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Interest

Procon-SP alert consumers about the new interest rates

15/05/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 




SAO PAULO - The Foundation Procon-SP is warning consumers to research the new interest rates offered by public and private banks before choosing the rate that best meet their needs.

According to a survey by Procon-SP, were found insufficient and conflicting information.

"The consumer orientation that it is best to choose search, but it is the obligation of financial institutions to clearly inform teaching and everything about the product being purchased, including data on possible risks and losses," says chief executive Procon-SP Foundation, Paulo Arthur Góes.

Banks
The survey took into account the reductions made by each bank and its related disclosures. See the table below:

Bank Overdraft
Caixa Economica Federal Check Special: the institution announced the reduction of interest rate overdraft, however, the minimum rate is only available to customers who have a score over 2500 with the bank information is only available on website.
Credit Card: Have the new credit card will only be offered to those who have an account, pay in CEF.
Direct Credit Cash - CDC: CDC offered by Cash, may end up being hired by a higher interest rate if the consumer does not receive the institution's salary or benefits.
Payroll: available for INSS retirees and pensioners or employees of companies that have agreements with the bank. Thus, the reductions announced by the FEC does not automatically equal and reach all stakeholders.
Advance Income Tax: Now, the bank has a single rate, however, when comparing the difference compared with the higher rate. Moreover, continues to have monthly fees and the comparison with the annual fee.
Blue Cash Credit Line: This product is offered to consumers repay their debts. It's actually a new loan that the box will only be granted upon review register and request warranty. On the site there is information about the analysis to extend the credit, only asks for the consumer to contact the contact center.
Benefits for Servers Salary Account: the applicant must assess whether it is good to join a monthly expense for the benefits advertised, since there are a number of bank fees that are free and must allow the consumer to move your account without cost.
 
BB Crediário Bank of Brazil - Financing properties: for any line of credit is a condition the person has a current account at the Bank of Brazil. On the website, the bank announced that all claims are subject to "approval cadastral and other conditions of the product." Fees vary according to the amount of credit required and the deadline for payment. The longer the term, the higher the interest rate. In addition, the bank requires the signature of a contract of adhesion.
Vehicle Financing: the bank announced that there is no built-in tariffs, however, consumers should know that the rates vary according to the payment deadline and no incidence of IOF on the fees.
INSS payroll: it does not take account holder's bank to obtain this credit, but the bank informs the site where the claim is "subject to approval cadastral and other conditions of the products." On the other hand, the other website does not report interest rates.
Social Security Benefit Credit: A reduction in fees is allowed only for account holders and has a package of services of r$ 6.70.
Credit 13th salary: to access the reduced rate is necessary to take account corrende in the bank and join a service package.
Credit Cards: The minimum rate is only for consumers who receive the salary in the current account of the institution, and join a package of services ranging from R$ 6.70 R$ 54.00.
Installment Credit card: insufficient information about who has access.
Overdraft: to access the lower rate is necessary to adhere to a service fee, in addition to having current account and investment in the institution. In installments, does not report the maximum rate that may be charged.
BB Auto Loans: to gain access to this credit, the applicant must have a current account at the bank.
Employees: the bank announced a series of special benefits for those who receive their salary in the bank, however, these benefits are accessible only to those who adhere to tariff packages.
 
HSBC Auto Financing: reduction covers only the CDC, which was not informed in the notice of reduction.
Payroll: access to the employee, the company must have an agreement with the bank.
Personal Loans: The advertised rates may not understand the various personal lines of credit that the bank offers. Credit lines are distinct and have different conditions of employment. On the website, the bank reports that the TEC (Total Cost Effective) credit is only informed after the definition of the conditions of the loan.

Itaú There are two types of financing vehicles offered by this bank. Just announced the reduction of the minimum rate. This reduction is only for account holders for over a year in transactions with 50% split into input and 24 months. In other circumstances, the fee can vary, but could not find accurate information on the website of the bank, especially as the maximum rate. Besides the interest rate, the financing vehicle for the collection of IOF, fees and other expenses.
 
Bradesco Auto Financing: The bank said only the minimum rate, and beyond the interest rate, there are other charges that consumers need to evaluate.
Personal loans: for each type of credit there is a different condition, but the bank in a generalized form in the ad.
Payroll, the bank works with two distinct lines of credit, one for recipients of Social Security and another for other workers. This latter can only access to credit if their employer has an agreement with the bank.
CDC Assets: Bank announced reduction of the minimum rate for a credit line called generically "CDC Goods", but works with different types of credit available to purchase specific goods and services. CDC rates for each are different and there may be variation within a single type of credit, in accordance with the terms of installment.

Santander announced only on 17/04 promoted the bank reduced interest rates for customers who build up an individual account (PF) and has a legal entity (PJ) and 18/04 a new way of current account, with new benefits, and finally
in 26/04, states that still studying the reduction of interest rates
 
Source: Fundação Procon-SP


Source: News Agency

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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