Interest

Understand the effect of low of 0.25 percentage points in the Selic rate in the consumer's pocket

11/10/2012

 


To illustrate the effect of the reduction in the accounts of each, economist Miguel de Oliveira, the Anefac, some simulated situations
 
SAO PAULO - The reduction of key interest rate, the Selic, from 7.50% to 7.25% per annum on the evening of Wednesday (10) will have very little effect on loans to individuals, the According to Anefac (National Association of Executives in Finance, Administration and Accounting).

But as this fall affects indeed the consumer's pocket?

At the tip of the pencil
To illustrate the effect of the reduction in the accounts of each, the economist José Miguel Ribeiro de Oliveira, vice president of the Association, some simulated situations, with different types of credit, which may indicate the real impact of the fall in the financial life of the population. Check out:

Modality: Crediário store
Usage: buying a refrigerator for 12 times
Cash value: R$ 1,500
Rate before the fall: 4.55% per month
Rate after the fall: 4.53% a month
Total value of the product in installments (before): R$ 1,979.64
Total value of the product in installments (after): R$ 1,977.38
Difference of R$ 2.26

Modality: Overdraft
Usage: for 20 days
Initial value: R$ 1,000
Rate before the fall: 8.05% per month
After the fall rate: 8.03% per month
Amount paid for interest (before): R$ 53.67
Amount paid for interest (after): R$ 53.53
Difference of R$ 0.13 in period

Terms: Credit card (revolving)
Use: for 30 days
Initial Value: R$ 3,000
Rate before the fall: 10.69% per month
After the fall rate: 10.67% per month
Amount paid for interest (before): R$ 320.70
Amount paid for interest (after): R$ 320.10
Difference of R$ 0.60 in period

Mode: Personal loan - banks
Usage: for 12 months
Initial Value: R$ 5,000
Rate before the fall: 3.45% per month
After the fall rate: 3.43% per month
Total value of the loan (before): R$ 6,190.78
Total value of the loan (after): R$ 6,183.49
Difference of R$ 7.29

Mode: Personal loan - financial
Usage: for 12 months
Initial Value: R$ 500
Rate before the fall: 7.67% per month
After the fall rate: 7.65% per month
Total value of the loan (before): R$ 782.61
Total value of the loan (after): R$ 781.79
Difference of R$ 0.82

Modality: CDC Banks
Use: buying a vehicle in 12 months
Cash value: R$ 25,000
Rate before the fall: 1.70% per month
After the fall rate: 1.68% per month
Total value of the product in installments (before): R$ 40,075.41
Total value of the product in installments (after): R$ 39,874.48
Difference of R$ 200.93

Displacement
According to Ribeiro de Oliveira, this relatively low impact on the consumer's pocket is because there is a pretty widespread between Selic and the fees charged to the consumer, which should fall from 101.64% to 101.18% per year with this new reduction in the basic rate.



Source: Infomoney

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