Business

Will new banks RELEASE the Auxílio Brasil payroll loan?

The Auxílio Brasil payroll loan is being offered to program beneficiaries, with different banks offering different interest rates.

14 banks have already received approval from the Ministry of Citizenship to offer the Auxílio Brasil payroll loan. among them, four are already offering the service, Caixa, Pincred, Meu Tudo and Banco Pan. Other institutions decided not to work with the modality, while others did not comment. Check the banks with the release:

  • Federal Savings Bank;
  • Agibank Bank;
  • Crefisa Bank;
  • Daycoval Bank;
  • Pan Bank;
  • Safra Bank;
  • Capital Consig Direct Credit Society;
  • Financial Invoice;
  • Pintos S/A Credits;
  • QI Direct Credit Society;
  • Value Sociedade de Crédito Direto S/A;
  • Financial Zema;
  • Aspecir – Society for Credit to Microentrepreneurs and Small Businesses Ltda;
  • União Seguradora SA – Life and Pensions.

Aspecis Loans and União Seguradora were added to the list more recently, becoming new options for offering the service.

Banks that are offering the Auxílio Brasil payroll loan

There are four banks currently offering the Auxílio Brasil payroll loan:

The bank is allowing hiring by Caixa Tem, lottery houses and bank agencies. The interest rate at Caixa is 3.45% per month.

The institution is also offering the modality, with an interest rate starting at 3.39% per month. Hiring is done through the app.

It offers the lowest interest rate to date, at 2.89% per month. Hiring can only be carried out in person at one of the Pincred branches, located in the states of Maranhão and Piauí.

Banco Pan is finalizing the contracts made in pre-registration before opening the modality again.

Banco Safra, Facta Financeira and Banco Daycoval withdrew from the modality, even with permission.

Auxílio Brasil consigned loan rules

Beneficiaries of Auxílio Brasil can commit up to 40% of the base amount of R$ 400 of the benefit, equivalent to R$ 160, to pay the payroll loan in up to 24 successive monthly installments, which will be deducted directly from the aid.

Credit is being offered with an interest cap of 3.5% per month, but institutions may charge lower rates. The Ministry of Citizenship also defined that no other fee, such as the Credit Opening Fee (TAC) can be charged.

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