Personal Payday loan is useful in a variety of situations, especially in purchases , cash or installments , of products and services. Currently, banks offer cards of different modalities and varied limits.
For you who are already accustomed to the conventional Personal Payday loan model, we present the paycheck-deductible Personal Payday loan: the special card for retirees.
Know the card, its advantages and know in which situations to use it.
Personal Payday loan for retired
The payroll deductible Personal Payday loan is one in which the minimum amount of the invoice is deducted directly from the INSS benefit , regardless of the total amount, determined in 5% of the total value of the income or benefit.
Since the discount is automatic, it is necessary to have a fixed income that guarantees the effectiveness of the payment. That is why the card is exclusive for retirees , INSS pensioners and public servants.
What is it for?
The retired Personal Payday loan has the same features as the conventional Personal Payday loan, but offers more advantages. With it you can make purchases, payments and make withdrawals.
Advantages of consigned card
Compared to conventional Personal Payday loan, paycheck Personal Payday loan offers advantages that contribute directly to its economy and tranquility. Look:
Low interest rates
According to the Central Bank, in January 2019, the average interest charged by conventional Personal Payday loans was 27% per month.
But with the Personal Payday loan for retiree, the consigned card , the interest rates are on average 3% per month , depending on the issuing bank. This is possible because the bank has greater certainty about the effectiveness of payments by customers.
There is no charge or maintenance fee for the consigned card. That is, you do not have to pay to have or keep your card, as with most traditional cards. So, you save your money to use in another purchase or in a personal fulfillment.
No late fee
As the minimum payment of the invoice is deducted from your benefit each month, there is no incidence of fines or interest for delays, as they will not occur. You can choose to pay the minimum amount, or determine a larger amount to clear the invoices in less time.