In addition to the many advantages that work as a municipal civil servant already offers, such as stability and readjustments, one of the most interesting is having the right to make the payroll loan.
This modality is very interesting because it has one of the lowest rates in the market, reaching a maximum of 2.08% per month. And, being directly linked to the income received, payroll is not bureaucratic and the release of credit is facilitated, which gives more agility to the whole process.
Which loan is the most advantageous?
At first, yes, this may be active, inactive, retired or pensioner. But what needs to be done, before hiring, is to check if the institution you work for has agreements with banks that offer this type of credit.
If so, hiring is quite easy by simply presenting:
- proof of address;
How does the process work and what is the margin for the loan?
Once you find that your work institution has an agreement with consignee institutions – that is, they offer payroll loans – just choose one of them and make your request. It is not necessary to be an account holder.
To define the total payroll amount, however, you need to pay attention to something known as the payroll margin, which consists of a% gross income threshold that can be committed to the loan. For public servants, this margin is currently 35%. If your income is $ 10,000, for example, the portions of your payroll cannot be greater than $ 3,500. Once requested, your payroll will go through the registration process, that is, the payroll agency (your contractor) must evaluate and approve your contract. Once approved, the contracted amount falls directly into the current account indicated by you.
What are the deadlines and fees?
One of the great advantages of payroll loans is that its maximum rate is 2.08%, one of the lowest in the market. In addition, the deadlines usually range from 6 to 72 months, depending on the total amount contracted and the financial institution that is mediating the process.
With these conditions, the contractor can ensure that his family budget will not be compromised and can handle all his obligations with ease. Another interesting point is that, because it does not take into account agencies like SPC and Serasa, the payroll can also be hired normally by those who have a dirty name.
How are installments paid?
Installments are automatically deducted from your paycheck, so you don’t have to worry about an extra payment to be made. This brings greater security and agility to the process, ensuring that no installment will not be paid for forgetfulness or missed deadline.
If you, a municipal civil servant, liked this option and want to know more about payroll loan, please visit this other full text, which will answer all your doubts!