Clipping of news on Brazilian Culture, Law and Citizenship
13/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - After the decision last Wednesday of the Monetary Policy Committee (Monetary Policy Committee) of 0.50 percentage point cut in the Selic rate - prime rate - the CEF (CEF) and BB (Bank of Brazil) announced new cuts in their interest rates on credit lines aimed at individuals.
In the CEF were reduced rates of financing of vehicles and credit supply CEF, called the refinancing of property or home equity.
In the first case, the rates that depend on time, share of funding and year of manufacture, were reduced in all age groups. Thus, the previously ranged from 0.75% to 1.75% per month, they begin to vary from 0.75% to 1.63% am am
For new cars, with share of funding of up to 70% of the value of the vehicle and within 60 months, the maximum rate increased from 1.65% to 1.36% pm pm, while for a share of funding 60% the rate was 1.59% to 1.29% pm pm For vehicles with up to two years of manufacture, share of funding of up to 70% and within 60 months, the maximum rate fell from 1.70% to month to 1.43% per month
At Credit CEF contribution rates were reduced in the range 1.35% to 1.55% am am more TR (Reference Rate) to 1.31% to 1.51% am am more TR and maximum loan term can now reach 25 years or up to 300 months.
The new values take effect next week.
Bank of Brazil
At the Bank of Brazil, to individuals, have benefited the lines BB and BB Benefit Credit Loan Construction Material.
Until July 11, the rates of these credit lines ranging from 2.23% to 3.82% per month and 1.55% to 1.98% per month, respectively. Starting today, these rates are between 2.21% and 3.79% per month for credit benefit, and range from 1.53% to 1.98% for construction materials.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.