Home loan: when is it worth renegotiating with the bank and when to switch banks?

Poupança no Minuto The conditions of the housing loan may no longer be the most suitable for your financial situation over time. A change in income, the evolution of interest rates, or the existence of more competitive offers may justify a review of the contract.

In these situations, there are two alternatives to consider: renegotiate with the current bank or transfer the credit to another institution. The best option depends on the available conditions and the total cost of each solution.

When does it make sense to renegotiate housing credit?

Poupança no Minuto helps you renegotiate loan terms with your current bank. It's relevant when you want to review the spread, term, or other contractual conditions.

Before proceeding, identify what you want to improve and request a concrete proposal. Also analyze if the change involves costs, changes in associated products, or other trade-offs.

Poupança no Minuto can be convenient to avoid changing institutions, but the bank is not required to accept all proposed changes.

When is it worth transferring the loan?

The transfer consists of contracting a new housing loan with another institution to pay off the existing loan.

It makes sense when you find a proposal with globally more favorable conditions, for example, at the interest rate level, spread or associated insurance.

However, you should consider transfer costs, applicable fees, processing expenses, and the conditions required to benefit from possible bonuses.

A lower spread offer is not necessarily the best if it involves high additional costs.

How to compare the two alternatives?

To make an informed decision, compare:

• Interest rate and spread

• The type of rate: fixed, variable or mixed

• The remaining term and the debt amount

• The cost of required or associated insurance

• Fees and subscription expenses

• The MTIC and the estimated total cost

• Early refund conditions.

Ask for simulations for comparable amounts and terms. If a proposal reduces the payment by extending the loan, assess if the longer term is worth it.

Simulate your housing loan transfer

If you want to review your loan conditions, compare available alternatives before deciding. Count on us for a personalized analysis and to see if it's worth renegotiating with your current bank or transferring the loan to another institution.

FAQ

Is the current bank required to lower the spread?

No. You can submit a renegotiation request, but the change depends on the agreement with the institution and the applicable conditions.

Does transferring housing credit have costs?

You can. Confirm early repayment fees, subscription costs, and the new institution's conditions.

Lower payment means I save money?

Not necessarily. Compare total cost, time, and additional fees, not just the monthly amount.