Some Brazilians need a personal financial solution. Payroll loans are one of the best credit methods available to individuals on the market. Itaú consigned loans are aimed at INSS beneficiaries, employees of private companies or civil servants of public entities that have agreements with Itaú.

Today we're going to go into detail about this loan: what its rates and payment conditions are, and how you can take out one!

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Itaú payroll loans: Find out more!

Banco Itaú serves retirees, pensioners and civil servants, as well as employees of private companies or government agencies that have agreements with Itaú.

You don't need a current account to apply for a bank loan. All you need to do is receive your salary through your partner company.

For each client, the installments of the Itaú salary loan will be combined and deducted directly from the client's salary.

The customer has up to 90 days to start paying the Itaú payroll loan, but can go to any bank branch and request a boleto to pay the loan in advance.

After paying off the loan, a new credit line for new rentals will be issued within 5 working days, with a fixed installment and a direct discount on your benefits. You have a maximum repayment period of 84 months.

But remember: this method is not available to people with a negative CPF.

It is important to note that you must have margin available to receive this loan. The margin requirement is the limit that your salary can be used to guarantee borrowers.

Currently, installments of more than 35% of monthly income are not allowed, with 30% for payroll loans and 5% for available credit cards.

Itaú credit simulator: How to use it

However, the central bank sets Itaú's interest rate, which can vary for each customer depending on the amount requested.

Therefore, before applying for an Itaú payroll loan, use the credit simulator provided by Itaú on its website.

Using this free tool, the customer will have access to a sample of the interest rates and installments that the customer must pay on a payroll loan.

How much credit is available at Banco Itaú?

The release limits apply to monthly net income. But the amount requested may better suit the applicant's needs.

Payments in installments are always within the currently defined margin limits. So even those who already have contracts can apply for new payroll loans and use the money for whatever purpose they decide.

The funds will be credited to the specified account in the name of the same holder between 3 and 5 working days. The deadlines for renewing payroll loans or buying debts vary according to the deal.

With the expansion of technology, these deadlines are being reduced because the registration is done digitally.

Positive points of Itaú payroll loans

Discover the advantages of payroll loans Itaú that may convince you to request Itaú's services:

• Anticipation;
• payment time;
• flexibility;

On the other hand, there are some negative points. Here's what they are:

• Credit analysis is required if the customer does not have pre-approved credit;
• Fixed installments;
• Negative applicants will not be able to apply.

When considering other credit services. We can see that Itaú's salary loan has many benefits for its customers.

Advance installments: Can it be done at any time?

People with one or more payroll loan contracts can opt for early payment.

In this case, you will need a bank slip to pay the outstanding balance (the difference between the outstanding balance and the outstanding balance), which does not affect your salary or future benefits, and terminate the previous contract.

Incentives for prepayment include: reduction of prorated interest and release of configurable margin (for new operations).

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How can I get this credit?

You can use the following methods to apply for an Itaú payroll loan:

Via App Store or Internet Banking - You can access your account on your desktop/notebook or cell phone and type "simular consignado" in the search box.

You select the loan amount and simulate the contractual conditions (interest rate, amount and installment value). To confirm the contract, simply enter your card password and check the token.

Using an ATM - Go to the nearest ATM, enter your card, enter your password and select Loan > Payroll Credit and make a simulation.