Clipping of news on Brazilian Culture, Law and Citizenship
06/12/2017
This article was translated by an automatic translation system, and was therefore not reviewed by people.
7/6/2017
Despite the reduction of the Selic rate, rates did not follow the same rhythm
Interest rate survey conducted by Procon-SP, an agency linked to the Justice and Defense Secretariat of the State of São Paulo, on June 2, points out that only one financial institution that is part of the survey has reduced check rates Special and personal loan. The following banks are part of the survey: Banco do Brasil, Bradesco, Caixa Econômica Federal, Itaú, Safra and Santander.
Special Check - the average rate of the banks surveyed was 13.47% a.m., lower than the previous month which was 13.48% a.m., representing a decrease of 0.01 percentage point.
The fall was promoted by Bradesco, which changed from 13.41% to 13.33% a.m., representing a negative change of 0.60% in relation to the May rate. The other institutions maintained their rates unchanged.
Personal Loans - the average rate of the banks surveyed was 6.35% a.m., 0.02 percentage points lower than the previous month, which was 6.37% a.m.
The change was promoted by Bradesco, which changed from 6.46% to 6.38% a.m., representing a negative variation of 1.24% in relation to the previous month.
The other banks kept their rates. See the table below.
Banks personal loan special check
Banco do Brasil 5.81% 12.84%
Bradesco 6.38% 13.33%
C E F 5.70% 13.55%
Itaú 6.43% 13.15%
Safra 5.90% 12.60%
Santander 7.89% 15.35%
Check out the full research here.
Experts from Procon-SP warn that, given the instability that plagues the country, it is prudent for the consumer to avoid contracting credit, unless it is extremely necessary. In this case, a careful research in the financial market always evaluates several lines of credit accessible to its profile, which offer lower interest rates.
Procon Foundation
Communication Advisory
Source: Procon-SP
To access the Procon-SP website, click here.
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This article was translated by an automatic translation system, and was therefore not reviewed by people.