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Does the Social Margin have amounts released? Find out more about the benefit
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The social margin is the bill (n. 4732/20) authored by Deputy Pompeo de Mattos – PDT/RS, on the initiative of lawyer Sandro Lúcio Gonçalves.
What is the Social Margin?
The Social Margin will be a new line of credit, financed by public banks, designed to release loans with a margin well above normal, reaching enormous amounts.
What will be your benefits?
The new line of credit will maintain low interest rates on salary loans, but can reach salary loans of up to 20 thousand reais per person, thus helping the most affected population, pensioners and retirees.
Check out the Social Margin rules table:
- If the Salary Loan Margin balance of 35% is negative, you can still use the social margin;
- Valid for all modalities, not just INSS beneficiaries;
- Then the credit limit is up to R$ 20,000 per beneficiary;
- Grace period of up to 120 days for payment;
- Interest rate of up to 5% per year;
- IOF exemption;
- The charging of fees, fees, commissions, third parties, returns or other types of charges upon loan release is prohibited.
Who is it intended for?
PL 4732/2020, releasing the social margin, aims to benefit the following groups:
- Pensioners and Retirees;
- Public Service Employees;
- Military.
Therefore, BPC/LOAS beneficiaries will be disqualified from the benefit.
To finalize the project, it will be analyzed by the Social Security and Family Commissions; Labor, Administration and Public Service; Finance and Taxes; of Constitution and Justice, and Citizenship.
Extended Payroll Loan Margin
For those who need credit now and don't have time to wait for the Social Margin, the extended consigned margin runs until July 15th, but can be extended.
As long as the measure remains active, the margin on payroll loans will increase to 40%, with 5% spent on payroll credit cards.
Payroll loans are an excellent option for people who are in debt or have negative debts, as they have the lowest interest rates on the market.
The margin on payroll loans is still valid, allowing borrowers to have up to 40% of margin until the 15th of July!
Therefore, look for a trustworthy bank or finance company to make a loan with an extended margin before the benefit ends!
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About the author / Tiago Menger
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