From the beginning of next year, customers will be able to transfer loans from one financial institution to another more quickly and digitally, in search of lower interest rates or smaller installments. The Central Bank (BC) announced this Friday (28) the inclusion of the credit transaction portability service in open finance, an open financial system.
The new feature will be available to the general public from February 2026, starting with the personal credit modality. In the following months, portability through open finance will be extended to other types of credit.
Currently, consumers can request loan portability, but the process is considered bureaucratic and ineffective. According to the BC, the new model does not replace the current rules, but adds a more agile alternative, supported by standardized data sharing between banks and fintechs.
In a note, the BC stated that the change should “eliminate information asymmetries and operational barriers”, in addition to making the process more efficient. With open finance, the maximum period for completing operations will increase from five to three business days — a reduction valid only for requests made within the system’s digital environment.
Digital process and greater competition
The operation will be completely digital, carried out through financial institutions’ applications. The BC assesses that automation should reduce errors, costs and expand consumers’ access to more advantageous credit offers.
According to the BC’s director of Regulation, Gilneu Vivan, the proposal takes advantage of the open finance infrastructure to increase competition in credit.
“What we are doing is bringing the benefits of the system to portability, facilitating the exchange of information and providing a better experience for the customer,” he said.
Gradual implementation
THE Joint Resolution No. 15/2025which formalizes the change, was approved on Thursday (27) by the National Monetary Council (CMN), but was only explained this Friday by the BC. The resolution will allow restricted tests to be carried out with the portability of open finance, before February 2026.
After the release of portability for personal credit, the schedule foresees tests for federal public sector payroll loans in August 2026, with a public launch in November. Other loan types will be incorporated later.
The BC and the National Monetary Council (CMN) state that the new digital portability should expand the reach of open finance and deepen integration between financial institutions, with a focus on improving the user experience.
What is open finance
Also called an open financial system, open finance allows customers to authorize the sharing of their financial data between different institutions. In practice, consumers can take their banking history to other banks, operate accounts on different platforms and access personalized services, with greater security, standardization and convenience. The objective is to increase competition in the market and facilitate access to more advantageous financial products.
