The federal government will submit a legislative proposal to expand the offer of payroll loans to around 42 million workers with a formal contract (CLT) who work in the private sector and have difficulty access to this financial service. The idea is to create a platform that allows banks and financial institutions to directly access the celetist’s credit profile through eSocial, the mandatory electronic system that unifies labor, social security and tax information from employers and employees across the country.
The payroll loan is a loan that has installments discounted directly from the salary or benefit of the debtor. It is a credit modality that offers lower interest rates and is one of the most used in Brazil, especially by public servants and retired and pensioners of the National Institute of Social Security (INSS).
The legislation that deals with the payroll already allows workers with a formal contract to have access to this type of loan, discounted from salary, but it requires the signing of agreements between companies and banks, which, in practice, makes it difficult for small and medium companies to make it difficult , and many large companies as well, they can join the model on a large scale.
“The maid, the employee who serves a family, he has his registration, his payment, but he has no access to payroll loans. Or a small business, a small store, a bakery, a pharmacy. SIMPLE EMPLOYEE [regime simplificado de enquadramento de empresas]an employee of a small company will have access to the payroll because it requires a number of company formalities with banks, ”explained Finance Minister Fernando Haddad, announcing the proposal in an interview with journalists in the Planalto Palace.
According to the minister, the product will provoke a “small revolution” in Brazilian credit. “You will consign in eSocial, which is something every company today has to adhere to the collection of what owes the worker in terms of INSS, guarantee fund [FGTS]tax [de renda] retained at the source and so on. Then eSocial became a vehicle that allows private payroll loans, “said Haddad.
The matter was discussed during a meeting with the participation of President Luiz Inacio Lula da Silva, Minister Haddad, Labor Minister Luiz Marinho, as well as leaders of five of the country’s largest public and private banks: Banco do Brasil, Caixa Econômica Federal, Bradesco, Itaú and Santander.
“We will have an ability to make banks no longer have to make agreements with micro, small, medium and large companies. This today is the big bottleneck of private credit. There are millions of employers, different risks, differentiated economy sectors, And banks are unable to map workers’ credit risk. Having a centralized management by e-Social, connecting in bank applications, banks will be able to offer rates, will be able to offer credit line and workers will be able to access the new payroll. ” , argued the executive president of the Brazilian Federation of Banks (Febraban), Isaac Sidney.
To enable the new form of payroll loans, using eSocial, the government must issue a Provisional Measure (MP) in February, according to the Minister of Labor and Employment (MTE), although an exact term is not defined. It is not discarded also to send a bill. “The decision on the legislative vehicle will be made by President Lula,” he said.
Rules
The rules on payroll limits for celetist workers should remain, such as the 30% ceiling of salary committed to the loan and the possibility of using 10% of the balance of the FGTS Guarantee Fund (FGTS) and the total of the fine received for dismissal without cause for the payment of debts, in case of dismissal of employment.
According to Febraban’s president, the private sector’s CLT workers’ wage land reaches about $ 113 billion, while the volume of credit assigned to this segment is only $ 40 billion. The INSS and public servants ‘retirees’ wage, which is around R $ 120 billion, results in a payroll -credit offer of R $ 600 billion.
“We are estimating that these R $ 40 billion can triple, which means that this credit portfolio can reach R $ 120 billion, R $ 130 billion, provided that we are able to access this platform [eSocial] And that banks applications, banks canal, can also be vehicles of supply of this product. It depends on the standard that comes, the regulation and how much banks will be able to integrate into this platform, “said Isaac Sidney.
