By being a specialist in mortgage credit, the UCI offers a diversity of options for this financial product. In this way, the institution aims to meet all the needs of its clients and give them the most appropriate financing for their housing.
At the UCI bank it is possible to find several types of housing credit. 100% financing is also allowed provided that, to this end, the client reinforces his bank guarantees through a second mortgage on an additional property. This facility also varies depending on the financial profile of the client.
As for the interest rate, the UCI allows the choice of three different types so that the client obtains a UCI Mortgage Loan with monthly installments adequate to their possibilities of payment.
On the one hand, it is possible to contract a fixed interest rate, for a period that varies between 10 and 30 years.
On the other hand, the variable interest rate indexed to the 6-month EURIBOR can also be contracted. This results in a benefit that is constant and revised half-yearly according to the variation of the index rate.
Lastly, the customer can also select a mode that combines both rates: this is the so-called mixed interest rate. In this way it is possible to choose a period between 2 and 15 years in which there is a fixed interest rate and during that time the monthly installment remains unchanged. At the end of this period, the interest rate becomes variable, indexed to the 6-month EURIBOR.
The UCI Home Exchange Credit is ideal for clients looking for a financing to buy a new property without having sold the current one previously. In this case, the current housing is given as collateral.
The client can acquire financing for the construction of their own dwelling. This credit allows the works to be financed, the amount being released in a phased manner, in tranches, and according to the state of the works.
It should be noted that it is also possible to finance the value of the implicit expenses to the work, such as those related to the project itself and also to the licensing costs.
It is possible to enjoy a capital shortage period (during which the customer only reimburses interest) for a maximum period of two years, which should correspond to the completion of the works.
For the UCI Construction credit the consumer can choose between two interest rates: 3-year mixed rate or variable rate indexed to the 6-month EURIBOR.
Credit Transfer Housing
In the UCI bank the client can still transfer the mortgage loan from another financial institution. To this end, the financing must be directed towards the purchase of a Permanent Own Residence.
This loan can have a payment term between 7 and 30 years, the amount to be financed up to 100% of the amount of the mortgage to be transferred, always depending on the financial profile of the client and the evaluation of the property in question.
On the day of writing, the UCI returns to the client the entire value of the evaluation fee. In addition, the client benefits from a reduction in the opening commission. In the UCI Housing Transfer Credit modality it is compulsory to contract life insurance and multi-risk insurance companies that are partners of this bank.
The UCI has in its possession some real estate that comes from clients that were once in default and who perhaps had to surrender their housing to the financial institution.
These UCI properties are sold at a lower cost than the market and allow up to 100% of their value. In addition, UCI properties are sold by real estate partners of this banking entity, which facilitates the management of the entire process.
Insurance associated with Housing Credit
In addition to compulsory insurance when hiring a housing credit – life insurance and multi-home insurance – the UCI also provides other protections.
On the one hand, it has a Protection of Payments Insurance, which is nothing more than an unemployment insurance that ensures payment of monthly benefits in the event that the holder of the credit becomes unemployed or if he suffers from temporary incapacity that makes it impossible to work.
On the other hand, it is still available to the client a set of other complementary insurance, as is the case of Home Insurance and Recheio.