According to the Ministry of Labor, change allows for discount loans to be transferred to institutions at lower rates
Private sector workers with a formal contract will be able to carry out the portability between financial institutions from this Friday (6.jun.2025). The measure, released by (Ministry of Labor and Employment), allows payroll discount loans to be transferred from one bank to another in search of lower fees.
This modality is different from portability, which allowed to convert other types of credit, such as CDC, overdraft or credit card, for payroll.
The initiative mainly benefits the holders of former payroll loans contracts, closed before authorization to use the FGTS (Service Time Guarantee Fund) as warranty.
To do portability, workers need to look for financial institutions directly. MTE intended to release the service through the digital work card, but the system was not ready in time.
According to the ministry, 70 financial institutions are qualified to operate the sport. With the implementation of portability, banks that hold original contracts can cover the offerings of the institutions to which workers wish to transfer their loans by offering lower interest rates.
Implementation steps
The portability of the payroll loans is the latest in a series of measures implemented by the federal government:
Data on loans
The last balance on May 27 shows that nearly R $ 13 billion were loaned to 2.3 million workers with a signed sector portfolio through the new FGTS warranty line of credit.
The average value per contract with an average provision of R $ 316.54 within 17 months.
The states with the highest volumes of contracted credit were São Paulo (R $ 3.5 billion), Rio de Janeiro (R $ 1 billion), Minas Gerais (R $ 1 billion), Paraná (R $ 866.2 million) and Rio Grande do Sul (R $ 854.8 million).
The new payroll, implemented after March 21 with FGTS warranty, has already reached R $ 13.9 billion in 25 million contracts.
During the mode of private payroll loans, on May 12, the Minister of Labor Luiz Marinho stated that “the government can establish interest rates in the future ” look for “Note that the financial system is abusing.”
Regarding the FGTS-Anniversary, Marinho also said that those who used his anneate withdrawal could hire the new form of the payroll.
Payroll numbers
According to MTE, there are 3.8 million contracts in the old payroll model, which total $ 40 billion in loans. The government’s goal is to benefit these workers by offering lower rate contracts.
According to BC (Central Bank) data, the average interest rate of payroll loans to the private sector. This percentage is more than double the rates practiced for retirees (1.81% per month) and public servants (1.96% per month) in the same period.
Other lines of credit presented even higher rates in April: personal credit not assigned (6.21% per month), overdraft (7.49% per month) and revolving credit card (15.15% per month).
