This morning, in a press conference, the president of Caixa Econômica Pedro Guimarães, announced in a press conference with the Federal Government that all credit lines will have reduced interest rates.
The new interest reduction measures were taken due to the global crisis caused by the new coronavirus, which has affected the global economy. Therefore, personal loans, CNPJ loans, real estate loans, credit cards, and revolving fees will have their 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 fee will increase 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% reduction in relation to the rate that was already the lowest on the market”, he stated 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 reduce more than 60%. It also went to 2.9%,” he said.
Extension of Caixa debts for 3 months.
Another piece of good news was that the president of Caixa announced also the increase from 60 to 90 days of the pause period for loan contracts for individuals and companies, including housing contracts.
More than 750 thousand customers have already asked to postpone payment of installments for their own home. He stated that this deadline could be increased again if necessary.
In response to the new coronavirus, the bank will reinforce the fight against the effects of the pandemic with R$ 33 billion.
