Government changes rules for payroll loans
The INSS (National Institute of Social Security) published the regulations for changes to the rules for payroll loans for retirees and pensioners, valid for the state of public calamity, declared in Brazil until December 31st.
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Therefore, it is now possible to unlock loans for consigned loans within 30 days after the benefit is granted.
According to the INSS, the benefit is unlocked through pre-authorization, which is a necessary instrument for accessing the insured's personal data and formalizing the contract. This procedure is also done online.
In this way, financial institutions or social security entities may grant a grace period to begin discounting the first installment of the social security benefit, for the payment of credit in the retention and consignment modalities, within a maximum period of 90 days, counting from the effective date of the contract.
Furthermore, the new rules allow the limit granted on the credit card for the payment of these expenses to increase from 1.4 to 1.6 times the monthly value of the benefit.
Therefore, for each R$ 1,000,000 of the benefit, the retiree or pensioner may carry out operations of up to R$ 1,600.00.
Payroll loan in up to 30 days
See what changes with the regulations for granting payroll loans:
- The maximum available limit increases from 1.4% to 1.6% of the monthly benefit amount, as mentioned above. Unlike other measures, this one will be valid for life;
- After deductions for taxes and other contributions, the debt limit is 35% of net salary;
- The procedure for releasing the credit assigned to the insured is done online, upon presentation of an identification document and a digitalized authorization form;
- The benefit is unlocked through pre-authorization, so that the insured's personal information is available and the contract is then formalized;
- Regarding the grace period for the discount of the first installment of the payroll loan, financial institutions and pension entities may offer, for the payment of the loan in the retention and consignment modalities, a maximum period of 90 days, counting from the start date of the contract.
See here: Caixa Loan of R$100 thousand without consulting SPC/Serasa.
