This morning, at a press conference, the president of Caixa Econômica Pedro Guimarães, announced in a press conference with the federal government that all lines of credit will have their interest rates reduced.
The new interest rate 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 credit rates 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 presidential decree.
Understand how the new measures will work in practice
In short, the bank's new overdraft rate 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 a reduction to 2.9% of the interest rate charged on credit card installments.
“This installment plan is the one you pay in 36 months. It was still high, at 7.7% per month. And we reduced it by more than 60%. It also went to 2.9%,” he said.
Extension of Caixa debts for 3 months.
Another good news was that the president of Box announced also increasing the pause period for loan contracts for individuals and companies, including housing contracts, from 60 to 90 days.
More than 750,000 customers have already requested to postpone the payment of their home loan installments. He said that this period could be extended 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.