The federal government is preparing to launch in the coming days a new form of payroll loans for private sector workers: the e-consigned.
in a context of high interest rates on personal credit.
O private consignment It will be released to CLT regime workers with the guarantee that, at least initially, the payment process will be based on eSocial information, the platform that already centralizes the worker’s payroll.
In case of dismissal, part of the FGTS Worker may be used as warranty: 10% of available balance and 40% of the termination fine. However, banks will be free to negotiate this condition.
Sources linked to the proposal point out that a Provisional Measure (MP) will be presented after the four axes based:
- Freedom of interest rates: There will be no ceiling for private consignment interest rates, an important decision after debates about the risks involved. The government has chosen not to limit fees to allow banks to practice different interest rates, according to the risks that each sector of the economy presents. The expectation, according to Finance Minister Fernando Haddad, is that the average rate is around 2.5% per month.
- Access and automation channels: Unlike what the government wanted before, access to credit will not be limited to a specific platform. It will also be possible to hire credit by bank applications and internet banking platforms. Automation of the consignment process and integration with bank data systems should make the process more efficient. It is expected to create a mechanism for the customer to compare the fees and choose the best option.
- Risk modeling and data integration: Credit analysis will consider the worker’s profile, including information such as employment time, salary range, company bond and default. In addition, the size and risk of the company where the worker is employed will also be considered in the credit assessment. The government plans to cross this data with other bases, such as credit ticks, to ensure that the analysis is more accurate and the risk of default are well rated.
- Migration of payroll loans: Currently, there are about R $ 320 billion in loans through non -guarantee personal credit. Workers who already have these contracts may migrate to the new line with more favorable conditions, provided that income commitment does not exceed 35%. Migration will allow a kind of debt refinancing with a more affordable line and reduced interest rates, helping to prevent the worker from overwhelming with more expensive debts. The worker can only hire a new loan if he is within the margin of 35% of compromised income.
Relief for citizens and the government
In addition to relieving workers’ indebtedness, the measure may have an impact on the government’s image.
The elaboration of the project is in the final stages, but is already being discussed for about a year, with the government hoping that the news has a positive impact on the recovery of Lula’s popularity, which.
Discussions and negotiations with financial institutions have been intense, and some issues still need to be resolved, especially with regard to the operationalization of the system.
The government plans to announce the MP between March 10 and 14. The plan is that, after Carnival, President Luiz Inacio Lula da Silva participates in an event to officialize the launch of the private consignment, allowing banks and financial institutions to begin to offer the new credit line.
The government believes that this measure will have a significant impact on credit supply, with the expectation that the payroll line will be offered more accessible, especially considering that many people already have without guarantee personal loans, with much more interest rates, much more high than those that should be practiced in the new model.
