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Infonavit Launches Mejoravit Credit for Home Renovations

Workers can tap savings from their housing subaccount to fund home improvements at tiered rates, flexible repayment terms.

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Te presta Infonavit hasta 163 mil pesos para renovar tu vivienda

Overview

  • Mejoravit offers loans ranging from 10,318 to 163,030 pesos, covering up to 90% of a worker’s housing subaccount savings.
  • Loans under 41,273 pesos carry a 10% interest rate over 1–5 years while larger loans incur an 11% rate over 1–10 years.
  • Financing can be applied to a spectrum of upgrades, from lock modernization and floor replacement to painting and deed regularization.
  • Applicants must be active derechohabientes registered with an Afore, have no existing Infonavit credit, authorize a credit check and own or inhabit the home within age-plus-term limits.
  • The program is now open for free applications at Infonavit service centers or via the Mi Cuenta portal without intermediaries.