Loan with FGTS, Understand in this article how this new type of loan works, and find out whether you are eligible or not.
According to news published in official Caixa portalThe Secretary of Economic Policy at the Ministry of Economy's main expectation is that the new product will trigger a "jump" in payroll loans. The immediate potential is R$11 billion in loans, the secretary anticipates in an interview with Estadão/Broadcast.
Many people are unaware that the new method of withdrawing funds from the Severance Indemnity Fund – the FGTS anniversary withdrawal – was created in 2019 and allows workers to withdraw part of their Severance Indemnity Fund annually, according to the month in which they were born.
Loan with FGTS – find out more information
The government announced that the first withdrawals will begin in April of this year. However, only workers who opt in to this program will benefit, and they can only withdraw after two years. Those who opt out will retain their severance pay, with the right to withdraw their entire FGTS balance in the event of unfair dismissal.
For those who don't yet know, the FGTS loan works similarly to an income tax advance or a 13th-month salary advance. It's important to remember that these options are already offered by banks.
We can say with certainty that the difference, according to Sachsida, is that workers will be able to anticipate FGTS withdrawals scheduled for two years or even longer. However, we know that in this case, it will be subject to a slightly higher interest rate.
But can you really qualify for this type of loan with FGTS? For more information on this topic, visit Caixa's official website now.
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