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The payroll loan, a type of credit widely sought after by INSS retirees and pensioners, has undergone a significant update in its interest rate. This change, which came into effect recently, promises to offer better conditions for those seeking this credit option, making the installments more affordable and easing the budget of many beneficiaries.
Furthermore, with the current economic scenario and constant variations in interest rates, this update is a reflection of the search for balance and financial justice, ensuring that INSS beneficiaries have access to fairer and more transparent loans.
New interest rate ceiling for INSS loans
The National Social Security Council is responsible for establishing the interest rate for INSS loans. With the recent drop in the Selic rate, which has a direct impact on national interest rates, the ceiling for loans has been revised.
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Beneficiaries can now expect lower interest rates, resulting in more manageable installments. The new ceiling for payroll loans was reduced from 1.91% to 1.84%. In addition, for payroll credit card transactions, the maximum rate was adjusted from 2.83% to 2.73%.
Competition between banks benefits consumers
The popularity of payroll loans among INSS pensioners and retirees is widely recognized. One of the biggest advantages of this modality is the ability to access more competitive interest rates, thanks to competition between banks.
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This competition is beneficial for the beneficiaries, as it allows them to choose the institution that offers the best conditions. Therefore, before committing to a loan, it is essential to compare offers from different banks to ensure the best rate.
In short, the recent changes in INSS loan interest rates are positive news for many beneficiaries, providing them with better conditions for loan and greater financial flexibility.
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