For those who need some extra money, Caixa Econômica Federal can help with the loan of 1 thousand reais. The bank announced the new Caixa Tem, but, there are some rules for the service and not everyone will be able to withdraw.
The loan is exclusively for people to undertake or work as self-employed people, in other words, it is to boost a business. Furthermore, the money is not to be used to pay the monthly bills or be spent on household items.
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What is a Caixa Tem loan?
CEF announced this service in March this year to help people who want to open a business or maintain the stock of an enterprise. The target audience is people who can work with product sales and informal activities.
If a worker wants to buy a bicycle for deliveries or sells candy on the street, you can apply for the loan. But, if you don't fit these rules, you can ask for a common loan with lower interest rates at Caixa Econômica Federal.
How to request the benefit?
You need to download the Caixa Tem app from the app store to android or iOS. Then, click on “Crédito Caixa Tem”, and confirm whether the money will be used for business or for other purposes.
If you click on “Others”, the system will direct your request to common Caixa Econômica loans. But, If the user informs that the money is their own business, the order will advance to the other steps until completion.
The loan is called “Digital SIM – Caixa Tem Loan”. Caixa Econômica informed that the Caixa Tem application is updated to respond to requests from people interested in requesting money for their business.
Who can apply for the loan?
So, only informal and self-employed entrepreneurs can apply for this loan through the Caixa Tem app. If you are an Individual Micro Entrepreneur (MEI) and need the money, you can go to a CEF branch and check the available services.
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However, if you are looking for another line of credit for your company, You should look for Caixa to find out which product fits your needs. However, there may be some loans with higher rates depending on what you need.
The release of the Caixa Tem loan is not automatic and follows the rules for analyzing applicants' requests. Once approved, the money goes into digital savings, but, the person must update the registration before requesting the money.
Therefore, the entrepreneur will not be able to apply for the loan if he has debts above R$ 3 thousand. However, it is worth informing that real estate financing does not prevent the person from asking for money, but attention must be paid to the registration information.
How is the order analyzed?
Caixa Econômica Federal analyzes the payment capacity of people who requested the loan and their credit history in the market. Therefore, if the request is denied, the entrepreneur can redo the information and correct errors in their personal registration.
The money is released within ten days and if the person pays the installments on time, they will have greater credit on other orders with Caixa. Therefore, it is important to keep payments up to date to avoid financial problems.
Entrepreneurs who want to boost a business will be able to apply for the new loan from Caixa. The money is not for paying bills and other people can resort to common Caixa Tem loans with rates lower than 3.99%.
When registration with Caixa Tem is correct, payment of one thousand reais will be authorized. The first stage is automatically approved and, if the applicant meets the bank's requirements, they will benefit from digital savings.
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