan: Invest in the transformation of your house.

Home improvement loan: Know everything about this financing.

If you are thinking of renovating or improving your property, housing credit for works is a solution aimed at financing these projects.  

This type of credit is intended for those who want to give a new life to their property, whether to increase comfort, improve energy efficiency or enhance the property in the real estate market.

How does housing credit for works function?  

In contrast with a personal loan, this financing uses the property as collateral, allowing for more advantageous conditions, such as lower interest rates and longer repayment terms.  

Mortgage credit for construction is ideal for interventions requiring significant investment, such as:

• Structural renovations.

• Improvements in aesthetics

• Energy efficiency interventions, such as installing solar panels or efficient windows.

Compared to other credit modalities, it offers lower rates and higher amounts, with terms that can go up to 30 years.

Furthermore, improvements increase the value of the property, whether for personal use or for investment in the real estate market.

Investing in energy efficiency projects can also significantly reduce long-term energy costs.

Note that, to request this type of credit, it is important to present:  

• A detailed budget of the works;

• Licenses and authorizations, if applicable;

• Property evaluation to determine the maximum financing value.

The bank can finance a high percentage of the total cost of the work, depending on the value of the property and the viability of the project.

What should I pay attention to when requesting this credit?

• Planning: Define well the objectives of the work and prepare for unexpected additional costs;  

• Qualified professionals: Make sure to hire trustworthy companies to execute the project.  

• Bank choice: Compare proposals from different institutions to ensure the best conditions. At this point, it may be essential to have a credit intermediary by your side.

The credit intermediaries of Poupança no Minuto offer a free service of communication and bureaucracy mediation with banks, helping you to compare proposals and choose the best and most suitable for you on the market.

Simulate your financing now: