Anyone who receives Auxílio Brasil will be very excited about this news! In August, the Senate released a provisional measure that allows beneficiaries to be able to make the Auxílio Brasil payroll loan.

The type of credit will be the payroll loan. In this model, the installments are automatically deducted from the benefit that the person receives. Several institutions will offer this credit, here we will show the Meu Tudo option.

In this way, the beneficiary can easily take out the credit and also be able to pay in a longer time with lower interest rates compared to other types of loans.

Therefore, if you want to know more about this credit for those who receive the Auxílio Brasil, just continue in this post and check all the information about the loan.

In short, the Auxílio Brasil payroll loan will work in a similar way to any other payroll loan. Here, the beneficiary must go to the financial institution that offers this credit and follow the application steps.

In this way, the beneficiary of the Auxílio Brasil will be able to borrow a certain amount in this credit model. Here, the only measure determined by law is that the loan installment does not exceed 40% of the benefit amount.

Therefore, as the value of the benefit will be R$ 400.00 in January 2023, it means that it will be possible to have installments of up to R$ 160.00.

But, the payment of the installments will occur automatically, since the loan is consigned. Thus, the Ministry of Citizenship itself will deduct the values of the installment from the benefit.

Regarding the interest rate, at first the created law has not determined a limit for this rate. But, as it is a payroll loan, it may be lower than the personal loan rate. In the case of the loan offered by Meu Tudo, the rate starts at 3,39% per month.

As a matter of fact, the type of payroll loan was previously attributed only to INSS pensioners and retirees, public servants and private sector salaried employees.

However, with the new law, all people who receive the benefit of Auxílio Brasil will be able to take out loans in the form of payroll.

Thus, beneficiaries will be able to access lower interest rates and even have more time to pay off the loan.

In fact, the Auxílio Brasil payroll loan is an option created to make this type of credit more accessible to people.

However, remember that this financial product can compromise your money. So, think carefully before applying for it, as you may not have enough income to support yourself on a daily basis.

Therefore, if you liked the news and are thinking about applying for the loan, check out in the post below how this process is carried out.