Loan can be useful in various situations, whether when negotiate a debt or make a dream come true. In this sense, the National Social Security Institute (INSS) can help you a lot with the ''consigned'' modality.
In March this year, the National Social Security Council approved a change that could help INSS beneficiaries. Thus, the interest ceiling on the payroll loan will decrease. So, this option became even better.
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According to official data from the Ministry of Economy, in 2021, more than 70% of families in the country had at least some debt. Debts come from different categories, such as loans, payments, bills, among others.
In cases like this, many people wonder if it is really worth taking out a loan. In general, this option can be very positive, especially when you exchange a larger debt for a smaller one, using the loan amount.
Advantages of the INSS payroll loan
There are different types of loans that banks and financial institutions offer. With the ''consigned'' option, the beneficiary receives the amount and, every month, the institution deduct installments directly from your current account.
In recent years, thousands of people across Brazil have experienced financial problems. This involved the increase in debts related to loans, as we already mentioned. Thus, the government sought measures to help Brazilians get out of this situation.
The first change was in the interest rate for INSS payroll loans. This value was 2.08% and became 1.80%. Another improvement was in the maximum installment limit.
Now, INSS beneficiaries will be able to pay the amount in up to 84 installments. Previously, the maximum was 72 installments, which made payments easier. This way, it will be possible to pay off the loan in up to 7 years.
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The time for paying the first installment has increased to three months, that is, 90 days. Therefore, it is very important that people who are thinking about choosing this option understand When is the right time to request it?.
When is the best time to apply for a loan?
Just like any movement in finances, you need to choose the INSS ''consigned'' option very calmly. For example, people who have less advantageous loans, can seek portability.
According to Reinaldo Domingo, president of the Brazilian Association of Financial Educators, this is a great way to reduce debt. Retirees or pensioners can change rates and deadlines for your payments.
Even more, with the intention of growing the country's Gross Domestic Product, the government decided to increase the margin of payroll loan for pensioners for 40% of the salary. The changes are in Normative Instruction 131.
To obtain this option, the documents that INSS requests are the following: ID, CPF, proof of residence and payslip or program user number. Furthermore, it is necessary to be aware of who will be able to access these values.
Who can receive it?
Just retired people or pensioners from the National Social Security Institute will be able to access to the assigned value. But there are also other important rules that interested parties should consider.
Only pension or retirement holders can apply for a loan. If there is a legal representative of the holder, with documents that prove this, he will also be able to make the request.
The rules for consignment also explain that the prosecutor cannot request it. So, that person will not be able to place the order. Therefore, it is necessary to adjust to these measures.
People who are on the Continuous Payment Benefit, that is, BPC/Loas, will also be entitled to this benefit soon, according to the government.
Now that you've seen all the advantages of the INSS loan, just analyze very carefully whether or not your situation fits the rules. For more information, visit the official INSS website.
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