Clipping of news on Brazilian Culture, Law and Citizenship
01/16/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The average interest rates for both the individual as companies, in December 2012 were the lowest recorded since 1995
The figures were released by the National Association of Executives in Finance Management and Accounting (Anefac).
The overall average interest rate for individuals fell 0.19 percentage point in the month (4.12 percentage points a year), from 5.63% per month (92.95% per annum) in November to 5.44% per month (88.83% per year) in December, the lowest rate in the series (1995).
The interest of trade closed the month of December with 4.06% (a decrease of 0.24 percentage points compared to November). The overdraft stood at 7.82% in December (down 0.1 percentage points compared to the previous month); auto financing by banks registered a rate of 1.52% (a decrease of 0.12 percentage points compared to November); personal loans made by banks, 2.93% (down 0.21 percentage points compared to November and the lowest since 1995) and by financial personal loan, 6.96% (a reduction of 0.46 percentage points, also the lowest since 1995). The interest credit card was stable in the last month of 2012, with a rate of 9.37% (the lowest since 1995).
"Our expectation is that interest rates again be reduced in the coming months due to the improving economy, greater competition in the financial system after public banks promote reductions in interest rates, as well as the expected reduction default rates, "he said in a note to Anefac.
The organization points out, however, that despite the decrease in interest rates, consumers should proceed with caution. The Anefac recommends not compromising much of the budget with debt, make long-term loans, avoid coming in revolving credit card and overdraft, which have the highest interest rates.
"There are lines of credit cheaper as microcredit, which has a rate of 2% per month, pawn jewelry the CEF and the payroll loan discount sheet. So if you need a credit check for the possibility of cheaper loans, "directs the entity.
The average interest rate for general corporate decreased 0.22 percentage points in the month (3.69 percentage points a year), from 3.29% monthly (47.43% per year) in November to 3.07% monthly (43.74% per year) in December, the lowest rate for the series.
Source: CONSUMER-RS with Agencies
Author: Writing
Revision and Editing: Editor
Source: Consumer RS
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This article was translated by an automatic translation system, and was therefore not reviewed by people.