Best consortia from Brazil: See the complete list! [2024]

The Consortium is the easiest way to get the good you want, because, through it, you pay monthly amounts (usually interest-free) and, when you are selected, you get what you contracted for.

Plus, you can bid to secure the consortium faster, thus speeding up the process. That's why we've compiled a list of the 9 best consortiums in Brazil for you to consider.

Follow the list to find out what your next consortium will be.

What should I know before choosing the ideal consortium?

Choosing the ideal consortium requires careful consideration of several factors. Here are some important things to consider before deciding on a consortium:

• Understand what a consortium is. It is a form of installment purchase in which a group of people come together to contribute monthly and, each month, one participant receives the total amount to purchase the desired good or service.
• Clearly determine the purpose of the consortium. It could be to buy a car, property, travel, among others.
• Research and choose a reliable consortium management company authorized by the Central Bank of Brazil. Check the company's reputation, award history, and complaints.
• Understand all the fees involved, such as the administration fee, reserve fund, and insurance. Compare the conditions offered by different administrators.
• Evaluate the consortium term and the value of the installments. Make sure the conditions are compatible with your financial capacity.
• Understand how contemplation occurs in the consortium. This can be done through a lottery or a bid. Some administrators offer free or fixed bids, and understanding these options is crucial.
• Learn the rules for using the credit provided. Some administrators may impose specific conditions.
• Be aware of the penalties for default. Understanding the consequences is essential to avoid future problems.
• Check for installment adjustments and how credit updates are made over time.
• Please read the contract carefully before signing. Make sure you understand all the terms and conditions, as well as the rights and obligations of the consortium members.
• Consult reviews and opinions from other consortium members about the administrator. This can provide valuable insights into the quality of services offered.
• Run simulations to understand how variations in consortium conditions affect the installment value and the award period.

Remember that choosing the ideal consortium will depend on your needs and financial capacity. It's important to dedicate time to research and analysis before making a decision.

Itaú

The Itaú Consortium is a financial product that brings together individuals and/or legal entities in a closed group, who pay monthly installments, forming a savings account for the purchase of goods, such as real estate and vehicles.

Costs and Fees

Consórcio Itaú charges participants only an administration fee, which is spread over the monthly installments, with no interest charged.

The Consórcio Itaú administration fee is 0.5% per month, calculated on the value of the credit contracted and spread across all monthly installments.

Contemplation process

The award process at Consórcio Itaú takes place monthly through drawings and bidding offers.

Every month, a draw is held for the winner, in which participants with their payments up to date compete for the letter of credit.

Additionally, consortium members can place bids to increase their chances of winning. Bidding works like an auction, in which the consortium member offers an amount they wish to advance from their loan.

After the award, the consortium member's profile and the asset selected are analyzed. In the event of unforeseen circumstances, the share can still be transferred to another person.

Consórcio Itaú is considered reliable and one of the best-rated companies for its operations

Is Itaú Consortium reliable?

Yes, Consórcio Itaú is considered reliable and one of the highest-rated companies for its operations. Itaú is one of Brazil's largest financial conglomerates and offers insurance, pension plans, banking services, and other solutions.

The Itaú Consortium is an option for those who want to plan for a higher-value asset, paying no interest and requiring no down payment. Furthermore, the liquidity of the Itaú consortium resale is also highlighted, because even if the transfer process is difficult, it may still be worth selling the share.

Safe Harbor

The Porto Seguro Consortium is a financial product that brings together individuals and/or legal entities in a closed group, who pay monthly installments, creating savings for the purchase of assets, such as real estate and vehicles.

Porto Seguro offers consortiums for real estate, cars, motorcycles, trucks, buses, solar panels, among others.

Consortium members can be selected through lottery draws or by bidding, enabling them to purchase the desired asset. Porto Seguro has one of the lowest rates on the market and offers respectful, high-quality service.

Costs and Fees

The costs and fees of the Porto Seguro Consortium vary according to the type of consortium contracted.

In general, an administration fee of 0.5% is charged, which is diluted in the monthly installments, and a membership and insurance fee may be charged.

It is worth noting that Porto Seguro has one of the cheapest rates on the market.

Contemplation process

The Porto Seguro Consortium's award process follows the consortium's established rules. The steps after award include:

• Receipt of notification: After being selected, the consortium member will receive by mail an instructions manual with the necessary clarifications and forms for acquiring the asset.
• Documentation: The documentation, essential to start the contemplation process, will be analyzed.
• Acquisition of the property: Based on the instructions and forms provided, the consortium member must follow the necessary steps to acquire the desired asset.
• Credit update: After the acquisition of the asset is completed, the credit will be updated according to the conditions established in the contract.

