Beneficiaries of Auxílio Brasil can now count on a new type of credit. On May 18, President Jair Bolsonaro sanctioned Law No. 14,432, which permanently guarantees a minimum amount of R$1,400 for families receiving Auxílio Brasil, among the series of benefits that make up the program. Previously, only INSS retirees had access to this type of loan.
This allows Auxílio Brasil beneficiaries to link up to 40% of the benefit amount to the salary loan installments, as the discount can also be made directly from the benefit and the beneficiary's salary with the discounted amount is already sufficient.
Payday loans are one of the best ways to borrow money in Brazil. With this option, interest rates are lower due to the lower likelihood of default, as the amount is deducted directly from the payroll of the insured person who opts for the loan.
How do I take out a loan using the Caixa Tem Brazil Aid app?
To issue a loan from Caixa Tem, the beneficiary must be informed of his/her occupation and income so that the credit analysis can be carried out. After the credit analysis, the citizen can apply for the Caixa Tem loan.
It may take up to a week for your request to be reviewed. Take a look at the step-by-step process.
- Access the Caixa Tem application
- Look for the Update your registration option and follow the instructions
- Then access to the account funds to apply for the loan will be released within 48 hours. Citizens should pay attention to email and app notifications.
