If you are thinking of applying for a payroll loan in 2022, it's best to pay attention to changes in the request rules. This is because this type of loan, whose installments are deducted directly from the payroll, has had changes due to the pandemic that will no longer exist.
Read more: Which banks offer loan for MEI? See online microcredit options.
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This is the case of the assignable margin, which during the years 2020 and 2021 became 40%, and now in 2022 it returns to the original 35%. It is worth mentioning that, in this percentage, 30% refer to the payment of personal loans and 5% to withdrawals and related expenses.
What else has changed?
As already mentioned, with the pandemic, a Provisional Measure was drawn up that increased the assignable margin to 40%. However, contrary to what many wanted, the MP was not renewed, and the last day to take advantage of this limit was December 31, 2021.
However, it was not just the margin that changed with the non-revision of the MP, and some factors will require the loan contractor's attention. For example, the possibility of suspending the installments of new contracts, which was available during the pandemic, is no longer mandatory.
Therefore, when going to the bank to apply for a payroll loan, be alert when signing the contract. Ask if there is a possibility to temporarily suspend payment, usually for four months, if necessary.
Changes in the number of installments
Another change that arrived this year concerns the number of installments that the worker could dispose of to pay the debt. Thus, for those who took out the loan until December 31, 2021, there was the possibility of paying the debt in up to 84 months (7 years).
However, for new contractors, the maximum number of installments is now up to 72 months. In other words, the term to repay the loans was reduced to 6 years. It is also worth noting that there was a significant increase in the interest rate on payroll loans, which rose from 1.805 to 2.14%.
Were you aware of all these changes? So take the opportunity to send this article to your friends, so that more people can find out!