The payroll loan is a modality of granting a financial value only to retirees and pensioners of the Instituto National Social Security (INSS), salaried workers with the Consolidation of Labor Laws (CLT) and military.
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Access to the loan is controlled by a few rules that have undergone recent changes. So, keep reading and check out the payroll loan rules in 2022.
Due to the pandemic of the new coronavirus, in 2021 the Government decided to temporarily modify some payroll loan rules. But in 2022 the rules changed again and went back to the way they were before and started to be valid from this January.
The payroll loan margin, which was previously at 40%, has now returned to the range of 35% of the benefit amount. Of this margin, 30% is used for the loan and 5% for using the card.
However, in the change made in 2021, the amount of personal loans that the retiree or worker could have jumped from 6 to 9. The latter is still valid in 2022, as well as the number of installments, which can be up to 84 times!
The grace period, which used to be ninety days, became thirty days and the financial institutions that offer the loans will no longer have the obligation to grant a grace period of four months.
The interest rate on this type of payroll loan is lower compared to other financing. However, this year it rose from 1.8% to 2.14% per month and may vary according to category.
Therefore, for public servants the interest rate is 1.4%, for INSS beneficiaries 1.7% and for private sector workers 2.3%.
The payroll credit card works similarly to other cards, the only difference is that the value of the invoice is deducted directly from the holder's bank account or payroll, and the interest rose from 3% to 3,06%.
