Clipping of news on Brazilian Culture, Law and Citizenship
09/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Average rate of personal loan in 2012 was 5.54% per month.
Regarding the overdraft, the average rate was 8.59% per month,
Survey Procon-SP Foundation announced on Tuesday (8) states that, despite the fall in interest rates on overdraft and personal loan in 2012, the impact of reductions in the basic interest rate (Selic) "was small" .
"The behavior of interest rates did not follow the movement of the base rate of the economy at the same rate," the report said Procon.
According to the survey which is done by the national monthly average rate of personal loan in 2012 was 5.54% per month, indicating a decrease of 0.12 percentage points compared to the average rate of 2011, which was 5.66 % per month.
Regarding the overdraft, the average rate in 2012 was 8.59% per month, indicating a decrease of 0.86 percentage point compared to the average rate of 2011, which was 9.45% per month.
The report notes that in 2012, the basic interest rate accumulated decrease of 3.75 percentage points. In last year's meeting, held in November, the Committee maintained the Selic at 7.25% per annum.
"The results of our research we observed that the impact of the reductions
Selic interest rates on the loans was small, "the report says.
According to the director of studies and research of Procon-SP, Valeria Garcia, throughout last year the consumer was alerted about the need to plan your budget with discretion and use the credit only in cases of real need. "This year, consumers should remain cautious," she recommends.
The annual survey of Procon involved seven financial institutions: Bank of Brazil, Bradesco, Caixa Economica Federal, HSBC, Itau, Santander and Safra. The annual comparison is done based on monthly surveys conducted by Procon-SP, which captures the interest rates a fixed maximum, the modalities for personal loan and overdraft, practiced on the collection day, not to individual customer preference, independent channel engagement, and for the personal loan the term of the contract is 12 months and for the overdraft period is 30 days.
Source: News G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.