Personal Loans for Construction or Retirement
Most retail banks have specific lines of credit for construction , to buy land or to renovate a property, these loans usually cost cheaper than conventional personal loans, the bad for those who seek this type of credit without a doubt is the bureaucracy unconditional parcera of the banks.
For those who want to get credit for building or remodeling have to take a good dose of patience before, check out some relevant tips.
The ideal even for this type of financing is obtained in the short term, mainly for land purchase. The interesting thing is to pay as soon as possible, in this way the person gets his financial resources committed for less time, and starts to build faster.
In order to obtain the construction credit
It is already a bit more complicated, the documentation must be up to date, and in this case it will only be possible to obtain the credit request for construction of the building if the project is approved by the city hall; if the construction schedule is completed by a construction company, preferably the one who will perform the service; have a certificate of full ground content, in addition, the bank will follow up during the construction to know if the progress of the work is running as planned.
Now the credit for retirement is less crowded and restricted, even so to get that credit the customer pays interest a little more expensive than the other types of credit, it is still better than applying for a personal loan.
In the construction credit market, Banrisul and Caixa Econômica Federal dominate credit offers, including land purchase and retirement, both of which operate through fiduciary disposal as collateral for the loan.