All credit schemes of the Institute of the National Housing Fund for Workers (Infonavit), whether to buy, build or improve a home, include an interest payment.

This is due to the fact that Infonavit manages a mutual fund, in which the money that is lent to those who process a loan comes from the savings that the rest of the beneficiaries have in their Housing Sub-account; and, in turn, the interests charged by the Institute are reflected in returns.

In other words, Infonavit's own beneficiaries are the ones who finance the workers who request a loan. And, with the support of the Institute, they help them acquire their home or create a retirement savings fund.

Likewise, Infonavit is in charge of collecting the contributions that employers make to the Housing Subaccount; an amount that is equivalent to 5% of the integrated salary of the workers.

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Subsequently, the Institute distributes said contributions in the account of each beneficiary, receives the payment of the loans that have already been delivered and makes investments. This with the aim of guaranteeing that each person's savings have a profit.

On the other hand, when a worker applies for a loan, in addition to obtaining his savings from the Housing Subaccount, he agrees to a loan.

It is there where all the right holders are involved, because with part of their accounts it is possible to accumulate the amount of credit that is granted to the applicant.

In this way, Infonavit incorporates the interest rate in its loans to guarantee that there are always resources available to grant more financing; as well as to recover the borrowed and ensure returns for the savings of the workers.

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It is important to mention that the mission of Infonavit is to help workers to consolidate their assets; either in the form of housing or accumulated savings for the moment of retirement from work.

In this way, if at the end of his career a worker did not request financing, or finished paying it and continued to receive employer or voluntary contributions, the savings generated will be returned with their respective earnings.

These earnings are calculated according to elements such as the annual yield of the Housing Subaccount, the inflation rate for each year, the annual increase in the minimum wage, the additional increase in the worker's salary and the total accumulated savings.

The amount of the interest rate will depend on the conditions of the loan. That is, the amount of credit requested and the salary that each worker receives. So you can access a rate from 1.9% or up to 10.45% per year.

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