Loans
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A payroll-deductible loan is a popular form of credit among CLT employees, public servants, and retirees. Although it offers lower interest rates, it is essential to analyze factors such as installments, term, and impact on income before taking out the loan. This guide explains how to avoid risks and choose the best option for your needs.
What to Evaluate Before Taking Out the Loan
The actual need for credit should be assessed. Ask yourself whether the debt is essential and whether there are cheaper alternatives. Avoid using the loan for recurring everyday expenses.
Compare interest rates and CET from different institutions. The CET shows the actual cost of the loan over time, taking into account rates, fees, and insurance.
Term and Impact on the Budget
Long terms reduce the monthly installment but increase the total amount paid. Simulate different terms to understand the impact on your budget. Short terms are more economical but require a greater monthly commitment.
Step-by-Step Guide to Taking Out the Loan
Practical guide to avoiding risks and choosing the best option
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1
Evaluate the Need
Confirm whether the loan is really necessary and check for cheaper alternatives.
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2
Calculate the CET
Use the formula (Total amount paid – Amount disbursed) / Amount disbursed / Number of months to compare costs.
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3
Check the Payroll-Deduction Margin
Confirm the available limit with your employer or through Meu INSS and make sure the installment fits your budget.
Interest Rate Comparison
| Type | Interest Rate (per month) | CET (per year) |
|---|---|---|
| Payroll-Deductible Loan | 1.5% to 2.5% | 18% to 30% |
| Personal Loan | 3% to 8% | 36% to 96% |
Important Tips
Always compare offers from at least three institutions.
Avoid taking out the loan for recurring everyday expenses.
Simulate different terms to understand the impact on your budget.
Frequently asked questions
Quick answers to common questions.
What is a payroll-deductible loan?
It is a type of credit in which installments are deducted directly from payroll or benefits such as retirement and pension payments, offering lower interest rates and a lower risk of default.
How do I calculate the CET?
The CET (Total Effective Cost) is calculated based on the total amount paid, amount disbursed, and term. Example: (Total amount paid – Amount disbursed) / Amount disbursed / Number of months.
What is the payroll-deduction margin?
It varies by profile: up to 35% of net income for CLT employees, 45% of the benefit for retirees/pensioners, and 45% of compensation for public servants.
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