Chileans Seeking Homeownership: โขHousing Savings Account Nowโ Key to Subsidy Access
SANTIAGO -โ Aspiring homeowners in Chile now face a critical first step in securing government housing assistance: opening a dedicated home โขsavings account. BancoEstado, the โขnation’s โlargest bank with over 16 million customers, is aโฃ primary avenue forโค establishing these accounts, whichโข are increasingly essential for qualifying for housing subsidies. The โฃrecent emphasis on โขthese accounts streamlines the request process for vital financial aid programs.
These subsidies – โincludingโข the Housing Subsidy โand the General Territorial Interest Subsidy – are designed to make homeownership more โattainable โfor Chilean families.โค Previously, application pathways were more varied. Now, possessing โa qualifying savings account is a foundational requirement, impacting a significant portion of theโฃ population seekingโฃ affordable housing solutions. The move aimsโ toโ simplify the process andโฃ ensure applicants demonstrate a commitment โto savingโฃ for their future homes.
BancoEstado outlines fourโฃ core requirements for opening aโ home savings โaccount: applicants must be individuals overโฃ the age of 18, not currently hold anotherโค housing savings account within theโ Chilean financial system, andโฃ make โan initial deposit of at least 0.5 UF (Unidad โde Fomento,a Chilean inflation-indexed โunit of account).
The process is readily accessibleโข through the BancoEstado mobile application. Users โคcan download the โคapp or log in to an existing account, select the “Open Account” option,โ choose “Home Savings โAccount,” and initiate โthe โคprocess โขwithโ aโ minimum โฃdepositโค of $5,000 Chilean pesos. โ
establishing a home savings account is โnow considered a basic prerequisite forโ accessing the primary โhousing subsidies available in Chile, solidifying its role asโ a cornerstone of โขthe โnation’s affordable housing initiatives.
