BRZ FEB Payroll Loans Operations


On Apr. 30, BRZ FEB reported banks are ready to grant more loans.


  • BRZ FEB reported that banks are now ready to grant more payroll loans, with a longer grace period of up to 4 months or 120 days for new and old loans per Law 14,131.
  • Operationally Ready
  • Have completed process of adapting institutions' internal operations to adapt to law.
  • Law 14,131, which was enacted on Mar. 30, 2021, increases margin from 30 percent to 35 percent for payroll loans, and allows a grace period of up to 120 days.
  • Payroll Loans
  • Payroll-deductible loans have portfolio of R$446.7bn, according to BRZ CB Feb. data.
  • The vast majority of this portfolio is concentrated on INSS retirees and pensioners' operations and with public servants, and has shown steady growth and drop in rates.

Regulators BRZ CB; BRZ FEB
Entity Types Bank; CU; Thrift
Reference PR, 4/30/2021
Functions Compliance; Operations; Risk
Countries Brazil
Products Banking; Loan; Pensions; Seniors
Regions Am
Rule Type Guidance
Rule Date 4/30/2021
Effective Date 4/30/2021
Rule Id 104310
Linked to N/A
Reg. Last Update 4/30/2021
Report Section International

Last substantive update on 05/03/2021