What Are Payroll Discount Loans?
The discounted loan, or consigned loan, has become one of the most sold modes by banks and financial institutions across the country. This is because this operation has a number of advantages, mainly for public employees, retirees and pensioners.
One of the facilities of this type of loan is that, as the name itself denounces, the installments are deducted directly from the contractor’s payroll. Therefore, the debt ratio is lower as well as interest rates, since the bank has more guarantees that the client will pay the debt without difficulties.
Any employee who works under the CLT scheme, that is, with a formal contract, can request the loan with a discount. There are no major constraints on values. What limits the credit is the monthly salary, since, by law, the installments can not exceed 35% of the net monthly income.
Those interested in taking a discounted loan should pay attention to the amount requested: installments can not exceed 35% of net monthly income.
How does it work and who can apply for this loan?
In addition to working with a formal contract, the employee must be in that scheme for at least six months to request the operation. Although the leaf discount loan is more offered to public servants, retirees and pensioners of the INSS, employees of private companies who have an agreement with the client’s bank, as well as members of the union of the category, can avail this type of loan.
If your company has an agreement, you only need to apply for the cash discount loan in HR. In these cases, a proposal is sent to the bank and, most of the time, it is approved, since the partnership guarantees the bank access to the payroll, which is necessary to obtain this type of loan.
In certain cases, the bank may reject the proposal sent by the company if it considers that the customer does not have good payment terms. This is because the installments can not commit more than 35% of the monthly income and the requested loan amount can not be higher than this percentage.
After approval, the loan amount is deposited in the current account and the following month, the installments are deducted from the employee’s payroll on the day agreed with the bank. It is important to take money into account on the scheduled date so you do not have problems.
Anyone who wants to, can also avail the loan directly at the bank, but financial institutions often give preference to contracts entered into in partnership with companies and unions.
In short, if you want to get a discount paperback loan, go to your company or your union to find out how you can apply for the deal.
What if there is a layoff?
Many consumers are afraid to take a discounted loan on the sheet and have problems if they are laid off. In these cases, even with one resignation, the risk of default is smaller compared to other lending modalities.
Under Brazilian law, when leaving a company and have a still active discount, it will be necessary to use up to 30% of the value of the rescission of the contract to pay the debt. Incidentally, this can be done directly by the company, which is linked to the bank, and the employee already receives the termination with this discount.
The risk of dismissal occurs more in the case of employees of private companies, since civil servants have jobs of greater stability and are rarely dismissed, and retirees or pensioners of the INSS also do not run the risk of having the benefit canceled by the Federal Government.
If the 30% of termination is not enough to pay off the debt, the rest of the installments must be negotiated between the bank and the dismissed official. In this situation, the transaction no longer implies sheet discount.
The contractor must pay the tickets monthly and, in case of complication, make a renegotiation of debts with interests no longer so lenient, since the bank no longer has the guarantee of a fixed job.
Who has a dirty name get a discount paperback loan?
For negatives getting a discount paperback loan can be a little more difficult. Even so, because salary is the main guarantee of the payment of the debt, the banks end up releasing the loan to those who have credit restrictions.
In the case of retirees or pensioners who have a dirty name, there is no problem, since the risk of not paying the debt practically does not exist. Therefore, there is no reason for the bank to deny credit.
If you have the negative name, before opting for the loan, assess whether you can meet the terms of the contract if you are fully able to take on that debt.
In some cases, after borrowing requests are rejected, people with a dirty name on the square end up resorting to relatives or friends with a clean name or who are already retired. And it is very dangerous to take a loan from someone else. The recommendation is to avoid this type of transaction.
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