Clipping of news on Brazilian Culture, Law and Citizenship
12/03/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
It is the 5th consecutive month with the same average rates.
Procon directs consumers to be cautious when hiring credit.
Interest rates charged by banks on overdrafts and personal loans were flat in March compared to February, according to a survey of Procon-SP Foundation announced on Friday (8).
In the case of the check, the average rate of 5.35% is checked monthly. In personal loan of 7.92%. It is the fifth consecutive month in which these forms of credit have the same average rate.
The research of interest rates was made on 1 March, the Bank of Brazil, Bradesco, Caixa Economica Federal, HSBC, Itau, Santander and Safra.
Among the banks surveyed, the highest interest rate on personal loan has been verified at Itaú, of 6.56% per month, while the lowest was the Caixa Economica Federal, 3.88%. The box also has the lowest rate on overdraft of 4.27%, while the largest is that of Santander, of 9.87% per month.
"Consumers should continue planning your budget and not borrow without the necessary caution. Before any contract, the consumer must be aware of the total cost of operation, and its ability to pay. It is also important to avoid hiring various funding modalities simultaneously, which can lead to default, "guides the Procon-SP.
Source: G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.