Infonavit announced what its Strategic and Financial Plan (PEF) 2022-2026 will be, for which it indicated what its new financial and payment solutions will be that will be operated in the next five years.

According to the document, in 2023 more than 20 flexible, competitive and viable financing options will be developed as part of the implementation of the reform to the Infonavit Law. As well as these actions in the next five years, Infonavit estimates to place more than three million credits ”.

Likewise, it was reported that among the new products to be developed, the credit for the acquisition of housing land stands out.

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Also the refinancing of loans that will allow people who are paying a mortgage loan, access other financing to make improvements or adjustments to the home.

In addition, it was reported that the ConstruYO program will be expanded with a financial solution with its own funding from Infonavit.

The foregoing "will allow better interest rates and increase the purchasing power of the right holders by presenting more competitive financial conditions."

On the other hand, the agency will give workers the opportunity to pay the balances of their credit acquired with other financial institutions.

This product is scheduled to begin operations during the third quarter of 2022.

In line with the new Social Collection Policy, the PEF establishes actions to address loans that present difficulties in their payments through various accessible and financially viable solutions.

Among those, the one-stop shop for Shared Responsibility stands out to facilitate that 3.7 million borrowers, who have a debt in minimum wages, can convert into pesos. 

Of interest: From the US, Infonavit receives more than 334 million pesos for loan payments

Regarding placement for the following year, the PEF foresees a granting of 595 thousand 948 credits. This figure represents an increase of 14.2% with respect to the forecast for the end of 2021; and that the spill will be 254 billion pesos, of which 74% will be funded by Infonavit and 26% by financial entities.

"Infonavit's financial strategy, in addition to privileging access to new financing options, is also planned to generate sufficient income to allow it to grant an average nominal yield to the Housing Sub-Account of 5.60% in the 2021-2026 period."

That is, approximately 143 basis points above expected inflation (4.11% average), allowing to preserve financial solvency in the medium and long term.

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