The Federal Government announced that the beneficiaries of Auxílio Brasil had an extension of the deadline for loan consigned. Now, this modality, which was previously aimed only at INSS retirees, will contribute to more than 17.5 million families enrolled in the program.
Since March, the Federal Government has announced benefits for this program. However, after more than a month since Provisional Measure 1106/22, there is still no date for the release of this line of credit. However, knowing the procedure is essential to make the request.
Check out: how to declare cryptocurrencies in income tax, Check now
While the Ministry of Citizenship, the body responsible for transferring the funds, needs a response from financial institutions to define the method of distributing this credit to the beneficiaries. In this case, the value of the loans will be deducted from the value of the aid by the banks themselves.
Auxílio Brasil: benefit for consignees
To be able to take out the loan, beneficiaries must wait for issues to be resolved by the Ministry of Citizenship. Therefore, there are few details about this new benefit, which even allows for a payroll credit card. This aspect concerns the discount margin for the payroll benefit.
Due to the fact that the debt is guaranteed to be repaid, these loans have lower interest rates for applicants. Therefore, it is a great alternative for beneficiaries who need money and do not want to pay high interest rates.
How to apply for this loan
To be able to request this benefit, you must access government platforms. One suggestion is to use the app Caixa has to be able to request this, just one of the loans that will exist for beneficiaries of Federal Government social programs. But so far there is no official resolution on how to request it.
However, there are some details that have already been released by the Public Ministry detailing the amount that will be made available on loan. In short, beneficiaries will be able to claim approximately up to 40% of their monthly income. Above all, the mission behind these loans is to promote the national economy.
Read also: Elon Musk buys Twitter, Find out how much the billionaire will pay
With this loan, around 50 million people will benefit. Remembering that this number is restricted to the group of beneficiaries who fit the profile for access to the new loan from the Federal Government.
Other payroll loan alternatives
As previously stated, this benefit can be advantageous when compared to common loan types. This is because this loan has a direct discount on the applicant's salary or benefits. Therefore, knowing other alternatives to this loan can be positive.
Among the alternatives to this loan for Auxílio Brasil beneficiaries is the loan for formal workers. In addition, there are loan types for retirees, pensioners and public employees.
The ideal is to consult the bank branch itself to find out what possibilities are offered, depending on your credit profile. Remembering that the ideal is to have a “clean name” at the IRS to be able to count on the ease of these credit lines.
Is it worth applying for a payday loan?
Relying on credit can be both good and bad for those who apply for it. This is because without proper planning, loan money can end up being a villain for the budget. Therefore, it is important to check the interest rates, risks and circumstances.
For example: as the payroll loan is deducted directly from aid or salary, it can end up being harmful for those who lose their jobs. Since formal workers request this benefit, it is important to remember that in the event of dismissal, the loan must be fully paid off.
Furthermore, analyzing your own circumstances to determine whether or not it is necessary to request this benefit is essential. After all, the loan is a debt that can cause risks to your finances if it is not well planned. But in the case of Auxílio Brasil beneficiaries, it is worth requesting this loan.
Check out: how to make feijoada, Check out these simple tips
