Within two weeks, 20,000 para workers have hired a new payroll with an official deal, which provides less interest rates. According to information released by the Federal Government, between March 21 and April 3, within the Worker Credit Program, loans released in the state have $ 125 million. The average value of loans designated by Para is R $ 6,221.70.
The government -issued data also divided the loan payment 18 times, on average, each of these installments with an average R $ 350.50. There are 49,170 negotiations throughout the North, and the largest number of loans in the new payroll is Para.
National data
More than $ 3.3 billion loans from March 21 have been closed across Brazil. The average value is R $ 6,209.65 per worker. The average installments R $ 350.46, an average of 18 months.
The government guides the use of loans to prioritize expensive debt payment and recommend waiting 24 hours to select the best proposal for financial institutions. Labor and Employment Minister Louiz Marinho celebrated that “Worker Credit brings new credit culture and has been successfully consolidated every day, providing new banks, providing lower rates and reducing workers’ debts.”
President Luiz Inacio Lula Da Silva signed the temporary action created by the workers’ credit at Brazilia on March 12. To release the credit, financial institutions will look at the worker’s guarantees at work time, salary and loan request. Through the program, the worker can use up to 10% of the FGTS balance or 100% as a warranty, but there is also no guarantee.
Based on these standards, banks assess the risk and define credit release. The entire worker of the installments should not exceed 35% of the monthly income.
If you decide to cancel the debt, there will be seven calendar days since the credit was received to return the full amount to the financial institution. From April 25, it is possible to transfer the loan at low rates to another with high interest rates. Additionally, if you hire workers’ credit and then find a more beneficial offer in another company, the worker may also migrate to a new state.
Initially, this loan model is available exclusively on the digital work card. From April 25, all financial institutions can provide this credit through their digital platforms. This method provides services to domestic employees, rural workers and personal micro entrepreneurs (MEI) employees, which are not the other payroll loan associated with the same employment relationship.
