Personal Payday loan without annuity fee? Come and learn more!

One of the main advantages of payroll card is that banks do not charge annuity fees . That is, there are no worries with charges directed to the maintenance of your card and you save a monthly amount.

In this post, explain to you in detail what a consigned card is and which banks offer this mode of Personal Payday credit.

Personal Payday with no annuity fee: how does it work?

Personal Payday with no annuity fee: how does it work?

The consigned card is a card that joins the functions of the traditional to the benefits of consignate . It is a good option for those who are retired and pensioner or public servant, for offering low interest rate. It is possible to use it to make purchases and to install them in Brazil and abroad, since the cards are accepted in several stores and establishments

In addition, a 95% limit on your payday card can be used for cash withdrawals . That is, the balance amount can be transferred to your checking account and you can use it as you wish. Just go to a bank branch or a 24 hour ATM. As such, it is a worthwhile resource for anyone who pays an extra amount, whether to pay off an outstanding debt or for some emergency.

Who can apply for the consigned card?

Who can apply for the consigned card?

The payroll card is available to public servants, retirees and pensioners of the INSS, since this is an audience that has an uninterrupted fixed income . Thus, the paying agency automatically debits 5% of the borrower’s monthly income for the minimum payment of the invoice of the consigned card. With this, the banks have greater guarantee of the payment of the invoice and avoid the embarrassment with unnecessary charges.

In addition to being a card with no annuity fee, the consigned card is available for negative and has the reduced interest , if compared to a traditional card.

Banks offering payroll card

Banks offering payroll card

Besides being a card with no annual fee and low interest rates, payroll card is u m advantageous feature because it also has other benefits. Check out the main financial institutions in Brazil that offer the consigned card:

  • Available to public servants and retirees and INSS pensioners.
  • Does not compromise the payday loan limit
  • Available to retirees and pensioners of INSS and federal, state and municipal public servants.
  • Limit up to 2 times your salary
  • Interest rates up to 5 times lower
  • Available to retirees and pensioners of INSS and federal, state and municipal public servants.
  • International card
  • Reduced interest rate
  • Directed to INSS retirees and pensioners
  • Available on Elo flag
  • It is not necessary to be an accountant

Ready! Now that you know how the payroll card works and what benefits the major banks offer. Do not waste time and find out in which situations to request the complementary service!

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