FGTS Loan from Mercado Pago, Banco Pan and Safra: Low Interest Rates and Fast Approval

FGTS (Brazilian employee severance fund) early withdrawal has become a trend in Brazil for those seeking quick credit with reduced interest rates. At Mercado Pago, Banco Pan, and Banco Safra, you can find competitive rates to advance your anniversary withdrawal without complications.

Starting at 1,29% per month, these institutions offer hassle-free contracting, with funds potentially released directly into a digital account within hours. Those with negative credit histories and those seeking convenience are particularly favored in terms of approval.

The process can be entirely remote: simulate, contract, and track through the app, without waiting in line at branches. You just need to have a balance in your FGTS (Brazilian employee severance fund) and opt for the anniversary withdrawal to submit your request. This option doesn't require proof of income, democratizing access.

Step-by-step instructions for requesting

1. Sign up for the birthday withdrawal option in the FGTS app.
2. In the FGTS app, authorize data sharing with your chosen bank.
3. Access your bank's app (Mercado Pago, Pan, or Safra).
4. Simulate the prepayment, choose installments, and review the terms.
5. Confirm the booking and wait for the payment to be deposited.

Main advantages

The lower interest rate is a major advantage, making the FGTS loan cheaper than conventional lines of credit. Furthermore, it doesn't require a traditional credit check, making it easier for those with low credit scores.

Digital contracting streamlines the customer's life, eliminating the need to visit physical branches. The process is intuitive, and support is usually efficient via app or phone.

Points to note

The amount released will never be 100% of the balance, as fees and charges are deducted. It is important to analyze the Total Effective Cost (TEC) before closing the deal.

Another issue is that, in case of dismissal, the FGTS balance may be withheld to pay off the loan, limiting access to the funds until the contract is terminated.

Our verdict

FGTS loans through the Mercado Pago, Pan, and Safra apps offer very attractive rates and total convenience. For those who need quick and easy credit, the early withdrawal of the anniversary payment becomes an excellent choice.

Run simulations and check the conditions, aligning your decision with your financial planning. Always evaluate the CET (Total Effective Cost) and choose the option that best suits your needs.