If you are currently one of the beneficiaries of Auxílio Brasil, you can request the Auxílio Brasil payroll loan in the very near future.

The Ministry of Citizenship created this special loan for those who receive Auxílio Brasil and need to access extra money to undertake or carry out another project.

The measure was taken to guarantee access to credit for the program's beneficiaries, who had been facing difficulty accessing other types of loans available in banks and financial institutions.

Therefore, if you are a beneficiary of Auxílio Brasil and want to know how the payroll loan will work, just stay with us in this post and we will answer your main questions!

In short, the Auxílio Brasil payroll loan is a loan option that beneficiaries of this aid can request.

From there, it is possible for families to access credit of approximately R$ 3,000.00 to purchase a large item or undertake a business.

The emergence of this credit is being very important for families benefiting from Auxílio do Brasil. Most of them have a low income, which makes it difficult to approve credit in traditional loan types.

In this way, with the creation of the Auxílio Brasil loan, it is easier for them to access credit and, thus, achieve their goals.

To understand how Auxílio Brasil's payroll-deductible credit works, we need, first of all, to better understand what the payroll-deductible credit that is being offered to Auxílio do Brasil's beneficiaries is.

Therefore, payroll loans are a type of credit that salaried or retired people can access. In short, it is similar to other types of credit, the only difference is in terms of payment.

Thus, in the form of consigned credit, the payment of installments is automatically deducted from the salary or retirement that the person receives.

In this way, the Auxílio Brasil payroll loan works in the same way, where the value of the installments made on the loan are automatically deducted from the benefit received.

However, with Auxílio Brasil credit, banks and financial institutions that offer the loan will only be able to deduct up to 40% from the amount that families receive from the aid.

This way, they are able to take out the loan, pay it off and still have money left over to use for other needs during the month.

In short, the Auxílio Brasil payroll loan can only be requested by families that receive the social benefit.

Therefore, only those who meet the program criteria will be able to access this type of loan.

Currently, to be eligible for the program, the family must be in a situation of:

Namely, to date there are around 60 banks and financial institutions that are going through the screening process to be able to make Auxílio Brasil payroll loans available.

Among them, Caixa Econômica Federal is one that has already confirmed that it will make credit available to the public.

In addition to it, there are other banks such as Agibank, Crefisa, Pan, Safra, Daycoval, among others that have confirmed that they will provide credit.

An important part of knowing about credit is its main characteristics and existing conditions.

Therefore, whoever takes out the Auxílio Brasil payroll loan can close a contract with installments that go up to R$ 160.00 including an interest rate of up to 3.5% per month that banks can apply.

Furthermore, the Ministry of Citizenship informed that the loan can be paid in up to 24 installments.

Therefore, the total amount of credit that Auxílio Brasil beneficiaries will be able to access is approximately R$ 3,000.00. The total amount will depend on the interest rate applied to the installment.

By now, you have already been able to better understand how Auxílio Brasil’s payroll loans work in practice. But, what are its main advantages? That's what you can see below.

Despite the advantages, the Auxílio Brasil payroll loan also has some negative points. Get to know them below.

In summary, the Auxílio Brasil payroll loan is an interesting option for those who receive the benefit and are unable to borrow money from other banks or financial institutions.

Therefore, if you liked this loan and receive Auxílio Brasil, check out the following post on how you can request a loan from Auxílio Brasil!