Clipping of news on Brazilian Culture, Law and Citizenship
07/16/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - Santander has announced that next Wednesday (18) working with the bank will lower interest rates for individuals and corporations.
Banco Santander's decision comes a day after the Monetary Policy Committee (Monetary Policy Committee) to announce cut of 0.50 percentage point in the Selic rate (prime rate). Still, accompanying public banks Caixa Economica Federal and Banco do Brazil, which, on the morning of Monday, reported cuts in their credit lines.
For individuals, the minimum rate of personal loans fell from 1.79% to 1.75% per month and maximum of 6.93% to 6.89%. Even for individuals, the minimum rate of payroll goes from 0.89% to 0.85% per month and maximum of 3.50% to 3.46%.
Juridical Person
As for juridical person, the minimum working capital remains at 1.20% while the maximum fall of 4.49% to 4.45%. The guaranteed minimum interest account goes from 0.96% to 0.92% and maximum of 5.36% to 5.32% monthly. Finally, the minimum interest discounts for duplicate remains at 0.84% per month, whilst the maximum fall of 3.41% to 3.37%.
The new rates go into effect on 18 July, with the exception of the rates of personal loans that will avail from July 20.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.