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Discover Novobanco Housing Credit for Young People!
Discover the credit line offered by Novobanco, which is aimed at young people aged up to 35 with the dream of having their own home.
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Housing Credit for Young People Novobanco: have your own home!
With Novobanco's Housing Credit for Youth, young people who still live with their parents can finally purchase their own homes.
After all, it is increasingly common for young people to delay leaving their parents' house. This happens because there is a shortage of offers, in addition to financial difficulties.
How do I apply for Novobanco Housing Credit for Young People?
Discover how to apply for Novobanco Housing Credit exclusively for young people and get a discount on the spread and installments.
Therefore, Novobanco created this housing loan product specifically aimed at young people up to 35 years old. Thus, it offers exclusive advantages and benefits for you to achieve your goal.
Interest rate | variable, fixed or mixed |
Payment deadline | Between 35 and 40 years old |
Approval | Under review |
Benefits | Choose between mixed, fixed or variable rates; Lower spread; Extended deadlines; Exemption from initial commissions. |
So, if you want to know more about this young credit, keep reading this text!
How does Novobanco Home Credit for Young People work?
Firstly, to use this credit it is necessary that your parents or close family members participate in the venture. But how does this work? Calm down, it's very simple.
Thus, a close family member who has a residence can mortgage it to Novobanco. In other words, the house serves as a type of guarantee for the credit offered. This increases your bank financing facilities.
So, you receive discounts on loan installments and a reduction in the spread. All of this makes your access to credit easier. In addition, your family member who helps you also receives some benefits from the bank.
In fact, do you want to know more about the advantages and disadvantages of Novobanco’s Home Loan for Young People? So, let's check out some points now!
Youth advantages
The advantages are varied, so we will list some for young people and others for family members.
- No initial commissions charged;
- Spread bonus of 0.1%;
- Decrease in APR if you have associated sales;
- Choose between fixed, mixed or variable rates;
- Terms of 35 to 40 years.
Family advantages
- Same loan spread bonus;
- Extended loan term
- Life Insurance with coverage proportional to 50%
- Exemption from evaluation commissions, process studies and formalization.
Disadvantages
On the other hand, the disadvantage of this Novobanco option is the very fact that you depend on other people to obtain credit. In this case, your parents or close family members.
Therefore, you need to convince them and show all the advantages and possibilities of this credit.
Furthermore, carefully evaluate the values of the fees and benefits offered. It's important to keep your accounts close to your fingertips to know which expenses are worth it.
How to get Novobanco Housing Credit for Young People?
So, did you enjoy getting to know this credit? Know that to do so is very simple, you just need to contact Novobanco.
Thus, your credit and possibilities will be analyzed and a value will be offered according to your reality and that of the family member who intends to help you.
Do you want to know more and get an exclusive step-by-step guide? So, click on the link below and take out housing credit for young people from Novobanco!
How do I apply for Novobanco Housing Credit for Young People?
Discover how to apply for Novobanco Housing Credit exclusively for young people and get a discount on the spread and installments.
About the author / Filipe Travanca
Reviewed by /
Senior Editor
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