A new credit modality, called SIM Digital, is made available by Caixa Econômica Federal. Orders can be placed through the Caixa Tem app. The value ceiling of loan is R$ 3 thousand. This number will be offered specifically to micro-entrepreneurs. Values for individuals reach a thousand reais.
Read more: Learn how to apply for a quick loan of up to R$ 4,500 from Caixa
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Defaulters can also apply for credit. Check out the criteria for applying for SIM Digital credit.
The purpose of microcredit is to serve and benefit individuals and individual microentrepreneurs. Around 40 million Brazilians will be covered, however the release of credit will be gradual. In this way, in the coming months, around 5 to 10 million people will be able to apply for the loan.
The most interested public is made up of defaulters, who correspond to 83% of customers (499,000 out of 602,000 people) who have requested the benefit so far.
For individuals, the monthly interest rate corresponds to up to 1.95% while the interest rate is calculated proportionally to the requested amount.
The legal entity (MEI) that wants to obtain the credit will need to deal with an interest rate that can reach up to 1.99% per month and that is also proportional to the amount made available by the bank.
In both cases, it is possible to pay the debt in installments for up to 24 months.
The process differs for individuals and legal entities.
In the first case, the loan can be requested directly from the Caixa Tem application. In addition, the company must have at least 12 months of billing with the same CNPJ. In the second, hiring can only be done in person at a Caixa Econômica Federal branch.
Microentrepreneurs manage to pocket a greater amount compared to individuals. It is possible for MEI to apply for a loan of up to R$ 3 thousand, but not more than that, to invest in their business. In turn, the natural person has access to an amount of up to one thousand. It is not possible to request more money. Both have two years to pay off the debt.