As of Monday (10), the Brazil loan May be granted by 12 banks authorized by the Department of Citizenship. This process, also aimed at those receiving BPC (Benefício de Prestação Continuada), allows citizens to deduct loan installments directly from the source that pays social benefits, on a monthly basis.
Banks calculate that this lending model has a lower risk of default, which causes interest rates to tend to be lower. However, it is essential to pay attention to the prices offered at the time of hiring, to avoid ending up in debt.
Ask your questions about the Auxílio Brasil loan below:
It is a type of loan that allows recipients of federal government assistance programs, such as Auxílio Brasil (PAB), to deduct loan installments contracted with financial institutions authorized by the Ministry of Citizenship from their benefits.
Premiums are deducted directly from the benefit every month at low interest rates. This initiative is part of the Income and Opportunity Program, launched by the federal government to promote the resumption of employment and the country’s economy.
The loan can be submitted by the family in charge of the Auxílio Brasil family directly at financial institutions authorized by the Ministry of Citizenship. The loan installment can be up to 40% of the benefit amount. The payment will be deducted monthly, directly from the family allowance.
Responsible family members receiving the Auxílio Brasil Program and Continuing Cash Benefit (BPC) holders.
no. Only those who want to request the contract from the financial institution. No institution may compel the beneficiary to conclude any contract.
At any financial institution authorized by the Ministry of Citizenship as described below: Caixa Econômica Federal, Banco Agibank, Banco Crefisa, Banco Daycoval, Banco Pan, Banco Safra, Capital Consig Sociedade de Crédito Direto, Facta Financeira Crédito,
Pintos Créditos, QI Sociedade de Crédito Direto, Valor Sociedade de Crédito Direto, Zema Crédito
The loan offered in the benefits of the Auxíio Brasil program can be carried out in installments of up to 24 months.
The maximum allowable interest rate for a loan assigned to the Auxílio Brasil Program is 3.5%. However, every financial institution can adopt rates lower than this. You can research this rate with institutions to see what is the best proposal for you.
The premium amount is automatically deducted from the monthly amount paid to benefit during the term of the contract.
Latest News: Brazil’s Auxelio Loan
This story was last updated on October 9, 2022 8:10 PM
October 9, 2022 20:10
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