Do you need money? would you rather opt for a secure and reliable means of borrowing? Learn more about payroll loans.
It is important to inquire about the fees and conditions involved before hiring a payroll loan.
Different reasons may lead someone to take out a loan. Faced with so many options available today, payday loan is interesting because it is versatile and can be used according to needs. In addition, your fees are deducted directly from the salary or benefit, which expedites and guarantees your release and discharge.
In, payroll loans are offered to companies and individuals, such as workers with a formal contract, civil servants, retirees or pensioners of the INSS.
See in this article the advantages, requirements, conditions and other important information to get your questions about BANPARÁ payroll deductible loans.
How does the payroll loan of the Bank work?
Always providing the best solutions for the people of Pará. The payday loan is presented as a great choice both to solve the problems and to realize the dreams.
A credit analysis based on paycheck or payroll data will be required to tell you if your income allows the discounts required for the loan to be discharged within the standards set by the Bank, which are:
- The total value of the loan is defined on the basis of the
- The amount of the installments to be paid can not exceed 30% of the salary or benefit
- Payment must be made in fixed monthly installments, directly discounted on the customer’s payroll or paycheck
- For more information regarding interest rate, payment term and time for credit release, contact the Bank
In order to be able to contract payroll loans, the company or paying agency must have an agreement with the Bank. This will enable and ensure the realization of this type of financial transaction in a safe manner.
What is assignable margin?
This margin, a necessary information for the contracting of the credit, is defined by the employer and indicates the maximum limit to be discounted from the amounts referring to the disbursement of consigned loans made by BANPARÁ.
Therefore, the credit analysis is based on the data of the assignable margin, since it will be possible to determine exactly the effects of the payment of installments of loans or credit cards on the monthly income.
How to check the assignable margin?
This information is provided by the employer. It is possible to find it on the paycheck or by consulting the HR department of the company.
- Can be requested by account holders and non-account holders
- Attractive Interest Rates
- Must be 18 years or older
- It is necessary to attend a Bank agency taking RG, CPF and proof of residence
- For retirees or pensioners, also take benefit number
- For employees of public or private companies, also carry a paycheck
Before deciding to make the loan, it is very important to read the agreement, get all the doubts and to know about the rates and values involved. Through the Total Effective Cost (CET) document, it is possible to access this information and thus compare the conditions offered by different banks, making sure to make the best choice.
Payroll deductible credit can be a great solution to take out small or large debts because your rates are deducted from your paycheck before it even falls into the account, excluding the possibility of delays and nonpayment.
However, having a lower than usual amount to pay for expenses over a few months or years may require planning and commitment. So, one should carefully analyze the pros and cons before making the loan. Taking this step recklessly can, instead of bringing a solution, bring about many problems.