Overview
- Adhesion begins Monday, November 3, through Caixa’s website or app, with in-person requests also allowed.
- Eligible applicants are urban households with gross monthly family income up to R$9,600 subject to an approved credit assessment.
- Interest tiers feature nominal rates of 1.17% per month for incomes up to R$3,200 and 1.95% for R$3,200.01 to R$9,600, while some reports note a Caixa-defined tier above R$9,600 capped at 1.95%.
- Approved borrowers receive 90% of the loan at approval, with the remaining 10% released after submitting photos that confirm completion of the work in the Caixa app.
- Funds may cover materials, labor and technical services, with reported loan amounts starting at R$5,000 and terms up to 60 months for lower bands, and one report citing larger, longer financing for higher incomes.