Payroll personal loans facilitated – There are numerous proposals every day on how to have personal loans for retirees and pensioners. Whether it’s TV, magazine, newspaper, loan company websites or leaflets, it has now become much simpler to get retired loans in any situation.
Whether it is to remodel the house, take a trip or an emergency, paycheck-deductible personal credit is one of the first decisions to make for any personal or family project. For this reason, financing for retirees and pensioners is always the most requested.
In this article, you’ll see how to get a paycheck-deductible loan, how financing works, how to do it, what the payroll loan interest rate is, and what are the best ways to pay it off. Let us understand what advantages, differences and better conditions to apply for a loan.
Paycheck-deductible personal loans – what is it?
You’ve probably seen this term in TV commercials or newspaper ads, which show the terms of this type of credit. Payroll-deductible loans are one of the credit modalities with the lowest interest rates in the market and payable for up to 72 months – six years.
Check all about the personal loans payable to INSS retirees and pensioners
This type of loan is granted to retirees and pensioners of the INSS. By having less interest than a personal loan, this is the biggest advantage of hiring retiree financing and indicated for those who need to cover some financial emergency. In addition, it is the safest type of retiree loan, since it guarantees that there will be no overdue installments, since the amount of the loan for retiree and pensioner is deducted directly from the benefit, before falling into the account.
How Payroll Credit Works
In this type of loan, the applicant gets the money as soon as approved by the financial institution that will release the personal credit for retiree . You will only pay later and in installments that are in accordance with what was negotiated with the financial representative.
In this type of payroll deducted personal credit, the value of installments is automatically deducted from the benefit, be it retired or INSS pensioner. That is, as soon as the day comes to receive retirement or pension money, the value of the loan has already been deducted from the benefit.
Total Requested (Amount in R $)
Interest Rate (per month)
Advantages of applying for credit for retirees
When it is desired to request a payroll loan application for retirees or pensioners of the INSS, the value of personal credit is calculated based on the amount of benefit that the pensioner and retiree receive. The main advantage of applying for a loan for retirees is to be able to fulfill those desires that you have long dreamed of, such as renovating the house, taking out some debts or financing a car.
What’s more, by being assured that repayments of loan installments will not be delayed, banks and financial institutions often offer more interesting conditions to people who meet these requirements. In this way, they can offer lower interest rates and longer payment terms – up to 72 months, that is, six years.
How To Make a New Payroll Loan
Nowadays, it has become much easier to make the first INSS payroll loan for retirees and pensioners. After the creation of Law 10.820, which allows the beneficiary to have the direct discount on the value of retirement. In cases of personal or consigned credit, they have more advantages when buying money with lower interest rates and ease of lending.
In addition, there are three modalities that allow the assignment of credit for retirees and pensioners, with the best interest rates and financial agreements.
1 – Direct discount on the value of retirement – The value of the payroll loan is deducted directly from the benefit of the INSS retiree and pensioner. The Paying Agency itself discounts the value of personal credit and transfers it to the financial institution.
2 – Transfer of the benefit amount to the financial institution – The amount of the installment is withheld by the INSS, according to Law 10,953 / 2004, which authorizes the INSS to pass on the full amount of the monthly pension benefit, whether retired or pensioner, and the INSS retains the value of the discount.
3 – Payroll credit card – Payroll loans for retirees and pensioners with a credit card are intended for pensioners and retirees. All transactions carried out with the card are presented in the monthly invoice, which shows the amount discounted in the beneficiary’s paycheck.
What is the Interest Rate on Payroll-deductible Personal Loans
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According to a report in the Jornal Now, the Federal Government announces a reduction in the maximum interest rate charged for payroll loans. For retirees and pensioners, monthly interest rates fell from 2.14% to 2.08%.
This rate was reduced to accompany the Selic rate, the basic interest rate of the economy, and also to stimulate the granting of loans to retirees and pensioners. However, before making any type of payroll, it is important to consult the bank that works with the lowest interest rate.
How To Pay Off Payday Loans
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Taking out a consigned loan is not difficult. Just look for the financial one in which you have applied for your loan and tell us that you want to pay the remaining installments of your personal credit. It is also possible to renew or sell the debt, there are banks that buy loans, and it is still possible to pay off the credit.
In this way, the bank will issue a ticket with the total amount of all the remaining installments to repay the loan. What is the advantage? The interest, which would be charged in the remaining installments, will not be charged.
What’s more, anticipating the payment is a right of yours, guaranteed by the Consumer Defense Code and guaranteeing the interest discount. No other additional fees may be charged for this. How to calculate or simulate the amount for discharge of the payroll is possible with the Customer Service Department (SAC) of your bank.