Know the types of Good lender credit and its advantages
Get to know the main types of Good lendercredit and find out what best suits your needs.
Types of Good lender credit
Good lender offers different credit options for retirees and pensioners of the INSS, municipal, state and federal civil servants, as well as contract workers signed in private companies.
Good lender Payroll Loan
The Good lender Loan is a personal credit modality, in which the monthly installment of the product is automatically deducted from the applicant’s monthly income. This way, delays in the payment of the invoice are avoided, and consequently, delinquency rates are reduced.
The payroll loan interest rates are up to 6 times lower than the interest rates applied on personal loans common in the market, according to data from the Central Bank.
How does the payment work?
The payment of the Good lender Loan is performed by the paying agency for the benefit of the client. It is done through an automatic discount of the beneficiary’s income that happens every month, according to the established limit.
The margin limit determines that only 30% of the borrower’s monthly income can be committed in the installments of the payroll loan. The goal is to prevent the borrower from becoming over-indebted, in addition to ensuring that he will have a monthly amount to keep spending on food, water and electricity.
The paycheck card is an exclusive credit card modality for retirees, which allows you to buy and install products and services in different shops. The difference of this card for the conventional ones is that in the consigned the minimum value of the invoice is discounted direct of the income of the beneficiary. This value corresponds to 5% of the total value of the benefit.
In addition, the consigned card has an international function, and can be used in other countries, or in international purchasing sites. The low interest rates of the card favor its use in different situations, such as making the complementary draw, for example.
Complementary withdrawal is one of the benefits of the consigned card. With it, the cardholder can withdraw up to 95% of their available credit limit at any ATM in the 24 hour network, available throughout Brazil, or transfer to some other active checking account in their name.