To build a house, create a leisure space or acquire a commercial property, a large number of people are looking for alternatives to traditional property financing, such as Itaú's property financing.

Firstly, you should realise that this is an excellent alternative, mainly because you'll be able to enjoy the property instantly and pay for it over a period of up to 30 years.

As with any line of loan, Itaú's property financing offers many advantages.

Find out everything you need to know about the Itaú property loan, including rates, advantages and whether or not it's worth opting for.

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How does Itaú bank finance property?

From there, it's essential that you know that Banco Itaú's property credit lines don't involve a lot of bureaucracy.

In other words, the whole procedure can be done online via Internet Banking, and all you have to do is go to the bank to sign the contract.

That's right!

Alternatively, if you feel more confident, you can carry out the full procedure with Banco Itaú, estate agents or construction partners.

In fact, this form of financing is usually readily accepted by financial organisations.

Despite the fact that, once their loan has been approved, consumers usually purchase additional financial products, such as construction finance and home insurance.

What are the rates for financing property at Itaú?

Itaú currently has a property credit line with savings interest.

In other words, a variable rate of 7.13% per year, made up of 3.45% per year plus the volatility of the savings index, which fluctuates according to the Selic rate.

In other words, when the Selic rate falls, your payment decreases and, if it rises, your bond is limited.

In this situation, the outstanding balance is updated based on the reference rate (TR).

Advantages of Itaú home loans

Take a look at the advantages of financing property with Banco Itaú:

1. Credit approval or response within one hour;
2. Where necessary, assistance from specialised consultants at all stages;
3. Internet-based contracting via the website;
4. Financing of up to 90% of residential or commercial property;
5. Possibility of including emoluments and notary fees in the financing itself;
6. Owner's insurance;
7. Minimum amount of R$ 100,000 with no upper limit, minimum financing amount is R$ 40,000.

What's more, you and the buyer of the land with you can use the FGTS to pay for part of the property, both as a down payment and during financing, as long as the transaction complies with the FGTS regulations.

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How to finance a property with Itaú: Necessary steps

Now that you know that Itaú offers land financing, see how simple it is to obtain the service online.

1. Create a simulation Itaú's online mortgages;
2. Get the results of a financial study worth up to R$ 1 million in sixty minutes.
3. Then it's time to send your documentation via Internet Banking;
4. After analysing your documentation and evaluating the property, the bank issues a contract to be registered with a notary;
5. Prepare!

According to Itaú, credit for the purchase of your lot will be given within three working days.

Can home loans be transferred from another bank to Itaú?

Know that it is possible to migrate if you signed a contract with another bank, but now that you know Itaú's terms, you regret it.

In addition, if you have a mortgage with Itaú and want to switch to an interest-bearing savings account, you should consult your manager to see if the transition is feasible according to the terms of your contract.

Or call Itaú Customer Service on 4004-7051 for capital cities and metropolitan areas, or 0300-789-7051 for all other regions.

Is financing a property with Itaú worth it?

The bank now offers the lowest rates on the market for property loans, according to Itaú.

So if you're willing to finance a plot of land, renting it from Banco Itaú could be an excellent option.

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However, it is essential to consider other factors, such as your family's budget, the waiting time for construction, the possibility of financing a finished house, etc.

But if you want to build a house from scratch, you have to create a plan based on your family's needs, the way you've always imagined, and be prepared to pay interest to make that dream come true.