Who is Infonavit and Why is This Relevant?
Infonavit, or the National Fund for Workers’ Housing, is a Mexican government-run housing finance institution that provides credit to workers for purchasing, constructing, or improving their homes. With over 8 million active credit accounts, Infonavit plays a crucial role in helping workers achieve the dream of homeownership.
The Early Loan Repayment Scheme
Infonavit offers a unique opportunity for its beneficiaries to pay off their loans ahead of schedule. This early repayment scheme acknowledges the effort and financial commitment of individuals who choose to accelerate their loan payments. By doing so, borrowers can reduce the overall interest paid and become debt-free sooner.
Eligible Loan Types
- Infonavit Total or Infonavit Total AG financed by a financial institution
- Mejoravit
- Arrendavit
- Tu Casa es Posible
- Segundo Crédito
- Cumplir Cuenta
- Fideicomisos
- ConstruYo
- Crediterreno
- Credits benefited with the Responsibility Shared program before May 2022
- Credits given in installments (ministraciones) that have not been fully exercised
How to Access the Early Repayment Scheme
To determine if you are eligible for this early repayment scheme, Infonavit recommends reaching out through its official channels. These include:
- Mi Cuenta Infonavit: Your personalized online portal for managing your credit account.
- Infonavit Service Centers: Physical locations where you can consult with experts and receive personalized assistance.
- Infonatel: Infonavit’s official call center for telephone support.
- Asesores de Cobranza: Credit collection advisors who can guide you through the process.
Key Questions and Answers
- What types of Infonavit loans can be paid off early? The early repayment scheme applies to all Infonavit credits, including Infonavit Total or Infonavit Total AG, Mejoravit, Arrendavit, Tu Casa es Posible, Segundo Crédito, Cumplir Cuenta, Fideicomisos, ConstruYo, Crediterreno, credits benefited with the Responsibility Shared program before May 2022, and credits given in installments that have not been fully exercised.
- How do I find out if I’m eligible for the early repayment scheme? Consult Infonavit’s official channels, such as Mi Cuenta Infonavit, Infonavit Service Centers, Infonatel, or Asesores de Cobranza, to determine your eligibility.
- What are the benefits of paying off my Infonavit loan early? By accelerating your loan payments, you can reduce the overall interest paid and become debt-free sooner.
