Check how high Selic affects loan interest.
Estimated reading time: 3 Minutes
Last Wednesday (15), the central bank decided to raise the interest rate (base rate Economie), which must continue to make credit and benefits, according to the National Association of Finance, Management, and Accounting Executives (Anefac). Selic rose from 12.75% to 13.25% annually.
Although the effect is eventually mitigated, due to the large difference in the base price and long-term effective interest, those who employ loans You will feel the consequences of monetary tightening.
The average annual interest for individuals will increase from 117.23% to 118.21%. For legal entities, the average rate will go from 56.57% to 57.29% per annum.
More expensive installments
With the new Selic, a consumer who finances a refrigerator worth R$1,500.00 in 12 installments will pay an additional R$0.38 per installment, i.e. an additional R$4.62 in the total amount. Those who use a R$1,000 overdraft for 20 days will pay an additional R$0.27.
When using a revolving credit card of R$3,000 for 30 days, the consumer will spend an additional R$1.20. One loan An amount of R$ 5,000 paid in 12 months, will have an additional value for each installment of R$ 1.24 and a total of R$ 14.82.
To finance a car worth R$40,000 in 60 installments, the consumer will pay an additional R$11.16 in each installment, for a total of R$669.47. Legal entities that obtain a working capital loan of R$ 50,000 for 90 days will pay R$ 24.93 for a discount of R$ 20,000 in commercial bonds for 90 days and another R$ 10,000 for twenty days of use. Escrow account.
According to simulations, savings yield more than money in two cases. The first is to apply up to six months into the funds at a rate of 2.5% per annum. The other situation is orders of up to two years on funds for an administration fee of 3% per annum.
The savings, although tax-exempt, yields only 6.17% per year (0.5% per month) plus the reference rate (TR), which increases when the Selic rate rises. This savings income occurs when the Selic rate is above 8.5% annually, which has been the case since December 2021.
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