O Auxílio Brasil payroll loan will be released to beneficiaries this September, said Ronaldo Bento, Minister of Citizenship at a press conference.
At the beginning of August, the President Jair Bolsonaro passed a law to allow this type of credit. A decree regulating the concessions was published two weeks ago, but some procedures prevent the granting of credit.
WHEN WILL THE AUXILIO BRAZIL LOAN BE RELEASED?
Despite being sanctioned, some criteria still need to be defined in the Ministry of Citizenship, among them the complementary standards so that financial institutions can start credit operations.
According to the ministry, the rules are expected to be published by the beginning of next month. This way, the loan can be released to Auxílio Brasil beneficiaries in September.
“The law was approved, sanctioned by the president, soon afterwards the president signed a decree. The ordinance, the system for granting, licensing, homologation of these companies, a series of documents as well. I believe that until the beginning of next month it will be all regulated,” Bento said at a press conference at Palácio do Planalto.
BANKS REJECT THE BRAZIL AID LOAN
Large private banks said that will not offer the line of credit. Among them, Bradesco, Itaú, Santander, Nubank and BMG. According to the minister, this does not mean that the market is not interested in offering credit linked to Auxílio Brasil.
“Today we already have almost 17 financial institutions approved by the Ministry of Citizenship capable of granting payroll loans. It is a number that shows the market’s interest in making payroll loans available to this population”commented the minister, without naming names.
WHO IS ENTITLED TO THE AUXÍLIO BRAZIL LOAN
Anyone who receives Brazil aid You can apply for the loan from the banks that offer the modality.
According to the government, more than 20 million families will receive the payment by the end of August. People registered at BeContinuing Payment Benefit (BPC) are also released to make the payroll loan.
DANGERS OF THE AUXILIO BRAZIL LOAN?
Entities and specialists criticize the offer of consigned credit through the Brazil aid. They say that the measure is dangerous, after all the benefit resources are normally used for basic survival expenses.
With the loan, however, the citizen can have up to 40% of the amount received discounted.
IS THERE A MAXIMUM AMOUNT FOR THE BRAZIL AUXILIA LOAN?
The law approved by the deputies and senators, and sanctioned by the President of the Republic, defines that the payment of installments to the bank cannot use more than 40% of the amount received, of R$400.
Therefore, there is no maximum amount, as long as the installment does not exceed R$ 160 per month to pay the debt.