Auxílio Brasil is a Federal Government program that aims to help cover the main expenses of low-income families in Brazil. From it, it is possible to benefit in different ways. One of the modalities that the program currently makes available is the payroll loan. According to the president of Caixa, Daniella Marques, the function will be available to its beneficiaries from the 15th of October.
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Consignment will be available in one week
During a press conference, Daniella Marques, the current president of Caixa Econômica Federal she announced that the loan will be available for contracting at the bank from the 15th of October.
“Consignment will probably be available around the 15th of October,” she said while presented Caixa's new program – Você no Azul – which aims to help renegotiate debts.
Daniella also pointed out that Caixa will make the function available with interest below 3.5%, which was the number set by the government. Therefore, this will be the lowest rate on the market. The bank had been studying a lot about the implementation of this new modality with interest never seen before in the financial market.
The institution is now aligning the final details of the new role with the government's technical team. The bank's president also points out that this new benefit from the Auxílio Brasil program was the way that Caixa found in order to be able to help and make it easier for customers to settle their debts.
This modality comes with other advantages
“If we take a credit card debt, for example, it is probably more expensive than the payroll loan” said Marques. She also revealed that, by making use of the Payroll Aid, the customer will be able to “replace” a more expensive and less advantageous debt with a more affordable one.
This is because after the agreement reached between the parties, the beneficiary's debt will be settled with the money from the loan, so he will be able to pay it back to Caixa with discounts being made directly on receipt of the benefit. So after the contract is signed, the government will deposit the adjusted amount – after make the payment to the bank, according to the installments provided for in the contract - in the families' account assisted.
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