Lower loan interest rates for retirees: why pay more when you can pay less? Read our article and find out where to find the lowest rates. of the payroll loan!
Advertisements
Retirement loans already stand out for their low interest rates. However, it's possible to choose institutions that charge a lower interest rate.
Therefore, in today's article, we will show you some bank options with lowest loan interest rate for retirees.
So, read the text to the end and find out what they are. See the index of this post below:
- What are the main features of the loan for retirees;
- What are interest rates;
- Bancoob Bank;
- Alfa Financial;
- Bank of the Northeast;
- Banrisul;
- Inter Bank;
- Conclusion.
What are the main features of the loan for retirees?
Unfortunately, the maximum interest rate ceiling for the payroll loan increased this month, going from 1,80% to 2,14% per month, as published in DOU.
However, the main feature of this line of credit is still the lower interest rate, compared to other credit models.
Furthermore, the loan for retirees stands out because it is exclusive to a group of people and has the installments discounted directly from the payroll or benefit.
It is usually exclusive to:
- INSS retiree and pensioner;
- Public servant;
- Armed Forces Server.
The payment conditions are also excellent, for example, longer terms and grace periods, smaller installments and less bureaucracy to receive approval.
It is even possible to get one lowest loan interest rate for retirees even though negative.
What are interest rates?
Interest is like the commission or remuneration charged for lending money, that is, for the time you spent with money that wasn't yours.
To be defined, the institution considers different factors, for example, return margin and credit risk of the loan.
Because of this, the situation of each bank is different, which is why each of them applies different interest rates to their financial services.
Now, discover some banking options with lowest loan interest rate for retirees.
1. Bancoob Bank
This bank offers several financial services and products, including INSS payroll loans and loan guarantees.
You don't need to be a member to apply for a loan, but you can only apply for it at a cooperative.
The interest rate applied is 1.39% per month. Unfortunately, this option isn't simple or practical.
However, if you are willing and have time for financial teaching, click here and find a cooperative.
Before we proceed with the bank indications with the lowest loan interest rate for retirees, it is worth noting that the increase in the ceiling for maximum interest rates is recent.
So, maybe some institutions haven't updated their percentage yet.
In other words, you may find a higher percentage of those described in this text, but we will do our best to update the information.
2. Financial Alpha
Alfa Financeira is already ahead of the game, as its credit for retirees can be requested online 100%.
In other words, there is no need to go to a branch, the entire process is done online.
THE payroll loan can be paid in installments from 3 to 96 months and the interest rate applied varies between 1.50% per month and 60.10% per year.
You can request yours on the website Financial Alpha.
3. Bank of the Northeast
Banco do Nordeste offers payroll loans exclusively for INSS beneficiaries. Interest rates are above 0.50% per month.
The amounts purchased can be paid in up to 72 monthly installments and the grace period is 65 days after contracting.
You can request yours at a branch, online banking, app or self-service terminal.
4. Banrisul Bank
Banco Banrisul also stands out for its competitive rates and ease of application.
Thus, the interest rate ranges from 1.60% to 1.80% per month. The grace period before starting payment can be up to 120 days, and you can pay in installments up to 24 months.
To request, download the app.
5. Banco Inter
Despite being a less traditional bank, Inter is among the best banks that offer lowest loan interest rate for retirees.
In this case, they start at 0.95% per month. The request is made online, and the amount is credited to your account within a few hours.
Download the Banco Inter app, open your account and make a request.
Our list isn't over yet; see below for more bank options with the lowest loan rates for retirees:
- Banco Banrisul – from 1,38% per month;
- Cetelem – from 1,22% per month;
- Banco Brasília – from 1,30% per month;
- Daycoval – 1,47% per month;
- Sicredi – from 1,38% per month;
- Caixa Econômica – from 1,48% per month;
- CCB Brasil – from 1,32% per month;
- Paraná Banco – from 1,41% per month;
- Financial Fact – from 1,37% per month.
Conclusion
Of course, the defined interest rate percentage is only informed after the credit and registration analysis.
This is because it depends on several factors and each bank has its own criteria for defining it, but with the information contained in this text, you can get an idea of the values.
The interest rate is one of the most important factors when applying for credit, however, it is not the only one to consider.
Therefore, it is important to plan and look for a bank that best fits your needs and expectations.
So, did you like to know which bank has the lowest interest rate of loan for retirees.
