Payroll Loan for Retired, Public and Private Employee


Need money? Do you prefer to opt for a safe and reliable loan? Learn more about payroll loans offered .

It is important to be aware of the fees and conditions involved before you enter into a payroll loan.

Different reasons may lead someone to take out a loan. Given the many options available today, payroll loans are interesting because they are versatile and can be used according to needs. In addition, their fees are directly discounted from the salary or benefit, which speeds up and guarantees their release and discharge.

Payroll-deductible loans are offered to INSS withdrawals or pensioners and employees of public or private companies.

See in this article how it works, the conditions, the advantages and other important information to answer your questions about payroll loans .

How does payroll loan work?

How does payroll loan work?

Account holders have a variety of services and credit options to fulfill their dreams or solve their financial problems. Regarding payroll, the process begins with a credit analysis based on payroll or payroll data. In this way, you will be able to know if your income allows the discounts needed to repay the loan within the standards established , which are:

  • The maximum total loan amount is set based on the amount of salary or benefit received.
  • Payroll portion cannot exceed 30% of salary or benefit
  • Payment must be made in fixed monthly installments, deducted directly from the customer’s payroll or paycheck.
  • If the paying company is from the private sector, it is possible to contract guaranteed payroll loans – in this case, the interest rates applied will differ.
  • Customers receiving INSS benefits can apply for the loan through Internet Banking and self-service terminals.
  • For more information about payment terms and credit release times.

In order to be able to contract the loan, the company or paying agency must have an agreement . This will make it possible and secure to carry out this type of financial transaction securely.

To find out about your company’s payroll deductible agreements, you can consult the human resources department. It is also possible to make an appointment through the telephone or agencies.

After confirming the company’s agreement , it will be necessary to attend an agency with the necessary documents and sign the contract. No guarantor, no hassle – just wait for the endorsement before the credit is released.

Interest rate

Interest rate

Low interest rates are a major attraction of payroll loans. This is because, as installments are deducted directly from salary or benefit, payment is more secure than other loan arrangements. However, it is important to be aware of current values ​​when hiring. In November 2018, the payroll-deductible loan had the following rates:

  • Payroll Tax: 1.83% per month
  • Private Payroll: 2.09% per month
  • Private payroll with FGTS guarantee: 3.05% per month
  • Public payroll: 1.74% per month

What is endorsement?

The endorsement is the authorization granted by the paying agency or company for the discount in the payment amount of the payroll or payroll credit. Thus, the amount of the monthly installment is now discounted with the approval and knowledge of the parties involved.

In order for registration to take place, it is necessary to record all conditions of the loan agreement, such as the agreed rates and terms – this ensures transparency in the process.

Money is only released to the account after registration. Today, this is made easier by electronic media, as using online systems enables faster operations. Thus, once the previous requirements are met, the registration takes place 1 to 2 days after the signing of the contract.


  • Faster process
  • No collateral required for credit release
  • It is possible to advance the repayment of loan installments



  • Be an employee of a company or agency
  • Be retired or permanent pensioner of INSS
  • As an INSS pensioner, have a permanent benefit and be authorized by the agency to take out a payroll loan


Before deciding to take out the loan, it is very important to read the contract, clear all doubts and find out about the fees and amounts involved. Through the Total Cost Effective (CET) document, you can access this information and thus compare the conditions offered by different banks, making sure to make the best choice.

Payroll-deductible loans can be a great solution for repaying small or large debts because your fees are deducted from your salary before it even falls into your account, excluding the possibility of delays and default.

However, having a lower than usual amount to pay for expenses over a few months or years may require planning and commitment. So one must carefully analyze the pros and cons before making the loan. Taking this step recklessly can, instead of bringing a solution, bring many problems.

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