Clipping of news on Brazilian Culture, Law and Citizenship
13/04/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - The average interest rate on the overdraft almost did not change this month, recording a slight drop of 0.02 percentage point over the previous month, as revealed by survey released on Thursday (12) by Procon Foundation of São Paulo.
The average method was 9.52% in the month, against 9.54% recorded in March this year. Among banks, Banco do Brazil, Bradesco and Itau Unibanco lowered his rates by 0.06 pp, 0.03 pp and 0.06 pp, respectively ..
Personal Loan
As regards the rate of personal loan, the research shows that there was a slightly greater reduction of 0.09 percentage points, from 5.87% in March to 5.78% in April.
According to Procon-SP, four banks reduced their rates, especially the Federal Savings Bank, which cut rates by 0.50 percentage points. There was also a decrease in the rates of the Bank of Brazil, Bradesco and HSBC.
The study verifies the charges of the seven largest banks in the country, compared to taking a personal loan for a period of 12 months and overdraft for 30 days.
In stock
Of the banks examined, the lowest personal loan rates for this month can be found in the CEF of 4.90% per month. On the other hand, Itaú had the highest rate for this type of credit in March from 6.76% per month.
In the case of overdraft, the CEF also has the lowest rate among the banks analyzed by Procon, of 8.25% per month, while the Safra has the highest rate of the mode of 12.30% per month.
The following tables show the interest charged in the institutions surveyed in April this year, in descending order, as well as in the previous month, both the overdraft and personal loan for:
Bank Overdraft (a.m.)
Abril/2012 March/2012
Safra 12.30% 12.30%
Santander 9.99% 9.99%
HSBC 9.98% 9.98%
Bradesco 8.90% 8.93%
Itaú 8.89% 8.95%
Bank of Brazil 8.31% 8.37%
Caixa Econômica Federal 8.25% 8.25%
Average 9.52% 9.54%
Source: Procon-SP
Bank Personal Loan (a.m.)
Abril/2012 March/2012
Itaú 6.76% 6.76%
Bradesco 6.31% 6.33%
Santander 5.99% 5.99%
HSBC 5.93% 5.99%
Safra 5.40% 5.40%
Bank of Brazil 5.20% 5.23%
Caixa Econômica Federal 4.90% 5.40%
Average 5.78% 5.87%
Source: Procon-SP
Source: The Day on Line
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This article was translated by an automatic translation system, and was therefore not reviewed by people.