It is important to note that Porto Seguro offers consortiums for different types of assets, such as real estate, cars, motorcycles, trucks, buses, and solar panels.

Bidding contemplation works like an auction, in which the consortium member offers an amount that they wish to advance from their credit.

Therefore, one way to be considered for membership in the consortium is through the draws that take place every month during the assemblies and are carried out by the Federal Lottery.

Is Porto Seguro Consortium reliable?

Yes, Consórcio Porto Seguro is considered reliable. Porto Seguro is one of the largest insurance companies in Brazil, offering insurance, pension plans, banking services, and other solutions.

The company has a good reputation in the market and is recognized for its excellent customer service.

Additionally, the Porto Seguro Consortium is an option for those who want to plan for a higher-value asset, paying no interest and requiring no down payment. Porto Seguro has some of the lowest rates on the market and offers respectful, high-quality service.

Rodobens

The Rodobens Consortium is a type of consortium offered by Rodobens, a company operating in various segments, including consortiums, insurance, automobiles, among others.

Consórcio Rodobens is a consortium management company with over 70 years of experience in the Brazilian market. It offers consortium plans for the acquisition of movable property, real estate, and services, with the goal of helping people achieve their dreams in a planned and secure manner.

Costs and Fees

The costs and fees of the Rodobens Consortium are as follows:

• Administration fee: is the fee charged by the consortium administrator for the provision of services. The Rodobens Consortium administration fee is 15% of the letter of credit value and is spread over the consortium installments.
• Common fund: The value accumulated through participants' monthly contributions is used to award consortium members through a drawing or bidding process. The value of the common fund is calculated monthly and is published on the Rodobens website.
• Reserve fund: It is an amount set aside to meet the group's potential needs, such as extraordinary expenses. The reserve fund is equal to 2% of the letter of credit value and is distributed among the consortium's installments.
• Lender insurance: It is an optional insurance policy that guarantees payment of consortium installments in the event of the member's death or disability. The value of the loan insurance is calculated based on the member's age and health and is charged monthly.

Contemplation process

The Rodobens Consortium's award process takes place in two ways: drawing or bidding.

In the drawing, the winners are selected randomly, based on the winning numbers. Drawings are held monthly and are broadcast live online.

To participate in the draw, the consortium member must be up to date with their installments and not have any registration restrictions.

When bidding, the consortium member can offer an additional amount to the installment to increase their chances of winning. Bids are accepted until the day of the bidding meeting.

There are two types of bids:

• Common bid: the consortium member can offer any amount above the installment.
• Fixed bid: the consortium member can offer a fixed amount, which is defined at the time of contracting the consortium.

The consortium member with the highest bid wins. In the event of a tie, the consortium member with the fewest outstanding installments wins.

The consortium member can also choose to advance the award by paying an additional fee. The early award fee is 20% of the letter of credit value.

After being selected, the consortium member must submit the documentation required by Rodobens for the letter of credit to be issued. The documentation varies depending on the type of good or service being purchased.

After analyzing the documentation, Rodobens releases the letter of credit to the consortium member. The member has 60 days to use the letter of credit.

The consortium member can use the letter of credit to purchase the desired good or service at any accredited store or dealership.

Is Rodobens Consortium reliable?

Yes, Consórcio Rodobens is trustworthy. The company is a consortium administrator with over 70 years of experience in the Brazilian market. Rodobens is audited by the Central Bank of Brazil and has a management system that ensures transparency and security for all its clients.

Rodobens is a solid company with a good reputation in the market. The company is recognized for the quality of its services and customer service.

Magazine Luiza

The Magalu Consortium is an installment purchase option offered by Magalu, one of Brazil's largest retailers. It's an attractive option for those who want to purchase a durable good, such as a car, motorcycle, property, smartphone, etc., without paying interest.

The consortium's operation is quite simple. Those interested in participating in the consortium purchase a share, which is like a kind of stock that entitles them to participate in monthly drawings or place bids to advance their winnings.

Costs and Fees

The Magalu Consortium costs and fees are as follows:

• Administration fee: The amount paid to the consortium administrator for services provided, such as organizing the group, conducting drawings, and administering the common fund. The Magalu Consortium administration fee ranges from 15% to 20% based on the credit amount.
• Reserve fund: It is a protection fund designed to guarantee the group's operations in the event of default by one or more consortium members. The Magalu Consortium reserve fund is 2% to 5% of the loan amount.
• Lender group life insurance: This insurance guarantees payment of consortium installments in the event of the member's death. Consórcio Magalu's group life insurance is optional and costs between 0.2% and 0.5% of the loan amount.
• Warranty breach insurance: This insurance guarantees payment of consortium installments in the event of loss or theft of the purchased asset. Magalu Consortium's warranty breach insurance is optional and costs between 0.3% and 0.6% of the loan amount.

