RIO DE JANEIRO, BRAZIL - Santander announced on Tuesday, January 7th, the raising of the financing limit to 90 percent of the property's value, up from the previous 80 percent limit.
In the midst of the real estate financing rate dispute in the country, the bank chose to resort to a new weapon: the option of providing a lower down payment, thus becoming the only institution in Brazil to work with a minimum ten percent down payment.
The new ceiling is applied to the Constant Repayment System (SAC), a model in which installments are adjustable and tend to decrease over . . .
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