The Ministry of Labor and Employment published new rules to control interest rates on payroll loans for CLT workers. The regulation establishes limits for the total cost of loans and defines criteria to identify rates considered excessive. The rules take effect immediately and apply only to new contracts.
Payroll-deducted loans are a type of credit where payments are automatically deducted from the worker's paycheck, and since March last year, the Worker Credit program has already moved R$ 121 billion in operations. The Total Effective Cost (CET) encompasses all charges paid by the worker on the loan, including interest, fees and insurance.
The Ministry of Labor and Employment established new rules for CLT workers' payroll loans
Monthly total effective cost cannot exceed the monthly interest rate by more than 1 percentage point
Financial institutions can only charge interest, penalties, late fees, taxes and credit life insurance contracted by the worker
The rules take effect immediately and do not affect existing contracts
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
The Worker Credit program moved R$ 121 billion since March of last year, benefiting 9 million people
Minister Luiz Marinho mentioned possible additional initiatives such as employment link portability and use of FGTS for loan settlement
No gaps declared — all sources converge on the material facts.