O loan from Auxílio Brasil It is certainly one of the types of loan that many are in need of, especially in these recent moments that Brazil is going through. Furthermore, it has several advantages and functions that conventional loans do not have!
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What is the Auxílio Brasil payroll loan?
The Auxílio Brasil payroll loan is a loan category that can be very advantageous for some users. This is because the interest rate on a payday loan can be much lower than the rate on a normal loan.
This happens because each installment of the loan is deducted directly from each user's payroll. This way, it ends up being impossible for a customer not to pay each month's installment.
Therefore, with the payment of installments guaranteed by the Government, the bank feels more comfortable to provide better opportunities for each customer. Therefore, offering lower interest rates and longer payment periods. In the end, this ends up being much more advantageous for customers.
Who can apply for this payday loan?
Only some people can apply for the benefit of the aid loan, these people are: beneficiaries of Auxílio Brasil or any user who receives government benefits.
In other words, the people who can have access to this benefit are people who receive retirement, Auxílio Brasil and public employees. Like this, each installment of the loan can be deducted directly from your payment.
Also read: how to invest your FGTS in Eletrobras? Check it out here
What is the maximum value of the Auxílio Brasil loan?
The amounts of each loan may vary slightly from person to person. This happens because the installments will always be taken in full from the payroll. Therefore, this ends up limiting people from taking out loans with installments larger than their benefit salary.
So, to speak in numbers, the maximum amount you can borrow is always will be up to 40% of your benefit. In other words, if you receive R$ 1600.00 in aid, your loan can be in installments of up to R$ 640.00 per month.
Thus, every month until the installments end, R$ 640.00 will be deducted from your account on the day of payment. Therefore, preventing you from not paying the amount for forgetting or not having money.
What is the interest rate?
The interest rate is considered very low compared to other types of loans you can take out. In the grave, the rate will vary from 2.14% and 3.06% per month. Which is great compared to other loans.
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