Contemplation process

The contemplation process at Consórcio Magalu can occur in two ways: through a draw or by offering a bid.

The drawings take place monthly during the assemblies and are conducted by the Federal Lottery. Participants are entered into a competition to win a letter of credit.

Additionally, consortium members have the option of placing bids to increase their chances of winning.

When selected, the consortium member receives a letter of credit for the amount corresponding to the asset they wish to purchase, based on the amount of the loan contracted. This letter of credit enables the purchase of the desired asset.

Is Magazine Luiza Consortium reliable?

Yes, Consórcio Magalu is considered trustworthy. The company has a strong market reputation and is recognized for its excellent customer service.

Furthermore, the Magalu Consortium is an option for those who want to plan to acquire a higher-value asset, without paying interest and without needing to make a down payment.

The company emphasizes that the consortium is a way to realize dreams without paying interest, with affordable installments and the possibility of using FGTS (Growth Fund for Retirement Funds) in the real estate consortium. Magazine Luiza highlights its over 30 years of experience in the market and the satisfaction of more than 89,000 active customers throughout Brazil.

Bank of Brazil

Banco do Brasil offers a variety of consortium options for purchasing assets, such as a home, car, motorcycle, smartphone, tablet, among others.

A consortium is a planned, responsible, and interest-free way to make dreams come true, allowing you to choose the term and amount that suits your budget, with the option of purchasing outright.

The quotas are awarded by lottery or by bidding, which can be done online, and the letter of credit is made available at the time of award, enabling the acquisition of the desired asset.

Banco do Brasil highlights the security and savings provided by the consortium, which is a safe and economical way to acquire a good or service.

Costs and Fees

The costs and fees of the Banco do Brasil consortium are as follows:

• Administration fee: This is the consortium's main fee and corresponds to a percentage of the letter of credit value. In the case of the Banco do Brasil Consortium, the administration fee ranges from 1.5% to 2.5%.
• Reserve fund: It is a financial reserve used to cover potential group expenses, such as the payment of a defaulting consortium member. At Consórcio Banco do Brasil, the reserve fund corresponds to 1% of the letter of credit value.
• Life insurance: This is an insurance policy that guarantees payment of the letter of credit to the consortium member's heirs in the event of death. At Consórcio Banco do Brasil, life insurance is optional and corresponds to 0.1% of the letter of credit value.
• Lender insurance: This is an insurance policy that guarantees payment of consortium installments in the event of involuntary unemployment. At Consórcio Banco do Brasil, the loan insurance is optional and corresponds to 0.25% of the letter of credit value.

Contemplation process

The Banco do Brasil consortium's selection process can be carried out by drawing lots or by bidding.

In the lottery, all consortium members have the same chance of winning, regardless of the bid amount. The awarding process is conducted at monthly meetings held by Banco do Brasil.

To participate in the drawing, the consortium member must be up to date with their consortium installments.

In bidding, consortium members offer amounts to anticipate their award. The consortium member who offers the highest bid is awarded the award.

To participate in the bidding process, the consortium member must be up to date with their consortium installments and have the bid amount available in their checking account.

The bid value can be offered up to 20% of the value of the letter of credit.

After the meeting, the consortium member will be informed whether they have been selected via SMS, email or letter.

The consortium member can also check the results of the meeting on the Banco do Brasil website or at the bank branch.

After contemplation, the consortium member must present the necessary documents for issuance

Is the Banco do Brasil Consortium reliable?

Consórcio Banco do Brasil is a consortium administrator authorized and regulated by the Central Bank of Brazil. This means the administrator is subject to the Central Bank's rules and regulations, which guarantee the security of its members.

Banco do Brasil is a solid financial institution with a long history of operating in the market. This also contributes to the reliability of the Banco do Brasil Consortium.

Mycon

Mycon is a digital consortium company that offers plans for purchasing real estate, vehicles, and renewable energy projects. The company was founded in 2022 and is headquartered in São Paulo.

Mycon stands out for offering the lowest consortium rates in Brazil. The company also boasts a high acceptance rate, twice the market average.

Mycon's consortium plans are entirely online and can be purchased in just a few minutes. The company offers personalized service and a team of people who assist customers through every step of the process.

Costs and Fees

Mycon's consortium rate starts at 9,99%, which represents a saving of up to 50% compared to competitors.

According to the company, this is the only fee and you have transparency when contracting the consortium you want.

