Cash loan is not automatic

The new loan announced by Caixa Econômica Federal, through the application of Caixa Tem, has raised doubts Since it came into effect last Monday (28).

a UOL Consult Caixa to clarify some questions. Among them is that the loan is not automatic and needs approval. Release occurs 10 days after ordering.

According to the state bank, after applying for the loan, it is necessary to undergo an analysis to check whether the person is worthy of credit or not, “as in all private banks,” Caixa reported. The analysis is performed automatically only based on the income information provided.

“Within 10 days after updating your registration, you can simulate and contract the loan in the option “SIM Digital – CAIXA Tem Credit”, if you are approved in the credit analysis (the analysis is performed automatically by the CAIXA Tem app). After contracting, the funds are deposited directly At Poupança Digital +”, according to Caixa in FAQ page.

In addition, the interested party must fulfill some rules:

That the individual is interested in or desires to be an independent entrepreneur, even if informally.
No debts exceeding 3 thousand Brazilian riyals, excluding real estate financing

How to apply for the loan

First, you need to go into the Caixa Tem app – if you don’t have it on your phone yet, you can download it from any app store, Like on google play. Then open the app and tap on “Crédito Caixa Tem”.

When a person clicks on the credit option, a question appears about the destination of the funds, whether it is for a business or other purposes.

If the person chooses “others”, they will be routed to the old type of loan via Caixa Tem, Released in December of last year. This “old” loan is still around, but it charges an interest rate of 3.99% per month.

cash loan to him

Photo: clone / box

Now, if the interested party indicates that they will use the loan for their business, the process continues.

Caixa clarified to the report that in the Caixa Tem 1.57.1 update, the loan button was renamed “SIM Digital – Empréstimo CAIXA Tem”. The application must be in this version.

Next, the interested party must send a copy of the document and a personal photo, to prove that he / herself – a procedure that is also adopted when updating the data.

For individual micro-entrepreneurs (MEI), the process is different: it is necessary to go to the Caixa branch to apply for the loan, which is limited to between 1,500 and 3,000 BRL, at an interest rate of 1.99% per month. You must have had an active registration for at least one year.

And who got the dirty name?

If it fits the entrepreneur’s rules, the only rule that prevents access to the loan is if the person has debts of more than R$3,000 on January 31, 2022. This is the date set by Order No. 660 of the MTP of March 28 starting From 2022:

The rule states “Individuals or individual micro-entrepreneurs (MEI) who have credit operations in banks for a total amount of more than R$3000.00 are not eligible to contract for credit,” the rule explains.

loan rejection

a UOL Caixa wondered about the denials some readers had received. Since it is not possible to analyze each case individually, the agency believes that some of these situations may have occurred due to:

Not be an entrepreneur and do not fit into the YES proposal

You had debts over R$3,000 on January 31, 2022

Or you did not pass the automatic review of the application

It is important to remember that mortgage financing does not meet the “debt” criterion.

If the income information is wrong, it is possible to re-update the registry. However, the 10-day period was resumed.

Caixa’s criteria for loan release are based on information from current enrollment, credit history, and estimated ability to pay at the date of analysis.

“By making the payments in a timely manner, you will establish a history of credit behavior and the relationship with Caixa. Based on this history, in future assessments, the bank will be able to perform new credit analysis and make available larger loan amounts in other modalities,” the bank explains.