Payroll Loan is one of the most accessible options in the financial market for those who are in debt, but not everyone can take out this type of loan.
Before talking about the possibilities for you to find a loan with lower interest rates, let's explain a little how this specific type of loan works.
How does the payroll loan work?
Basically it is a loan intended for INSS retirees and pensioners, civil servants and pensioners of federal, state and municipal bodies, military personnel and Armed Forces pensioners, in which the installments are deducted directly from their payroll.
Normally, banks set the maximum value of your monthly installment (which is the assignable margin), this is according to the agreement stipulated between the PAN and the paying source in which you are included.
Most affordable interest rates on the market
Rates vary according to your paying source, and of course according to the amount you need. But we can mention banks such as: Itaú, Caixa, Bradesco and Santander, are banks that lead in loan positions.
The possibility for a customer who has a credit operation at a Financial Institution to transfer it to another, provided that the value and term of the operation at the new Institution do not exceed the outstanding balance and the remaining term of the credit operation carried.
Payroll or personal loan online?
We recommend Banco Pan, as it has incredible facilities for all payroll customers, remembering that to be entitled to payroll, you first need to have an effective link with a government agency.
Some private companies also provide a loan with an agreement with a bank, normally private companies release payroll loans for employees with more than 1 year of service.
If you would like to know a little more about these transactions, Click here, as we have special articles on this topic.
