Developments: Caixa extends debt repayment period from 96 to 120 months

Caixa Econômica Federal expanded Eight to ten years The maximum term for repayment of renegotiated debts in the bank in the range of Desenrola Brasil. The new deadline is the same as that offered by other banks, such as Banco do Brasil and Santander.

The novelty was announced on Friday (21), the day when State Bank branches opened earlier to serve customers interested in participating in the program. The initiative was a kind of “Victory Day”, but it could happen again.

– We will note the demand and if we see the need, we will reopen our doors earlier on other days – explained CAIXA Vice President of Logistics, Operations and Security, Mônica Monteiro.

In this first phase of the initiative, account holders with an income of up to R$20,000 (tier 2) can negotiate directly with financial institutions to pay the contracted debts between January 1, 2019 and December 31, 2022.

In addition, consumers with debts of up to R$100 will have their names automatically cleared by the banks. This does not mean that debts will be forgiven, but the bank will not enter the debtor’s name into the negative register. Thus, in practice, the debtor can access credit again.

Unlike in September in Group 1 – formed by those with incomes of up to a minimum wage (2,640 R$) or registered in the Individual Register (CadÚnico) and debts of up to R5 000 – the conditions were not set in the first phase of the program by the government. The only condition is that the debt can be paid in at least 12 installments.

See below what each bank offers:

Box

Interest rate: not reported to the bank.
Maximum repayment period: up to 96 months
What are the discounts? From 40% to 90% for cash payment
Where can I renegotiate? on the thematic page of the program on the Caixa website (caixa.gov.br/desenrola/); on WhatsApp, at 0800-104-0104; and in the Relationship Center, at the numbers 0104-4004 (capitals and metropolitan areas) and 0800-104-0104 (other areas)

Bank of Brazil

Interest rate: Depends on customer profile, delay time and type of debt
Maximum repayment period: up to 120 months
What are the discounts? Up to 96% for cash payments
Where can I renegotiate? in agencies; in the BB application; vanking on the Internet (at bb.com.br/renegocie, for individuals, or at bb.com.br/renegociepj, for legal entities); in the Relationship Center, with the numbers 4004-0001 (capitals) and 0800-729-0001 (other regions); Or on WhatsApp, text #renegocie to (61) 4004-0001

Itau

Interest rate: not reported to the bank
Maximum repayment period: The bank has not been notified of this
What are the discounts? Up to 60% off interest rates
Where can I renegotiate? On Whatsapp (11) 4004-1144 and on the website renegociacao.itau.com.br/

Santander

Interest rate: depends on the type of debt
Maximum repayment period: up to 120 months
What are the discounts? Up to 90%, depending on the situation
Where can I renegotiate? at call centers (4004-3535, in capitals and metropolitan areas, and 0800-702-3535, in other locations), or on the website santander.com.br/renegociacao/. In the case of debt financing, the channel is negociemais.santanderfinanciamentos.com.br/. Terms depend on customer profile

Bradesco

Interest rate: depends on the type of debt
Maximum repayment period: up to 60 months
What are the discounts? The bank was not informed
Where can I renegotiate? In branches, at ATMs, in the app, on the website nd-bradesco.negociedigital.com.br/ or via WhatsApp at (11) 4858-5151

Inter

Interest rate: not reported to the bank
Maximum repayment period: up to 36 months.
What are the discounts? up to 90%
Where can I renegotiate? Re-negotiations will be made through the bancointer.com.br/negocie/ portal, through the application or through the call center at 3003-4070