Those interested in obtaining payroll-deductible loans from Auxílio Brasil will only be able to apply for the loan through Caixa Econômica Federal from 7 am on the 14th. Until then, the contracting is suspended.
According to the financial institution, the credit line will be suspended for two weeks to process the Auxílio Brasil payroll. The payroll loan offer has been suspended since 19:00 on Tuesday (1st).
Caixa informed that, after this period, the credit line will be offered again. Auxílio Brasil payroll processing involves Caixa, which operates the line of credit; Dataprev, the state-owned company responsible for the list of beneficiaries, and the Ministry of Citizenship, which registers program participants.
Operated by Caixa since October 11, the payroll loan to beneficiaries of Auxílio Brasil provides loans at rates of 3.45% per year, with retention of up to 40% of the benefit amount to pay the installments. Caixa is not the only bank qualified to offer the credit line, but it leads the releases. According to the Ministry of Citizenship, 14 financial institutions are authorized to offer the modality, but not all of them have started to lend money.
The release of consigned credit for Auxílio Brasil has faced a series of obstacles and suspensions. From the 21st to the 24th of October, the Caixa paralyzed hiring for technological maintenance Also on October 24, Caixa complied with guidelines from the Federal Audit Court (TCU) and froze, for 24 hoursthe release of credit.
Throughout last week, the bank extended the review period from 24 hours to five business days. During this period, customers could go to Caixa branches or ask for money to be released by the Caixa Tem applicationbut the money was only released after that period, in compliance with the TCU’s suggestion.
Scratchs
The loan can be divided into 24 months, with a minimum installment of R$15 and a maximum of 40% of the benefit amount. The loan can only be requested by the family responsible who has received Auxílio Brasil for at least 90 days and who has not failed to attend any summons from the Ministry of Citizenship.
As the installments are deducted directly from Auxílio Brasil, experts recommend caution when contracting the payroll loan. After the sanction of the law that released the credit modality, the economist and professor of Financial Markets at the University of Brasília César Bergo listed some risks, such as harassment from financial institutions, scams and commitment of up to 40% of monthly income by low-income families. Caixa informed that it offers financial education tips for users.
