Anyone who has already borrowed money knows that there are almost always costs involved. Be it the interest rates charged on the cash advance, or additional costs built into the financial transaction, the credit card billing delay, the foreclosure costs or notary’s expenses at the conclusion of the contract etc. In general borrowers can not deduct the costs of debt financing immediately. Instead, they need to pay off these costs over the life of the loan or financing.
The amortization of debt
In case of this article: how to repay loan debts in banks, borrowers who have contracted loan or financing with extended repayment term, have the possibility to pay installments in advance, carry out the reduction of the initial term of the financing or if you want, can also portability the loan financed to reduce the installments paid monthly.
You can usually pay off your debt financing costs. This involves recognizing these costs over the life of the loan, using what is known as the effective interest method. This method is a bit more complicated than a linear method, but results in faster deduction recognition.
To help in this process, it is not advantageous for them, the main Brazilian banks have different forms of procedures for this purpose. Check out how each one acts.
Amortization at Banco do Brasil
In the “Banco do Brasil” (BB), carry out the operation for debt repayment or settlement of financing installments in advance by being done without problems or hindrances, for this the borrower should seek the agency that was granted the real estate loan and do the payment, at least, to the amount of a current installment. The BB client also have the possibility to opt for the reduction of the value of the provision of the financing or the term financed. The repayment of the debt for the reduction of term is decreasing, that is, backwards / from the last installment to the first.
Amortization in the Savings Bank
According to the “Caixa Econômica”, the payment of installments to anticipate the term of operations with real estate credit, can be made in any agency of the institution in all Brazilian territory, but the option is not allowed for “financing in the Par Acquisition” ( Residential Lease Fund of the Minha Casa Minha Vida Program), for families with a monthly income of up to 3 minimum wages. Repayment is only possible if the borrower is in full (on time) with the installments of the contract when the advance is requested.
Amortization at Itaú Unibanco
For Banco Itaú clients who have “Itaú real estate financing” and wish to amortize debts with prepaid installments, part of them or the total debt with the institution, the first step is to contact the “Imobfone” on the telephone 11-4004-7051 or 0300-7897051 , during business hours. The service of the “Imobfone” will give all the instructions and documentation necessary to carry out the operation.
Amortization at Bradesco
In Bradesco, the client does not even have to leave the house, if you want to repay the debt of real estate financing, simply enter the bank’s website through the internet and make the option of one of the two types of early settlement available, to be amortized in the real estate financing in the same current account in which the debit of the installments occurs monthly. That simple.
Amortization in Santander
The extraordinary amortization or early settlement of debts in Santander also occurs in a simplified way, the borrower contacts the “Real Estate Credit Advisory Santander” at the telephones 11-3553-4058 (São Paulo), 21-3460-1304 (Rio de January) and 0800-286-0909 for other Brazilian locations. When the client wants to make a repayment in the financing, he informs the amount that he wants to write off, to carry out the liquidation of the financing, Santander’s advice informs the debit balance. In both cases, the central Santander sends the ticket to the borrower to make the payment.
Amortization at HSBC
At HSBC the borrower should go to a branch of the nearest bank and request a simulation of the debt repayment , they are two options, it is possible to check the repayment by the number of installments or the balance due. To have access to simulation, the borrower will need to identify himself through the CPF and RG or CNH, after that, the agency issues the ticket to make the payment.