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OR consigned loan It is aimed at retirees and pensioners of the National Institute of Social Security. Several banks offer this type of credit, which automatically discounts the bill on the profit. However, fees may vary by institution, as long as the maximum is up to 1.80% per month.
The insured can commit up to 30% of his income with payroll loans. Due to the new coronavirus pandemic, the INSS expanded the consignable margin 35%. However, only during the state of public calamity, that is, on December 31, 2020.
The interests of this type of credit are lower compared to personal loans. However, as rates vary from bank to bank, it is important to check which option is the most advantageous. With this in mind, the Edital Contests compared the fees charged by nine institutions They offer payroll loans. Check out:
- Santander: 1.42% monthly;
- Caixa Econômica Federal: 1.51% per month;
- Banco do Brasil: 1.58% per month;
- Done: 1.62% per month;
- Bradesco: 1.66% monthly;
- Agiplan / Agibank Group: 1.68% monthly;
- Banco Pan: 1.74% monthly;
- BMG: 1.76% per month;
- Itaú: 1.79 per month.
Which bank offers the cheapest loan?
The institutions were listed according to the fees charged. That is, whoever is at the top of the ranking offers lower rates. Although the differences seem small, they can greatly affect the final value of the payroll loan.
For example, if the insured contracts a loan of R $ 5,000 with Santander, which has the lowest interest rate (1.42% per month), after two years they will pay R $ 5,935.44. That is, an increase of R $ 935.44 in value.
If you choose to take out a loan of the same amount in Itaú, which has the highest interest rate (1.79% per month), you will spend R $ 6,194.64 after two years. In this case, the increase was R $ 1,194.64. This reveals that by opting for the bank that charges the lowest rate, the insured can save up to R $ 259.20.
It is worth mentioning that one of the ways to have control over the total amount of the loan is to request the Total Effective Cost (CET). Through this document, the insured has access to all important payroll amounts, and it is easier to compare with other institutions.
Online payroll loan
Those who wish to adhere to this type of credit can use the bxblue website. On the page it is possible to compare the rates of payroll loans in various banks and hire the service 100% online.
Bxblue also offers an online payroll loan simulator to check how much the insured can borrow based on the margin to pay. However, the reported rate is a base amount, so the costs and terms of the loan may vary depending on the bank or financial institution chosen.
See more: Find out when INSS payroll credit portability pays off
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