Home » Infonavit reduces the rate of improvement credits to 13.1%, the lowest in its history – El Financiero

Infonavit reduces the rate of improvement credits to 13.1%, the lowest in its history – El Financiero

by archyw

The Institute of the National Housing Fund for Workers (Infonavit) lowered the interest rate for workers to 13.1 percent. upgrade credits, through the third funding auction of the Mejoravit financing line, which makes it the lowest rate in the institute’s history since its launch in 2011.

The institute directed by Carlos Martínez Velázquez pointed out that since last July 16, 2021, the workers affiliated with the housing organization who request an improvement loan, “will begin to see the benefits of the new financing conditions reflected in their pockets. of Mejoravit, among which the reduction of the Total Annual Cost (CAT) from 18.4 to 13.9 percent stands out ”.

What’s more the minimum amount of credit increased to 4 thousand 631 pesos and the maximum to 129 thousand 138 pesos, according to the payment capacity of the entitled person.


It should be remembered that Mejoravit is a credit for the home remodeling, repair or improvement, launched in mid-2011 with an interest rate of 18 percent, which has been adjusting in the last ten years until this third auction, where it reached the lowest level.

“The final allocation of resources for the Mejoravit financing line was segmented into four –Banco Ve Por Más, CI Banco, Banco Monex and Bancoppel–, for an amount of 4,500 million pesos”, in order to grant credit to the workers.

What does it cover and how to request it?

The resources of the improvement credit or Mejoravit can be used to make minor improvements in the home such as paint, waterproof, change bathroom furniture, make adjustments to meet the needs of people with disabilities or buy eco-technologies.

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The workers interested in applying to Infonavit must have a current employment relationship, pre-qualify, have a Housing Sub-Account balance of at least 5 thousand 128 pesos, 4 months of seniority in the company where they work and not have other support from Infonavit in progress.

If the worker meets the requirements, they must enter the My Infonavit Account site at micuenta.infonavit.org.mx and click on the “I am interested in a loan” section to choose it.

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