In March, the federal government announced some novelties, including the extension of a payroll loan for Auxílio Brasil beneficiaries. The credit, which was only available to INSS retirees, can now also be granted to those who receive the Benefit of Continued Benefit (BPC/LOAS), paid to the elderly over the age of 65 and also people with disabilities and low income.
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The amount of income that can be committed to the loan is up to 40%. Auxílio Brasil participants will still have to wait for technical questions from the Ministry of Citizenship before contracting. According to the folder, all beneficiaries receive at least R$ 400 per installment of the aid, which are paid according to the final digit of the Social Registration Number (NIS).
The amounts began to be deposited in the beneficiaries' accounts on November 17, the same date as the government used to release the last installment of the Emergency Aid, implemented due to the pandemic. Currently, 17.5 million families are being served by the program.
What is the margin?
The financial institution cannot deduct from the benefit more than the limit established by the margin. For example: in a monthly net income of BRL 2,000, the highest possible amount to be deducted, according to the assignable margin, is BRL 700.
The payroll credit card has the same function as a traditional one and is used to pay for commercial products and services. The distinction is that, in payroll, the amount of the invoice may be automatically deducted from the payroll, as long as it is limited to the consignable margin. INSS retirees and pensioners will be able to apply for this type of loan, as well as formal workers and public servants. In the latter cases, deductions come directly from wages.
Fees
Payroll loans have the lowest interest rates on the market due to the low probability of default, as the discount is made directly from the insured person's payroll. Therefore, it becomes a much more advantageous option for those who need a loan.
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