Loan with FGTS balance: what you need to know

What is this loan?

The loan using the FGTS balance refers to a type of credit where the worker uses part or all of his/her Severance Indemnity Fund as a guarantee for obtaining credit from financial institutions.

How does the FGTS loan work?

This modality allows the worker to offer the amount accumulated in the FGTS as a payment guaranteeIn case of default, the bank has the right to call on this balance. Because it has a solid guarantee, to the interest rates tend to be lower compared to other types of loans.

What types of loans are there that use FGTS?

FGTS Loan Advance:

Allows you to bring forward your FGTS anniversary withdrawal, transforming the balance into immediate cash.

Loan with FGTS Guarantee for Property Acquisition:

Use your FGTS balance to finance the purchase of real estate, reducing the monthly installment and interest.

Who is this product for?

The loan with FGTS is aimed at workers who have an accumulated balance in the Guarantee Fund and who wish to use this amount as collateral to obtain credit, whether to deal with financial emergencies, acquire goods or for other purposes.

How to get one?

To obtain a loan with FGTS, you must:

1. Check the available balance in your FGTS with Caixa Econômica Federal.
2. Go to a financial institution that offers this type of credit.
3. Present the necessary documentation, such as identification, proof of income and residence.
4. Evaluate the conditions offered and sign the contract.

Main recommendations for this product:

1. Compare the rates and conditions offered by different institutions.
2. Make sure you can afford the loan payments.
3. Avoid committing a large portion of your FGTS by maintaining a reserve for possible future needs.

FGTS loan types:

1.  FGTS Loan Advance: Ideal for those who need quick cash for emergencies or to pay off debts with higher interest rates.
2. Loan with FGTS Guarantee for Property Acquisition: Recommended for those who want to buy a property and have a good FGTS balance, thus being able to obtain better payment conditions and lower interest rates.

How to choose the ideal loan?

We know that choosing the loan that perfectly fits your needs isn't easy. We've put together some tips to help you make your decision easier. Click below to learn how to choose your loan:
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