Loan up to R$4,500 from CAIXA. Do you still have it in August? See how to order

The Federal Senate recently approved the temporary measure (MPV 1,107 / 2022), which creates new lines of credit for individuals and individual micro-entrepreneurs (MEIs). Amounts granted in microcredit from square his will rise.

However, for the new rules of service to enter into force, the text must have the approval of the President of the Republic.

Digital SIM card

The service is offered through the Simplification of Digital Microcredit for Entrepreneurs Program (SIM Digital) and has lowered the interest due to its method.

The goal is to facilitate access to credit for entrepreneurs who are excluded from the financial system and encourage the formalization of small businesses. The lines target individuals and companies operating in the market.

According to the approved text, the new microloan will amount to R$1,500 for individuals and R$4,500 for individual micro-entrepreneurs (MEIs). Until then, the available resources were R$1,000 and R$3,000 respectively.

Terms of Service

While the microcredit rules of square his Not updated, same terms still apply. paying off:

for individuals

• credit limit up to R$1,000;
• interest rate of 1.95% per month;
• Repayment term: up to 24 months;
• The order is submitted digitally directly through the Caixa Tem app.

For Legal Entities (MEIs)

• credit limit of up to 3 thousand Brazilian riyals;
• Interest rate: from 1.99% per month;
• Repayment term: up to 24 months;
• However, now the demand is only in agencies. However, Caixa has already informed that contracting will soon also be possible through Caixa Tem.

How to get a loan with Caixa Tem?

Moreover, it is important to note that contracting via square his Available, as of now, for individuals only. According to Caixa, developers are already working on authorizing the request for MEIs through the app.

In short, see how individuals should request credit through the platform:

1. download or update the Caixa Tem App;
2. make or update your registration in the application;
3. Click on “Credit Caixa Team”;
4. Click on “Hire Caixa Tem Credit”;
5. Tell us how you intend to use your loan money. Remember that it is necessary to inform you that you will apply the amount in some pledges;
6. loan simulation and selection of the amount of installments;
7. For those who do not have digital savings yet, the opening can be done immediately. There is no requirement for an additional fee to carry out the procedure;
8. Confirm the order and wait for the 10 days provided by the federal government.