Contemplation process

The Mycon consortium's award process takes place monthly, through a draw and bidding process.

All members who are up to date with their installments are eligible to participate in the drawing. The winning member is the one whose share number is drawn.

A bid is an offer for a value higher than the monthly installment. The consortium member who offers the highest bid is awarded the prize. In the event of a tie, the consortium member whose share is closest to the drawn number is awarded the prize.

Mycon's award rate is twice the market average. This means that, on average, 60% of Mycon members are awarded before the halfway point of the consortium term.

Is Mycon Consortium reliable?

Yes, the Mycon consortium is reliable. The company is authorized and supervised by the Central Bank of Brazil, ensuring investment security.

Mycon also has a good reputation in the market, with positive customer reviews. The company has a high acceptance rate, which increases the chances of a consortium member being considered faster.

Additionally, Mycon offers personalized service and a team of people who assist customers at every stage of the process.

Therefore, the Mycon consortium is a reliable option for those who want to purchase a good or service in a planned manner.

Ademicon

Ademicon is a consortium administrator with over 30 years of experience in the market. It is a pioneer in real estate consortiums in Brazil and offers a wide range of products and services to meet the diverse needs of its clients.

Ademicon's consortia are a smart and secure way to realize your plans. With them, you can buy a property, a car, a service, or even invest.

Costs and Fees

Administration fees will depend directly on the type of consortium you wish to acquire.

The administration fee charged by Ademicon Consórcio de Imóveis, for example, is around 0.1% per month, which positions it as one of the most advantageous in the current market scenario.

In addition to this fee, after consideration, life insurance is applied, an essential safeguard for the consortium member's family.

Contemplation process

The Ademicon consortium's selection process is carried out monthly, through a draw or bid.

Each month, a number is drawn among all consortium participants. The consortium member whose number is drawn is selected and receives the credit amount to purchase the desired good or service.

Consortium members can also submit bids to be selected before the drawing. Bids can be made in cash or in kind.

The cash bid is the amount the consortium member offers to advance the award. The winning bid is the highest, within the limit established by the administrator.

The asset bid is the amount the consortium member offers to advance the award, in exchange for goods or services. The winning bid is the one assessed as most advantageous to the administrator.

To be selected by the draw, the consortium member must be up to date with their payments and have their status regularized with all credit protection agencies.

Upon being selected by lottery, the consortium member must pay the selection fee, which is 2% of the value of the letter of credit. The value of the letter of credit is released to the consortium member within 10 business days.

Is Ademicon Consortium reliable?

Yes, the Ademicon consortium is reliable. Ademicon is a consortium administrator with over 30 years of experience in the market. It is a pioneer in real estate consortiums in Brazil and offers a wide range of products and services to meet the diverse needs of its clients.

Ademicon is a solid company with a good reputation in the market. It is authorized by the Central Bank of Brazil and registered with the Brazilian Association of Consortium Administrators (ABAC).

Sicredi

The Sicredi consortium is a type of credit that allows the acquisition of goods and services, such as real estate, cars, motorcycles, educational services, travel, among others.

The consortium works like a planned savings plan, with participants contributing a fixed monthly amount. At the end of the contracted term, all participants are awarded the prize, either by lottery or by bid.

Sicredi offers consortia for various types of goods and services, with customized plans to meet each client's needs.

Costs and Fees

Sicredi consortium fees vary depending on the type of good or service contracted, the payment term, and the value of the letter of credit. In general, the administration fee is the main fee charged by the consortium and represents the cost of managing the group.

The Sicredi consortium administration fee ranges from 7% to 13%, depending on the type of good or service contracted. For real estate, the administration fee is 7%, for automobiles it is 8%, and for services it is 10%.

In addition to the administration fee, the Sicredi consortium also charges other fees, such as:

• Membership fee: This is a one-time fee charged when you sign up for the consortium. The membership fee varies depending on the type of good or service contracted. For real estate, the membership fee is R$1,400,000, R$1,400,000 for automobiles, and R$1,400,000 for services.
• Contemplation rate: This is a fee charged when a consortium member is awarded a prize. The prize fee varies depending on the type of good or service contracted. For real estate, the prize fee is 3%, for automobiles it is 2%, and for services it is 1%.
• Early termination fee: A fee charged when a consortium member decides to terminate the contract early. The amount of the early termination fee varies depending on the contract's payment term.

Contemplation process

The Sicredi consortium contemplation process occurs in two stages: drawing and bidding.

In the drawing, all active group members are eligible to win. The drawing is held monthly at a general meeting and is conducted by an independent auditor.

To be selected by lottery, the consortium member doesn't need to perform any additional procedures. They simply need to be up to date with their payments and be active in the group.

