The Modality of CLT payroll loan It generates debate on social networks and assessments of economists. The discussion is about 10% guarantees from the FGTS and 100% of the termination fine in case of dismissal for the contracted credit.
Available since March 21, the credit line offers a payroll discount loan for workers under the CLT regime, the consolidation of labor laws.
.
The economist and former BBB, Gil do Vigorhe said in a publication made on Monday (24), that the new federal government program could increase the indebtedness of families and affect workers’ financial health in a possible resignation.
“FGTS is a guarantee fund. It’s to ensure your safety. If you are fired and your money is all away, what will you live on?” He asked.
The video totaled 3 million views on Thursday night.
In an X -Post, former Twitter, influencer Nath Finance added that “using FGTS as a loan guarantee may seem like an easy solution, but in practice it increases the risk of indebtedness.”
I say the following, FGTS should not be used as a loan guarantee. If it is to use this way, it is better to release these 10% for the worker to use as he wants than to kiss the banks if the person is fired.
– Nath Finances 💰 (@nathfinancas)
Serasa’s survey shows that at least 73.10 million people were indebted in Brazil. The data is from October 2024 and record the second largest mark of last year, behind only the volume recorded in April.
While the percentage of indebted families was 76.1%, according to the consumer debt and default survey (PEIC), the National Confederation of Commerce of Goods, Services and Tourism (CNC), in January this year.
The coordinator of the Center for Microfinance Studies and Financial Inclusion of FGV (FGVCEMIF), Lauro Gonzalez, evaluates that credit is a necessary member for the economy, but it is necessary to attention due to the income of the population already committed to the payment of debt.
“The most likely scenario is an increase in indebtedness in other credit modalities. People don’t just take this payroll, but end up using other forms of credit as well,” says Gonzalez.
The expert follows the line of reasoning of influencers and points out that the CLT payroll loans can be risky.
Private sector workers may lose their job at any time, unlike the public servant, which has the stability of the position, and retirees and pensioners, who have the payment of the guaranteed benefit.
Another point of attention is the payroll pay period, which means that the income of contractors will be compromised longer.
The FGVCEMIF coordinator lists a series of points of attention in the new loan payroll to CLT:
- Use of credit to pay off previous debts: Many already resort to the payroll to pay old debts, but this strategy has not reduced indebtedness. As the payroll has longer deadlines, there is a higher risk that other modalities of credit are used simultaneously, expanding the commitment of income.
- Increased aggressive credit supply: With the announcement of the government, it is expected a significant growth in payroll credit offers, often insistently and without proper financial analysis, increasing the risk of disadvantageous hiring and over-indebtedness.
- Expansion of the consignable margin and impact on indebtedness: Even before the changes, the payroll already contributed to the excessive impairment of income. Increased consignable margin and prolonged deadlines intensify this situation, leading many to enter a continuous debt cycle, in which new contracts are signed as the old ones are paid.
- Alternatives to the consignment: Instead of prioritizing this modality, the expansion of other lines of credit, such as real estate financing, micro -enterprises and microcredit, could be a more sustainable solution to the economy and workers.
- Regulation of credit card supply: Given the probable expansion of the payroll, measures to mitigate over -indebtedness would be essential. An alternative would be to reinforce credit card supply, imposing more strict requirements for granting such credit.
How to evaluate if the interest rate and the total cost of the loan are advantageous?
In addition to hiring the CLT payroll loan, the user must analyze their budget, identify priorities and assess whether credit is the best option in the family’s financial health, suggests TT & CO’s labor lawyer Caio Bouckhorny.
- To look for: Compare interest rates and conditions offered by different financial institutions.
- CET: Analyze the total effective cost (CET) of the loan, which includes all fees, tariffs, insurance and other expenses involved in the operation. CET represents the real cost of the loan and allows you to compare different options more accurately.
- Simulate: Use payroll loan simulators to calculate the value of the installments and the impact on your budget.
- To analyze: Make sure the installment amount is up to your budget and if it will be possible to pay them without compromising your finances.
- Negotiate: Try to negotiate the interest rate and the conditions of the loan with the financial institution.
Bouckhorny recalls that FGTS, one of the guarantees for the new payroll, is a worker’s right and aims to protect the employee in case of dismissal without cause, serious diseases, home purchase and retirement.
The expert advises to consider how the payroll loans will be used and question the real need for the loan, the purpose of the credit, if there are other exits for the financial situation and if the installments fit the budget.
“If the answer to any of these questions is negative, it is better to rethink loan hiring and seek other alternatives. Consignment credit can be a useful tool for solving financial problems or doing life projects, but should be used responsibly and planning to avoid indebtedness and ensure financial peace of mind,” says BouckHORNY.
The Fixed Income Chief in Suno Research, Guilherme Almeida, states that there was a “negative” reaction to the use of FGTS as a guarantee to the payroll for CLT workers.
The corporate finance expert and capital market explains that there are credit alternatives without the use of guarantees, but at higher cost.
“The market has reacted in a very negative way in relation to this topic of the use of FGTS, although it is only 10%. In the market, there is a possibility that this worker hires alternative credit lines without the presence of warranty. But this brings a cost, which is precisely a higher interest rate than that is observed in the lines of payroll to the worker,” said Almeida.
The expert explains that there are two possibilities in the market. If the worker does not want to give FGTS as a guarantee, he can hire a more expensive line.
However, if you prefer a cheaper line, even if the rates are structurally high, there is the option to offer a warranty.
Who can apply for the new CLT loan?
Workers with a formal contract, including rural and domestic workers, as well as individual microentrepreneurs (MEIs), will have access to the credit line. The worker will have a consignable margin of up to 35% of the salary.
Step by step to release the “worker credit”:
- Access the Digital Work Card app (CTPS Digital);
- Request the credit proposal;
- Authorize banks to have access to the data;
- Proposals will be sent up to 24h;
- Analyze the best offer;
- Hiring through the bank.
How will payments be made?
Monthly, the installments will be discounted on the worker’s payroll through eSocial. After hiring, the worker may follow month by month the payment updates.
What if there is resignation?
In case of dismissal, the amount due will be discounted from the severance pay, observing the legal limit of 10% of the balance of the Service Time Guarantee Fund (FGTS) and 100% of the termination fine.
