Payroll loan SIAPE: how to hire

You already know that a payroll loan is a type of credit that deducts payment installments directly from the borrower's paycheck or benefit. 

In general, this operation is not available to everyone, but to specific groups.

One of these groups is made up of federal public servants, registered in the Integrated Personnel Administration System (SIAPE).

Among the advantages of this modality are release without consulting credit protection agencies, such as SPC or SERASA, lower interest rates and extended payment terms. 

Any active or inactive federal civil servant, retiree, or lifelong pensioner may apply for one or more SIAPE loans. It's important to note that the loan is deducted directly from your paycheck. 

How does the SIAPE loan work?

The SIAPE loan can be paid in up to 96 months with a maximum interest rate of 1.25% per month.

In all cases, it is important to evaluate the Total Effective Cost, which is what will actually be paid in the contract.

Credit release for federal public employees is handled through SouGov. Access to the paycheck issuance system is available through SouGov.

The conditions for hiring are:

• Be at least 18 and no more than 80 years old (policy may vary at each bank);
• Have a free consignable margin;
• That the employing body (paying source) has an agreement with the bank of interest.

What is the hiring process like?

To obtain credit, federal public servants must present documents accepted by banks and financial institutions, such as:

• Personal identification documents (RG, CPF, CNH);
• Proof of residence (recurring utility bill in the name of the holder);
• Updated paycheck; and
• Consignee authorization (issued via SouGov).

After all, due to the particularity of this type of credit concession, the federal public servant who takes out a payroll loan must expressly authorize the deduction from their paycheck, through the Federal Executive Branch's personnel management system (SIGAC).

However, in cases of loan portability, it is also necessary to have the data on the current contract at hand, such as: installment amount, number of installments, value of installments, remaining balance, Total Effective Cost, among others.

This information will serve as a basis for the new bank to make an assessment of the financial transaction.

To take advantage of a loan, you need to understand all the options available. This way, you can identify the right loan for your needs.

A SIAPE loan worth knowing about is BXBLUE, which has special conditions for you, public servant.