For those who have already opted for the birthday withdrawal from their guarantee fund, but would like to access this money earlier, they can do so by anticipating the FGTS by Sim.

This financial institution, which belongs to the Santander group, allows the public to gain early access to money that is already theirs.

This way, it is easier for you to carry out your current projects! In addition, by anticipating the FGTS through Sim, you access a loan modality that has lower interest rates and more interesting payment conditions.

Therefore, in the post below you will learn more details about how the FGTS advance by Sim works and you will find out if this is a good loan option for you.

Namely, Sim's FGTS anticipation is a type of loan that the financial institution offers to its public so that they can access money that is already theirs.

This is done from the birthday withdrawal. Nowadays, every Brazilian worker can choose to receive part of his FGTS balance in the month of his birthday.

That way, everyone who has a balance in the fund can access that money automatically every year.

What Sim does here is allow the worker to have early access to this money to use in their current plans.

To anticipate the FGTS by Sim, you must meet some basic requirements to be eligible for this type of loan.

As it is a credit that uses your FGTS balance, you must meet some basic criteria for the loan to be carried out.

Namely, the main requirements that this type of credit has are the following:

Of all the requirements listed above, the birthday withdrawal option and the option to authorize the Sim to consult their data can be done when taking out the loan.

But, anyway, they are actions that need to be completed so that the loan can be contracted.

Another important information to know about anticipating FGTS by Sim are the conditions that this loan has.

Therefore, those who prepay through Sim can access monthly interest from 1.89% that will be added to their loan installment.

Incidentally, Sim only allows you to anticipate a portion of your birthday withdrawal. But, you don't have to worry about paying for it, as it will happen automatically.

When carrying out the anticipation, the Sim will contact Caixa Econômica Federal so that it will be possible to automatically deduct the amount of the loan installment from its guarantee fund.

In addition, when applying for credit, you can access the money within 24 working hours in your bank account of your choice.

After knowing more about the anticipation of the FGTS, it is normal to be in doubt whether it is really interesting to continue taking out this credit.

After all, the guarantee fund is there to help you in times of emergency, so it's normal to be a little apprehensive about accessing that money beforehand.

For this reason, we decided to separate below the main advantages and disadvantages of this type of credit so that you know if this option is really interesting for you.

In summary, the anticipation of the FGTS can indeed offer several advantages for those who request it! Below you can find three of them.

The main advantage of making the anticipation is that you will be lending money that is already yours.

The birthday withdrawal that is released every year is money that you have, but that is only released once a year.

That way, by anticipating the FGTS by Sim, you can have early access to that money and take advantage of it in current projects!

Another great advantage of this loan is that it can be easily approved for those who are negative.

Thus, if you have a dirty name and cannot access other loans, by anticipating the FGTS through Sim you can have the approval you are looking for.

Finally, the entire loan contract takes place online, where you can access the credit you need from the comfort of your home.

In addition, the entire process of applying for a loan at Sim is done very quickly, allowing you to have the money in your account within 24 hours.

Although anticipation has great positive points, we cannot deny that it also has some disadvantages as you know below.

When advancing the FGTS by Sim, the part of your balance equivalent to the loan may be blocked until it is paid off.

This is done to ensure that the loan payment will be made. However, it may prevent you from accessing the full amount of the fund if you lose your job or want to buy a property, for example.

Another disadvantage is that from Sim you can only access 1 portion of your birthday withdrawal.

Namely, nowadays there are financial institutions that grant access to up to 10 installments of the birthday withdrawal.

Now that you know more about how FGTS works through Sim, it's time to learn how the hiring process happens in practice.

Therefore, to advance the FGTS by Sim, you must first allow the institution to access your FGTS data. For this it is only necessary that you:

That way, at the end of this process, you just need to go to the website of the financial institution and start taking out the loan following the previous guidelines.

As she now has access to her guarantee fund data, it will be possible to anticipate the FGTS by Sim without major problems.

However, if you want to know more about FGTS, then access the recommended content below.