Private payroll loan: an exclusive credit for CLTs

THE private payroll loan It is an alternative for those who have a formal job and need money urgently. 

In addition to being a line of credit with attractive rates, this alternative is bureaucracy-free and can be requested online.

In today's text you will discover how this product works, interest rates, banks that offer this loan and much more! 

Don't miss it!

What will we cover in this text?

• How does a private payroll loan work?
• Who can hire?
• What is the margin for private consignment?
• Interest rate applied to this credit
• Which bank offers private payroll loans?
• 1. Inter Bank;
• 2. Credits;
• 3. Portocred;
• 4. BV;
• 5. Neon GetMore;
• 6. Santander;
• 7. Alpha;
• 8. Rhodobens;
• Conclusion.

How does a private payroll loan work?

THE private payroll loan works very similar to the public consignment. However, the main difference is that it is intended for workers in private companies, generally CLTs.  

The loan installments are also automatically deducted from the contractor's salary, just like in public loans.

Furthermore, interest rates, payment terms and other conditions are more flexible. 

In fact, it is less bureaucratic and can be requested even by people with negative credit ratings or low scores.

Who can take out a private payroll loan?

CLTS workers hired by companies that have an agreement with a financial institution or bank that offers this credit. 

The loan is requested by the employee directly at the financial institution, but there are cases where the private credit can be requested from the company, it works as an intermediary.

Employees without a formal employment contract or with a short employment period cannot apply for credit.

The minimum hiring period varies according to the rules of each bank. 

What is the margin for private consignment?

According to the law, the margin of the payroll loan particular must not exceed 35% of the employee's salary, after taxes and duties have been deducted. 

In other words, you can commit up to 35% of your monthly salary to the loan installments.

Despite this, some banks offer a lower consignable margin in order to bring more security to the operation.

Interest rate applied to this credit

According to the data from Central Bank of Brazil, the minimum pre-fixed interest rate on private personal loan is 0.12% per month and 1.50% per year. 

The maximum, in turn, is 4.96% per month and 78.79% per year. The fixed rate may vary according to the customer profile and partner company. 

Which bank offers private payroll loans?

In this topic you will find some suggestions of banks that offer credit private consignment for your customers. 

Compare and choose the best alternative for your budget! 

1. Inter Bank

THE Inter Bank offers one of the lowest rates on the market. Your payroll loan private It is exclusive to workers with formal employment contracts, but it also has a product along the same lines for public servants and INSS policyholders. 

Regarding the maximum amount to be requested, it may vary depending on the applicant's agreement, however, it is possible to contract up to R$100,000.00.

The installments can be up to 48 months and there is no minimum amount to hire. You can use the money to, for example:

• Pay debts;
• Take an exam;
• Renovate the house;
• Avoid falling into revolving credit card interest.

The hiring process takes place in four main stages, which are:

1. Make a simulation and choose the agreement.
2. Analysis of the request and signing of the contract.
3. Analysis of the submitted documentation.
4. Release of money, if approved.

To carry out a simulation, access the Inter website.

2. Creditas private payroll loan

Creditas is one of the best credit platforms in Brazil and also offers this type of credit to its customers. 

However, this product is exclusive to Creditas Benefícios employees. 

The pre-approved limit varies between R$$300.00 and R$$70,000.00, and can be paid in installments of up to 60 months.

Of course, there is plenty of time for the installments to not affect your budget. However, it is important to have a balance when paying in installments so as not to pay more interest and be tied to a debt for too long.

The installments discounted from the payroll can reach up to 35% of the salary. This credit is bureaucratic free; it can be requested by those with bad credit and even easily refinanced.

The simulation can be carried out through different channels: website, app, WhatsApp and telephone. Regarding the interest rate, at Creditas it is charged from 1.49% per month.

To apply, your company must be a Creditas partner. If it is not yet a partner, you can make a referral.

Access the creditas website and fill in the requested fields. Then, she will contact your company's HR department to see if the company is interested in becoming a partner.

Since there is no cost to it, the chances of acceptance are greater.

3. Portocred

At Portocred, you can also request a private payroll loan without bureaucracy. 

However, it is exclusive to employees of partner companies, as in the previous alternatives. 

You can request up to R$1,400,000 and still join the Benefits Club. There, you have access to discounts at pharmacies, snack bars, major brands and much more! 

Interest is charged from 1.99% per month and the maximum percentage does not exceed 7.99% per month.

If your company is not a partner, you can recommend it to start offering this credit model, free of charge.

Visit the Portocred website and find out what the referral and simulation process is like. 

4. Private Loan BV

BV also has a line of private payroll loan for employees and companies. 

The loan repayment term can vary between 12 and 60 months. In addition, the employee can commit up to 30% of their salary to this credit.

Although the payment will be deducted from your paycheck, a credit check will be carried out. To do this, you will need to present the following documents:

• CPF, RG or CNH;
• Proof of income up to 60 days old;
• Proof of length of service.

It can be used to prove length of service: active badge, work card or registration form. 

If your company is not a partner, you can indicate it. Access the page Private Loan BV and fill out the form. 

5. Neon GetMore

Neon ConsigaMais also offers this credit to employees of partner companies. 

The application process is simple and straightforward. Once approved, the money will be deposited into your account within a few hours.

This company offers insurance; financial protection in case of involuntary unemployment.

One of the main advantages is that they offer personalized service for those with bad credit. 

6. Private loan from Banco Santander

It is possible to take out a Santander payroll loan very easily through the bank's app.

This financial product can only be requested by Santander customers, so open your account before requesting it.

One of the main advantages is that the amount can be paid in installments over up to 12 years. The loan conditions may vary depending on the client and the employee's company. 

If you are already a customer, run a simulation on the website. If you are not, but already have a formal job, open an account with Santander. 

7. Alfa Financial

Financeira Alfa also offers some credit products for private sector employees. 

Depending on the employee's profile, the company can choose one of the three available credit options: AlfaCash and AlfaCred.

AlfaCash is requested directly from the Alfa Customer Service Center by the company. The amount is made available through the AlfaCash card.

Although there is no bureaucracy and it is simple to hire, the pre-approved limit needs to be approved by Alfa and also by the company's HR department.

AlfaCred is the loan model contracted with the intermediation of an Alfa operator, authorized by the company's HR.

If approved, the amount is quickly transferred to the employee's account, without complications or bureaucracy.

However, the best alternative is the Digital Private Loan. In addition to being less bureaucratic, it offers a lower interest rate.

8. Rhodobens

Banco Rodobens also offers this line of credit. It is exclusive to employees of partner companies. 

Even if your company is not, you can nominate it. Access the Rodobens website and fill out the form.

According to the platform, among the main advantages of taking out this credit through it, we find, for example:

• Lowest rates on the market;
• No guarantor or endorser required;
• Debt portability;
• Easy hiring.

If your company already has an agreement, access the platform and run a simulation. The process is very simple and takes place in 4 main steps:

1. Simulation;
2. Credit analysis;
3. Signing of the contract;
4. Credit release.

Conclusion

THE private payroll loan It is a great alternative for those who need quick money, without bureaucracy and with lower interest rates. 

However, it should only be requested in case of urgency. Furthermore, the money should be used wisely. 

Compare the best alternatives to find out which one offers the lowest interest rate and best meets your needs. 

Meet the BPC payroll loan and where to apply.