The new rules start in January

Payroll is the type of loan most used by retired, INSS retirees and public servants. Those who use this type of credit should be aware that the new rules will start to apply from January 1, 2022. For those who need this type of extra money on more advantageous terms, they only have until Friday (31) to request it.

See changes from 2022

From January, there will be a change in the depositable margin, which is currently 40% and will go back to 35%. Today, when you apply for a payroll loan, you have a 40% limit, therefore, the insured can commit 35% of his income for the loan and another 5% for the credit card.

From next year, the cap will be 35%, and retirees can commit 30% of their income to apply for a payroll loan and another 5% to a credit card.

Know that there may also be a change in the number of installments in the contract. According to Law No. 14131 which increased the margin to 40%, it allows payment in installments over seven years (84 months), however, this rule is no longer valid as of December 31, 2021.

The rule practiced by the National Institute of Social Security (INSS) is a six-year (72-month) premium payment, which must come into effect on January 1.

The grace period will also change, with the current 120 days granted by banks and financial institutions for new and old contracts deductible from payroll.

This type of grace period is optional, the bank needs to be approved in order to pause payment. So, after December 31 of this year, you should check if the bank still offers a 120-day grace period, also keep an eye on if you start paying by the time you meet that period if there is no interest or some kind of The change in the contracted value.

What is a payroll loan?

It lend More commonly used by retirees, retirees, public servants and formal contract workers, as it offers more flexible and attractive terms, such as lower interest rates and longer payment terms.

Payroll allows the person to pay the premium amount through automatic deduction, directly on the paycheck or in the INSS feature.

Who Can Hire Payroll?

retired and retired INSS;

public officials (federal/SIAPE, state and municipal);

members of the armed forces; And

private company workers.