That morning, in a press conference, the president of Caixa Econômica Pedro Guimarães, announced in a press conference with the federal government that all lines of credit will have reduced interest rates.
The new interest rate reduction measures were taken due to the global crisis caused by the new coronavirus, which has affected the global economy. Therefore, personal loan, loan for cnpj, real estate loan, credit card, and revolving rates will have rates reduced to 2.9%.
The new measures announced this morning by Caixa, the federal government is studying the approval of the benefit of 600 reais that has already been approved in the Chamber for the most humble, however, this benefit depends on the approval of the Senate and the president's decree.
Understand how the new measures will work in practice
In short, the bank's new overdraft rate will change from 4.9% to 2.9% per month.
The president stated in a press conference that: “A record rate in terms of being lower – 41% of reduction in relation to the rate that was already the lowest in the market”, he said alongside President Jair Bolsonaro during a live broadcast on a social network.
Caixa also announced the reduction to 2.9% of the interest rate charged on credit card installments.
“This installment is the one you pay in 36 months. It was still high at 7.7% per month. And we have reduced more than 60%. It also went to 2.9%”, he said.
Extension of Caixa's debts to 3 months.
Another piece of good news was that the president of the box announced also the increase from 60 to 90 days of the break period for loan contracts for individuals and companies, including housing contracts.
More than 750,000 customers have already asked for the postponement of the payment of their own home installments. He stated that this deadline could be increased again if necessary.
In response to the new coronavirus, the bank will reinforce with R$ 33 billion the fight against the effects of the pandemic.