Can I withdraw my money from Infonavit if I am 35 years old?

Can I withdraw my money from Infonavit if I'm 35 years old? If you're 35 or older and want to withdraw your money from Infonavit, read the text.

Can I withdraw my money from Infonavit if I'm 35 years old?

Yes, you can withdraw your money from Infonavit if you are 35 years old. Starting in 2023, Infonavit offers a new program called "Retirement Credit," which allows workers 35 years of age or older to withdraw up to 95% of their accumulated balance in their housing sub-account.

To apply for the Retirement Credit, you must meet the following requirements:

How do I withdraw my money from Infonavit if I'm 35 years old?

To withdraw money from Infonavit at age 35, you'll need to complete a few steps. First, you must verify if you're eligible for a refund from Infonavit.

To do so, you can access the Infonavit Portal and check the accumulated amount in your account.

Once you've confirmed your eligibility, you can begin the refund request process.

This can be done by contacting Infonatel, Infonavit's telephone service, or by visiting an Infonavit branch in person.

They will provide you with the necessary information and guidance on the refund process.

See below for a step-by-step guide to applying through the institution's website:

Sign in with your account.
Select the “Withdrawal Credit” option.
Complete the application form.
Upload the required documentation.

The documentation required to apply for the Retirement Credit is as follows:

Valid official identification.
Proof of address.
Housing sub-account statement.
Proof of not having current credit with Infonavit.
Proof of not having a mortgage loan with another financial institution.

The amount of the retirement loan is calculated based on the accumulated balance in the housing subaccount. However, the maximum loan amount is 500,000 pesos.

The repayment term for the Retirement Loan is 10 years. The interest rate is 61% to 3% per year.

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How can I withdraw my savings from Infonavit?

There are several ways to withdraw your savings from Infonavit. One option is to apply for a mortgage to buy a new home.

In this case, the amount accumulated in your Infonavit account can be used as a down payment for the new residence.

Another option is to request a cash refund.

You may receive the accrued amount, but it's important to note that taxes and other deductions may apply depending on the purpose of your refund.

How do I know if I have a refund from Infonavit?

To find out if you're eligible for a refund from Infonavit, you can check the Infonavit Portal.

There you can check your accumulated account balance and determine if there is any amount that needs to be refunded.

Additionally, it's always advisable to contact Infonatel or visit an Infonavit branch for more detailed and personalized information.

What are the benefits of withdrawing my money from Infonavit at age 35?

In addition to clarifying whether it is possible withdraw money from Infonavit at age 35, it is important to understand the benefits of doing so at this stage of your life.

Withdrawing your savings from Infonavit at age 35 can open up new opportunities and give you greater flexibility.

You can use these funds to invest in other areas of your life, such as starting your own business, making an additional investment, or even pursuing higher education.

Plus, you don't have to pay monthly installments, since the loan is repaid in a single installment and you don't need a guarantor.

Is there a penalty for withdrawing my money at age 35?

While it's possible to withdraw money from Infonavit at age 35, it's important to keep in mind that certain conditions may apply.

For example, if you decide to withdraw your savings before retirement age, you may be subject to additional taxes or penalties.

These penalties may vary depending on the amount withdrawn and the policies in effect at the time of the request.

Therefore, it's essential to understand the financial implications of withdrawing money from Infonavit before making a decision.

How can I request a cash refund?

If you want to request a cash refund of your Infonavit savings at age 35, there are certain steps to follow.

First, make sure you meet the established requirements and have the necessary documents available, such as official identification and current proof of address.

You can then go to an Infonavit agency to request a refund in person or start the process online through the Infonavit Portal.

How long does the refund process take?

The processing time for reimbursing your Infonavit savings at age 35 may vary.

Infonavit is working to streamline these processes and provide timely responses.

However, it's important to keep in mind that factors such as workload, documentation, and compliance requirements can influence the overall process time.

For a more accurate estimate, we recommend contacting Infonatel or consulting the Infonavit Portal for current processing times.

In what other situations can I withdraw my money from Infonavit?

These are some of those situations:

RetirementWorkers who retire at age 65 or older can withdraw their housing subaccount balance to supplement their income.

DisabilityWorkers who are unable to work for more than 5 years can withdraw the balance from their housing sub-account to cover their treatment or expenses.

Death: The heirs of a deceased employee can withdraw the balance from the housing subaccount to cover funeral expenses or divide it among themselves.

In addition to these situations, Infonavit also allows withdrawals of the housing subaccount balance in the following cases:

Serious illness: Workers diagnosed with a serious illness that prevents them from working for more than 12 months can withdraw the balance from their housing subaccount to pay for their treatment.

Debt paymentWorkers who have debts with Infonavit can withdraw the balance from their housing subaccount to pay off those debts.

Purchase of landWorkers who wish to purchase land to build their own home can withdraw the balance from their housing sub-account to bid on the land.

To request a withdrawal from the housing subaccount balance, the employee must meet the specific requirements of the applicable program or situation.

The required documentation also varies depending on the program or situation.

It's important to note that withdrawing the balance from the housing subaccount can have a negative impact on the worker's retirement.

Therefore, it is important to consult a specialist before making a decision.

Conclusion

If you're 35 or older and want to withdraw your money from Infonavit, the Retirement Credit is an option you should consider.

This credit allows you to obtain a significant amount of money that you can use to make any type of expense.

publishing February 25, 2025

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