Cheaper credit
- Input
- Consignado no mesmo principal e prazo
- Expected output
- Parcela tende a sair menor
Useful for visualizing the structural advantage of the mode.
payroll loan vs personal loan brazil
Payroll loan vs personal loan: cost and installment
Not every loan with a similar installment costs the same. The credit mode changes far more than the ad usually makes clear.
Continue in the tool
Open full toolHow to compare modes correctly
- Payroll loans often imply lower lender risk and therefore frequently show lower rates than unsecured personal loans.
- But installments, IOF, CET and term still need to be read together to avoid comparing apples to very expensive contractual pineapples.
Useful comparisons
Unsecured credit
- Input
- Empréstimo pessoal padrão
- Expected output
- Mais flexibilidade, mas custo costuma subir
Helps compare flexibility vs price.
Full tool FAQ
In consignado, installments are deducted directly from the payroll or INSS benefit, reducing risk for the bank and allowing much lower rates — typically 1%–2%/month vs 3%–7% for personal loans.
Frequently asked questions
Does a lower installment mean a better loan?
Not by itself. A longer term lowers the installment but can greatly inflate total cost.
Does CET change across loan modes?
Yes. Rates, IOF, fees and contract structure can materially change CET from one loan mode to another.