Serasa and Banco PAN are co-operating to jointly introduce a new form of credit, aimed at improving access to the credit system for more Brazilians and increasing the use of the FGTS. This innovation makes it possible to forecast FGTS anniversary withdrawals up to seven years in advance and with 100% accuracy.

Do you want to know more about the new relationship and the advantages for individuals who apply for a loan with Banco Pan, which offers much cheaper interest rates than its competitors? Check out the following article for more details!

Read also: Caixa FGTS loan: Find out how to take out a loan and the conditions in 2022

How does the new Serasa and Banco Pan credit work?

This new credit will be offered to all workers, even those with a bad credit history, at rates as low as 1.69% per month, well below the market average of over 5%.

The director of Sersa eCred, Amanda Rapouzo, explains that "Brazilians who normally face problems and bureaucracy in accessing credit systems can return to economic life and achieve goals and ambitions with their own resources, thanks to interest rates that are considerably lower than the market standard".

This credit application will be accessible on the Serasa eCred website. The loan will be deducted automatically from your FGTS account, with no effect on your monthly budget.

According to an unpublished survey by the Caixa Opinion Institute, eight out of ten employees are aware that they can consult their FGTS balance and six out of ten are aware of the current value.

The most common reasons for withdrawal are involuntary termination (72%), the purchase of a property (65%) and the month of an anniversary (62%).

The Guarantee Fund for Length of Service (FGTS) was set up with the aim of protecting employees dismissed without just cause. Today, the FGTS can contribute directly to workers' financial lives, for example through the existing balance and the loan model.

What are the benefits of obtaining a loan from Banco Pan?

The main benefits that the bank offers with the new loan are:

• Fast cash: you can have the funds in your account within one working day of approval.
• Low interest rates: monthly rates start at 1.69%, but the market average is still above 5%;
• Negative points: individuals with a bad credit history will be able to seek credit;
• No debts: annual payments are withdrawn directly from the FGTS balance to avoid new obligations.

Without providing proof of income, you can spend the money however you like.

Who can access credit?

To submit a loan application to Serasa and Banco Pan, you must:

• Be over 18;
• Have a FGTS balance of at least R$ 300.00;
• Choose the birthday pick-up option;
• Allow Banco PAN to access your FGTS information.

How to apply for a loan

Start with the FGTS application:

• Access the FGTS app on the Apple Store or Google Play, depending on your operating system.
• Click on the "Birthday Bag" link;
• Accept the conditions and select the "Birthday Bag" option;
• Accept the terms and conditions and approve the FGTS enquiry;
• Choose "Birthday Loan" and allow PAN bank to access your FGTS.

Access Serasa eCred:

• Visit eCred and log in. If you haven't registered, do so now;
• On the home page, click on "apply for a personal loan" and select the FGTS loan modality with early payment;
• Enter the amount of the loan you want in the simulation and click on "search for offers";
• Analyse the various options, select the FGTS advance loan with Banco Pan and submit an application.

Finalise your order through Banco Pan:

• As soon as the order is completed on eCred, a QR code will appear on the screen. Open your mobile phone camera, point it at the QR code and click on the link;
• Then just check your ID and wait for approval!

Find out how to get a loan with Limite na Hora!

Conclusion

Would you like more information about the relationship between Banco Pan and Serasa? Now it's much easier to get a loan, isn't it? With interest rates of 1.69%, it will be much simpler to manage your accounts and restore financial control.

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