For beneficiaries of social programs, some advantages are conferred, and now there is also the advantage of the BPC loan with low interest and payroll deduction. So, see how you can secure credit.

In this article, you will be able to understand how the loan works and if it is already available to hire. Check out!

Yes, it is possible to take out a loan with the benefit of continued installment.

In March of this year, the federal government published a provisional measure that increased the payroll loan margin for policyholders of the General Social Security System, authorizing the contracting of loans through payroll loans for those who receive BPC and Auxílio Brasil.

This means that more than 52 million Brazilians will be able to apply for a payroll loan with lower interest rates and up to 48 months to pay with a direct payroll deduction.

Thus, it is important to highlight that the value of the benefit is a monthly minimum wage and that it is non-transferable.

This measure is part of the Income and Opportunity Program, which is expected to put into practice a series of measures that will make more than R$ 150 billion available in the country's economy.

Among them are the emergency FGTS withdrawal, the anticipation of the thirteenth salary for INSS retirees and the release of credit for negatives.

To apply for the loan, BPC or Auxílio Brasil beneficiaries can only commit up to 40% of their monthly income.

In this case, 35% for a personal loan, which is equivalent to R$424.20 and 5% for withdrawals from payroll credit card purchases or debt settlement, which is equivalent to R$60.60.

In addition, the loans will have lower interest rates, around 2% and with a repayment term of up to 48 months.

In this way, it is a great opportunity for BPC and Auxílio Brasil beneficiaries to take out payroll loans to settle debts!

To make the loan, the bank that makes it for BPC is Caixa Econômica Federal. This is because, in fact, the other financial institutions are still not making the loan, as they are resolving internal technical issues.

Thus, only Caixa Econômica has already released access to guarantee payroll loans!

It is important to point out that the BPC is paid to seniors aged 65 or over and disabled people of any age with a minimum wage (R$1,212.00) per month with family income per person equal to or less than 1/4 of minimum wage.

To apply for the BPC, it is necessary to prove income and, in the case of people with disabilities, undergo a medical and social assessment by the INSS, in addition to being registered in the Single Registry. Also, the BPC payment must not be accumulated with another social security benefit.

To take out a loan payable by BPC, the beneficiary must look for Caixa Econômica Federal or another financial institution of his trust. Remembering that so far, only Caixa is contracting the loan.

Thus, you will be able to commit up to 40% of your income to pay off the loan installments.

On the other hand, the release date of the loan will depend on each financial institution, because banks are not yet offering the modality, only Caixa Econômica Federal.

Thus, the loan is deducted directly from the beneficiary's payroll and may commit 40% as mentioned earlier.

That way, you still have up to 48 months to settle the debt and the interest is 2% per month. Now that you already know everything about the BPC loan, click on the recommended content below and learn about other benefits from the Federal Government!