Payroll loans have helped many retirees, pensioners and public servants to regain their financial health. For this reason, Senhor Panda today brings this review on the Pan Consignado loan with complete information about one of the best options on the market for INSS beneficiaries.

Therefore, Banco Pan was founded in 1969, has evolved a lot and can now offer essential services to many people throughout Brazil. Furthermore, Pan offers one of the longest payment terms in the current market in relation to payroll loans.

Furthermore, even though it is not available to everyone, the loan offers one of the lowest rates and also exclusive benefits for the bank's customers.

Are you interested? Follow this content with us.

First of all, we have to know that the payroll loan is only available to a specific group of people. See who is eligible to apply for a Banco Pan payroll loan:

These are the people who fit into the group of customers who can apply for this loan. It is also worth remembering that all payments for the installments charged for the loan are made directly to the customer's payroll.

Therefore, this serves to prevent people who requested the payroll loan from falling into default with Banco Pan. Anyway, these are some of the characteristics of the loan.

Regarding the available limit, it is worth stating in this review about Pan Consignado that the INSS consignable margin rules currently set at 30% for loans are followed. Therefore, this is the maximum released and the minimum is R$500.00.

Next, we will present the other characteristics of the Pan Consignado loan, its advantages, disadvantages and the application process. Check out!

The interest rates on the Pan bank loan may vary depending on the amounts involved during the request. Therefore, the interest rate starts with a percentage of 1.20% am. However, depending on the number of installments and the amount requested, this rate can rise to a value of 3.70% am

Because of this, each loan for each specific client will be personalized. In other words, one will be different from the other and will have different payment amounts.

Furthermore, the cost of the CET (Total Effective Cost) is also variable, reaching up to 4.10% am, initially having a value of 1.25% am. Therefore, this value can reach up to 49.32% aa. Ultimately, this means that the Fees and fees may rise depending on the characteristics of the loan itself.

Therefore, regarding the payment period for the Pan Consignado loan, it can be said that it is one of the longest on the market. In other words, at Pan the customer can pay the loan acquired in up to 96 installments.

Regarding payment conditions, as already mentioned, it is a payroll loan. Therefore, the installments are deducted directly from the customer's payroll. Furthermore, it is worth highlighting that the loan is only available to INSS beneficiaries, public servants and military personnel.

Next, find out in this review about the Pan payroll loan its main advantages and disadvantages.

Follow the main advantages of the loan below.

The first and main advantage is the number of installments that Banco Pan makes available to its customers. Therefore, installments can be made in up to 96 installments.

The Pan customer has special benefits compared to people who are not directly linked to the bank. Therefore, these people can have access to discounts in some establishments, such as Pacheco and São Paulo drugstores.

It's easy to apply for the loan. Therefore, despite the time we must wait for approval, the entire process is quite simple to carry out and does not take much more than 10 minutes to do.

Furthermore, it is completely online, so we can do it directly from our cell phone or computer without any problems, just follow the step by step instructions that we will teach you at the end of this text.

Find out about the disadvantages of the loan below.

Not just any person or customer can apply for a Pan loan. In this sense, it is necessary to be part of the group of qualified people to apply for the loan.

Despite being low, variable interest rates can make applying for a loan a little uncontrollable for low-income people. After all, interest rates at the end of the process may be higher than planned.

Therefore, it is recommended to use a credit simulator to know in advance the values of the installments and approximate interest.

Furthermore, a negative point of the Pan bank loan is that the money is only deposited after the bank has approved the loan request.

In other words, it tends to take 2 business days to complete. This means that the requester has to wait a while to access the requested amount.

Pan bank has made the loan application process as easy as possible for all customers. With this, today we can carry out the entire process without leaving home and in a few minutes.

So, if you want to apply for the loan, just follow the step-by-step instructions we have prepared. But before we start the request process, it is necessary to separate the following information: benefit number and value of the consignable margin.

With this in hand, we can begin the step-by-step process of applying for a payroll loan. To do this, follow the process below.

In short, just wait for the response that Pan Bank will send by SMS or email with all the information regarding the loan and also the link to sign the electronic contract.

This process takes around 2 working days, which may be longer in the case of incorrect information. Finally, if you still have questions regarding the application process, read the recommended content below.