How to Make a Construcard Card (Box Card)

Have you ever thought about renovating your home but are prevented by financial issues? Fortunately, there are financing programs able to help you at this time.

One of the best options is the Construcard. This is a type of financing for the purchase of materials for construction and renovation of a property offered by Caixa Econômica Federal. The credit is not linked to the SFH, and can only be used for residential properties.

In addition, it is an uncomplicated program, since the credit line is deposited directly into the applicant's current account, which makes it possible to analyze it via the internet.

With the card, it is not possible to pay for labor, but it is useful for buying, in addition to more common construction materials (such as bricks, frames, floors, tiles and paint), non-removable cabinets, swimming pools, elevators, water tanks, solar heaters, wind turbines and photovoltaic energy equipment.

How it works?

Financing works in two steps: use It is amortization.

A first phase concerns the purchase of construction material, in the period between two and six months. During this period, only the interest used will be charged.

already the second level, refers to debt discharge, that is, the monthly payment of installments until the debt is resolved. This can last from one to 240 months, with only 2.50% interest per month, and only starts after the end of the period defined for purchases.

The system used is the Price Table, so the value of the installments will be the same until the financing is paid off.

The bank requires a negotiation guarantee, which may be: endorsement, fiduciary alienation of movable property, guarantee of deposit/financial investment or fiduciary alienation of immovable property.

How to hire?

Before contracting the service, you must be over 18 years old or emancipated, have a bank account and pass the registration and credit risk assessments.

To apply, interested parties must go to a Caixa branch and present the necessary documents so that the bank can carry out a cadastral survey and credit risk analysis.

If approved, specific documents will be requested to guarantee the operation. In cases of property guarantee, it is necessary to present IPTU certificate, property encumbrance certificate, among others.

If the loan is approved, just sign the contract and choose to receive the card at the branch or at your home.

Soon after, it is enough just to unlock and, thus, it will be possible to use the Construcard card from the day following the hiring. It is worth remembering that purchases must be made within the chosen period, which can be up to six months after release.

Required documentation

You documents needed to apply for a Construcard card they are:

• Identity;
• CPF;
• Proof of residence;
• Updated Proof of Income;
• Warranty documents, if applicable;
• Proof of ownership of the property (IPTU/ITR booklet due in the current year, registration certificate of the property, assignment of rights to the property or, in the case of property financed by Caixa, receipt printed by Caixa employee, at the agency);
• In the case of third-party property, proof of ownership and a declaration of knowledge, signed and notarized, from the owner of the property to be renovated is required.

ConstruCard Simulator

In order to provide a realistic experience to its customers, Caixa provides a simulator, in which the applicant is informed about terms and conditions of payment.
The tool is necessary in view of its power to assess the possibilities and also to help with greater precision about the possibility of paying off your debt after use.

See too:

• BV Financeira Personal Loan: How To Do It, Simulation, Calculation
• Banco do Nordeste Loan: How to do it?