Clipping of news on Brazilian Culture, Law and Citizenship
09/05/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Credit rate remained at 5.22% per month in May, according to research.
Average interest on overdraft stood at 7.92% per month.
The average interest rate charged by banks on personal loan and overdraft in May remained at the same level as in April, according to the survey ProconSP, released on Wednesday (8).
According to the survey conducted on May 3, although one of the seven banks surveyed have increased their rate of personal loan, there was no reflection on the average rate.
In the case of overdraft average rate remains at the same level since November 2012. The average banks surveyed remained at 7.92% per month.
In the personal loan, the average rate of the banks surveyed remained at 5.22% per month, the same as the previous month, due to rounding of decimal places.
For technical advisor Procon-SP, Cristina Rafael Martinussi, consumers should still keep cautious and loans should only be taken in case of need, so do not become a trap for those already committed to the budget. "If it is absolutely necessary to hire a loan, you need to examine the various alternatives available credit, prioritizing the settlement of its debts," she recommends.
Source: G1 - News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.