Bidding is a way to anticipate winning. The consortium member who offers the highest bid is awarded the prize, regardless of the draw result.

The bid can be made at any meeting, as long as the consortium member is up to date with their installments and is active in the group.

The bid amount is open, but must be higher than the monthly consortium installment. The bid may be in cash, a vehicle, real estate, or other valuable asset.

If there is a tie in the bid value, the winner will be determined by drawing lots among the participants who made the same bid.

When the consortium member is awarded, he receives the letter of credit, which is a document that represents the value of the contracted good or service.

With the letter of credit, the consortium member can purchase the desired good or service in cash, or finance the remaining amount with a financial institution.

After being considered, the consortium member must present the necessary documents for the release of the letter of credit.

Is Sicredi Consortium reliable?

Yes, Consórcio Sicredi is trustworthy. Sicredi is a cooperative financial institution with over 117 years of history and operations in Brazil. The institution is regulated by the Central Bank of Brazil (BCB), which guarantees the security of its customers.

Sicredi offers consortia for various types of goods and services, with customized plans to meet each client's needs. Sicredi's administration fees are competitive, and the contracting process is simple and fast.

Bradesco

The Bradesco Consortium is a type of credit that allows you to purchase an asset, such as a car, property, truck or motorcycle, interest-free and with fixed monthly installments.

The consortium is formed by a group of people who contribute monthly to a common fund.

Each month, one member of the group is randomly selected and receives credit to purchase the chosen item. If the consortium member wishes to receive their prize early, they can bid at the monthly meetings.

Costs and Fees

The Bradesco Consortium administration fee varies according to the type of asset, the contract term, and the type of award. For automobiles, the administration fee is 1.80% per month. For real estate, the administration fee is 1.90% per month.

The Bradesco Consortium's award rate also varies according to the type of asset, the contract term, and the award modality. For automobiles, the award rate is 1% of the letter of credit value. For real estate, the award rate is 2% of the letter of credit value.

The Bradesco Consortium's loan insurance rate is 0.3% per month.

Contemplation process

The Bradesco Consortium award process can be done through a draw or a bid.

In the drawing, all consortium members have an equal chance of winning. The drawing is held monthly, and the results are published on the Bradesco website.

To be selected by drawing, the consortium member must be up to date with their installments and have no outstanding debts with the consortium administrator.

A bid is an offer made by a consortium member to anticipate their award. The bid can be made in cash or in kind.

A bid is considered a winner if it is the highest amount offered in the month. If there is more than one winning bid, the consortium member with the fewest installments paid will be selected first.

To place a bid, the consortium member must be up to date with their installments and have no outstanding debts with the consortium administrator.

Is Bradesco Consortium reliable?

Consórcio Bradesco is a solid and reliable consortium administrator. The company has over 100 years of experience in the financial market and is one of the largest consortium administrators in Brazil.

Consórcio Bradesco is regulated by the Central Bank of Brazil, ensuring the safety of its members. The company also has a history of excellent customer service.

How to be included in the consortium faster?

Getting selected for a consortium faster can depend on different strategies. Many consortia allow participants to submit bids, which can be free, fixed, or embedded. Submitting a higher bid increases your chances of being selected before the draw.

Some consortiums allow you to use part of the credit amount as a bid. This can be an effective strategy if you have some available funds.

In some cases, it's possible to offer a fixed bid predetermined by the administrator. Check the consortium's rules to understand the available options.

Also note that smaller groups are more likely to qualify. However, the installments may be higher. Consider whether this fits your budget.

Some consortia allow you to increase the value of your installment to speed up the contemplation process.

Remember, when choosing strategies to get considered faster, it's crucial to ensure you don't compromise your financial stability.

Carefully evaluate the available options and choose those that best suit your payment capacity. Furthermore, it's always advisable to consult your consortium's specific rules and seek guidance from the administrator to make informed decisions.

Is it worth joining a consortium?

The decision to form a consortium depends on several individual factors, such as your financial goals, purchasing preferences and economic situation.

A consortium can be an interesting option if you prefer long-term planning and are willing to wait for the loan to be considered. If you need the good or service immediately, other financing options may be more suitable.

If you don't have the resources to pay upfront or don't want to commit your monthly income to traditional financing, a consortium may be a viable alternative.

If you are not in a rush to purchase the good or service and are willing to wait for consideration, a consortium may be a suitable choice.

By analyzing these points, you'll be able to decide whether a consortium is worthwhile. If you find it interesting, check out the options for the best consortiums in Brazil we've presented, choose one, and create your own.

Also, take the opportunity to see more tips on our website.