See the fees and whether it is worth ordering

Cash credit of up to R$3,000 will go to R$20 million, including negative

A new way of loan For people who want to do business or already have it, released by Federal Savings Bank. While the credit limit for individuals is up to R$1,000, in the case of individual small business owners (MEIs), can reach up to 3 thousand Brazilian riyals.

Contracts are part of the Digital Microcredit Streamlining Program for Entrepreneurs (Digital SIM card). The initiative was announced by the federal government as a way to encourage the formalization of small businesses and grassroots entrepreneurship.

Caixa Micro Credit Special Terms

See below the conditions set by group served:

For individuals:

Limit: Up to a thousand Brazilian Real
interest rate: From 1.95% per month
condition: Up to 24 months (2 years)
Negatives: can share
Temptation: Via the Caixa Team . app

Who is the MEI for:

Limit: Up to 3,000 BRL
interest rate: from 1.99%
condition: Up to 24 months (2 years)
Negatives: can share
Temptation: In person at Caixa branches

But is it really worth hiring the service?

Looking at rates of 1.95% and 1.99% per month, the two methods add up to 3.60% per month. For professionals, the amounts are low when compared to other lines of credit. However, it is still generally high.

In this sense, it is necessary to be attentive and careful when Apply for a new loan from Caixa. Here’s what Ilian Tanabe, CFP financial planner for the Brazilian Financial Planning Association (Planejar) warns:

“For small entrepreneurs who do not have debt, it can be an interesting credit to make the company grow, but it is necessary to consider whether the interest is worth it according to the profit margin of the company. For those with low profit, the loan installments can end up being waived for an important part of the income.

On the other hand, those who are struggling and in debt can find in Caixa microloans an alternative to hide their finances. However, it is still necessary to have the entire financial regulation strategy at your fingertips, which makes it possible for the loan installments to fit into the monthly budget without difficulties.