Thousands of Brazilians are expected to withdraw from the FGTS

This equates to an average 6600 Brazilian reals Loan for every person. The volume of operations grew year after year, but between 2021 and 2022 there was a jump, as it moved from Brazilian Real 15.5 billion to 46.8 billion Brazilian reals.

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Still according to the portal the worldBanks attribute the growth of this method to low interest rates, equivalent to those applied to salary loans, from 1.33% per monthEase of hiring and, essentially, payment that is not included in the monthly budget.

In this case, the FGTS balance is in full or… Partially blocked to advance operation.

At Caixa alone, nearly 7 million shareholders received the loan last year, with transaction volume reaching more than R$7 billion.

This year, as of the beginning of the month, there were more than 3.3 million customers who had prepaid R$3.1 billion. In the BradescoFor example, about 700,000 customers have signed up for the loan.

But why is this loan viewed as “risk-free”?

According to considerations Luiz Miguel SantacruBanking analyst at Austin classificationThis credit is interesting for financial institutions because it offers good guarantees and almost no risks, as mentioned above.

According to him, the increase in defaults, household debts and still high interest rates make the line of credit more attractive, because in addition to being safe, it has correct accounting and has been around for many years, which makes it considered “no risk”. .

Santacro also states that banks are more restrictive when granting credit. So, with money in the cash register, they have to decide between investing in public bonds or making loans:

This anticipation of the anniversary of the withdrawal FGTS It’s a way for banks to make more money on public bonds and take less risk compared to other transactions, such as credit cards, which have higher interest rates but are riskier.

See how it’s done in reality…

Just to give you an idea of ​​how useful this method is, clinical analyst African National Congress Join the anniversary looting FGTS To cover the expenses of the house she shares with her husband and two children.

But this time he could not wait until November, his birthday, to withdraw. In August, he requested a one-year advance from FGTS:

“Our circumstances were difficult, and we needed to pay some household bills, so we paid in advance. The problem is if you need it in advance. If you are evicted, I will not have the right to withdraw.”.

Under the current rule, workers who opt out of the date of birth are barred from receiving a full refund of the fund in the event of unfair dismissal, and only receive a 40% penalty on the amount deposited by the company during the employment period.

Anyone who joins and withdraws pays a fee for two years so that they can enjoy the benefits of quitting withdrawal again.

But a new law is about to change Also this*

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