O construction consortium is an alternative designed especially to help those who wish to build their own home or renovate, as these procedures normally require substantial financial resources.
Fortunately, today there are numerous financial institutions that offer this service to customers, all you need to do is explore the options available to hire the one with the best conditions.
In this article, we will explore what this type of consortium is, how it works, its main benefits and where you can hire it, so continue reading to find out more about the service that can help you make your dream come true.
What is a construction consortium
O construction consortium is a type of group credit, where a number of people come together with the common objective of acquiring construction-related goods, such as materials, labor or even ready-made properties.
This group of people, called consortium members, contributes a monthly amount established in the contract, forming a common fund that is used to cover one or more participants through a draw or bid.
Often, this type of credit is more advantageous than financing, for example, as the conditions are more favorable and there is no interest rate.
How construction consortium works
The operation of the construction consortium It's relatively simple. Firstly, it is necessary to find a reliable consortium administrator, who will be responsible for managing the entire process.
After choosing the administrator, anyone interested in participating in the consortium needs to purchase a share, which represents their share in the group. With the group formed, consortium members begin to pay their monthly fees, which will be used to cover participants throughout the period established in the contract.
Contemplations can occur in two main ways: draw or bid. In the draw, all participants compete equally, while in the bid, consortium members have the opportunity to anticipate their selection by offering a higher bid than the others.
Main benefits of the service
O construction consortium It presents a series of benefits that make it an attractive option for those who want to invest in this sector:
- Financial planning: the monthly installments of the consortium allow for more efficient financial planning, without compromising the family budget;
- Absence of interest: unlike traditional financing, the consortium does not charge interest on the total value of the credit, which makes the investment more accessible in the long term;
- Flexibility of use: credit obtained through the consortium can be used in different ways, from purchasing construction materials to purchasing a ready-made property;
- Possibility of anticipation: the bidding modality offers the opportunity to anticipate contemplation, enabling the consortium member to acquire the desired asset more quickly;
- Security: the consortium is a service regulated by the Central Bank of Brazil, which guarantees security and transparency to the process.
Where to hire a consortium to build a property
There are several financial institutions and consortium administrators that offer the service of construction consortium. Some of the best known on the market are:
- Rhodobens: recognized for its experience and solidity, Rodobens offers consortium options for construction with different credit ranges and flexible terms;
- Itaú: Itaú offers construction consortiums with attractive conditions, allowing the customer to choose the value of the letter of credit and the payment term that best suits their needs;
- Santander: with a wide network of branches across the country, Santander offers construction consortiums with competitive rates and credit options that adjust to different customer profiles;
- Caixa Construction Consortium: Caixa Econômica Federal is one of the main financial institutions in the country and offers construction consortia with special conditions for customers.
How to simulate and hire
To simulate and hire a construction consortium, simply contact the administrator of your choice or access the institution's website. Generally, it is possible to simulate different scenarios, adjusting the value of the letter of credit and the payment term according to your needs.
After the simulation, you will be able to continue hiring, filling out the necessary forms and providing the documentation requested by the administrator.
Once your participation is approved, you will begin paying the monthly installments and will be eligible to compete for awards.
Final considerations
In summary, the construction consortium It is an excellent alternative for those looking to carry out construction-related projects in a planned, economical and safe manner.
By opting for this modality, you will have the opportunity to achieve your goals without compromising your finances and with the guarantee that you are dealing with a regulated and reliable form of investment.
See how it works Magazine Luiza Consortium!