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The payday loans offered by banks is currently a cash loan option of the cheapest we can ask. In this type of credit, the funds are released to several types of clients, Pensioners and Pensioners of the INSS, Public servants and payroll for workers in the CLT regime.
The payday deductible loan for employees of private companies who want to apply for the loan do not encounter difficulty, simply contact the human resources of the company in which they are employed and request the desired amount, the loan money is deposited directly into the current account if it is approved by the financial institution.
In this type of credit , the value of the installments is deducted from the employee’s payday every month. The payday loan granted is plus interest, the amount granted is based on the income of the contracting official.
Financial institutions release the amount requested between two and seven business days after the contract is formalized, in most payday-deductible credit operations for private-company employees, nor do they need to be a creditor bank account holder. The interest rates applied are low, the maximum term for the credit is defined by the company in agreement with the institution, but the employee can choose among the credit options presented as, number of installments and amount of the credit.
Advantage of payday loans
The advantage of payday loans in relation to other types of loans is that the worker, even with the name with a restriction on credit protection lists such as SPC, SERASA and others, can receive the loan release after an analysis by the bank or financial institution.
With payday deductible loans , the private employee earns much lower interest rates and longer terms, as well as being the fastest way to solve immediate financial problems.
Although paycheck credit is more efficient than personal credit, personal loan, credit card, consortium and overdraft, the contractor has to be aware that it is a loan like any other and must be paid, or can not forget that there will be the commitment of the budget for some time until things normalize or take away all outstanding debts.
It is worth remembering that the main purpose of paycheck credit is to quit, but as – paying off older or more expensive debts – do not use to finance financial help to friends or relatives – travel or relieve the domestic budget momentarily with purchases.
That is why some companies that offer this line of credit , prior to the granting of the loan, make a financial assessment of the proponents to minimize problems with indebtedness and consequently to avoid a bad performance or demotivation of the employee in the work environment because of the concern with the debts.
The contracting of the payday line of credit does not have bureaucracy
The private company official who wishes to make the request, must first check whether the company in which it works has an agreement with a bank or financial institution grants the credit or administers the payday. Another way is to address the category union.
The information required to apply for paycheck credit can be obtained from the employer’s human resources department or by contacting the lending institution itself. The necessary documentation is basic – just RG, CPF and proof of updated address and income.
Another important detail of payday deductible credit , in case the employee is dismissed or dismissed from the company during the period in which the loan is being paid, the employer will have to deduct 30% of the value of the termination of the employment contract for the repayment of the payment of the payday deductible debt . In this way, the debit balance decreases and the value of the installments became smaller according to the agreement.