November 26, 2019

Know the main types of loans for civil servants

Searching for a loan is a common option among those who need a lump sum quickly. Several financial institutions have created special conditions for public servants. However, to find the best credit option you need to know a little about the products available on the market. After all, there are many options and with different indications for each case.

So today we are going to talk about the main types of loans available to public servants, in order to help you understand which is the best credit option for your situation.

Unsecured Personal Loan

It is the most popular type of loan in the market. In theory, it is available to any citizen. However, contract rules vary depending on the financial institution providing the credit. For hiring, some proof of income may be required. In this group are the most common credits such as: overdraft and credit card.


Overdraft has one of the most expensive interest rates in the market and is one of the main causes of the indebtedness of the Brazilian population. Generally, the amounts range from 15% to 20% per month, allowing pre-approved credit to increase up to 3x, leading to debt. It is therefore the least suitable option for civil servants and should only be used in urgent cases. If you want to get this type of loan, credit unions tend to have the best market rates.

Credit card or revolving loan

Credit card is an easy and affordable option. It works as a loan and, after its use, the amount must be paid in monthly installments. Despite the simplicity of its use, the credit card also has risks, the main one being spending more than allowed / due and not being able to pay the bill at the end of the month.

If the debt cannot be paid, the debt goes into revolving credit, which contains one of the most expensive rates on the market. Therefore, it is extremely necessary to make a financial control in case you want to use this form of credit, because the parcels can turn into a snowball.

Payroll loan

Payroll loan

The payroll loan is one in which installments are discounted direct from paycheck monthly. Because of this collateral, financial institutions offer the cheapest interest rates among other personal loan arrangements.

However, there are some restrictions for this type of loan.

To get a payroll loan, you have to fall into one of the following categories:

  • Public Servants (Federal, State and Municipal)
  • Military of the Armed Forces
  • Retirees and Pensioners (INSS Beneficiaries)
  • Workers with signed leave

The supply of payroll loans has increased greatly in recent years. For financial institutions, early payment reduces the risk of default. At the same time, having the installments automatically deducted from the salary, the server pays lower interest.

We emphasize that payroll loans are a very good option for public servants. Due to the financial stability, it is facilitated and the agencies have varied options of agreement. The term to repay the debt tends to be up to 96 months, but in some agencies you can split up to 120 months.

Payroll Loan

The payroll-deductible loan is one of the benefits available to civil servants and stands out among the other models because of its low interest rate.

Payroll Credit Card

Like payroll loans, payroll loans are deducted directly from paychecks. Being the maximum discount value of 5% referring to the payable margin. The main difference is the way credit is used: in the case of credit card, it can only be used through the card; In the case of a loan, credit can be used in other ways, including through withdrawal.

The payable margin limits the amount that can be committed monthly to payable credit. The interest difference from the payable credit card to a regular credit card can be up to 300% per year. As with other payroll loans, the amount is automatically debited from paycheck and can reach 35% of the server’s net income.

The contract can be up to 96 months and the maximum credit amount depends on the financial institution providing the service. It is important to note that not all agencies make this payroll discount agreement available for this type of credit!

Advance loan 13th salary

Advance loan 13th salary

Public servants and workers with a formal contract also have the possibility to apply for a loan in anticipation of the 13th. Although it is common to receive the 13th only at the end of the year, it is possible to request an advance from the bank with very low interest rates, almost equal to the payroll loan. This is because, like payroll-deductible loans, this type of loan offers low default as the debt is paid off as soon as the company deposits the money at the end of the year.

IRPF Anticipation

Another credit option is in the form of a loan to advance the payment of the income tax refund. To apply for this advance for organization, you need to indicate which financial institution you prefer. Interest rates for this type are also very low, reaching rates lower than those of payroll loans. It is important to remember that not all banks can pay 100% of the repayment amount, so check with your bank about the feasibility of the loan.

These are the main models of loans to public servants. Of course each case is a case, but it is always wise to inform yourself to carefully analyze your situation. Remember, lending is serious and getting into debt is never the best option. So be very careful and plan to support your decision!


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