Top & Best Loan for salaried Review 2022 – How to Select Ultimate Buyer’s Guide

Loan for salaried: What is the best in 2022?

If you are a worker with a formal contract and need to borrow money, know that the employee loan is the most suitable modality.

In this type of loan, credit approval is usually faster and interest rates may be lower than normal. In this article, we will show you how to choose the best loan for an employee considering your needs and expectations.

First, the most important

  • Financial institutions have exclusive loan options for salaried employees.
  • Professionals who have a salary account at any bank can obtain the loan for an employee.
  • The credit limit for a salaried loan varies according to the worker’s income.

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Best salaried loans: Our recommendations

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Hiring Guide: All about the employee loan

If you have come to the conclusion that you need a loan it is important to choose the one that offers the best terms according to your situation.

For example, if you receive a salary every month, the ideal is to apply for a loan for an employee. In this Hiring Guide we will take all your doubts about this type of credit.

What is the differential of the employee loan?

If you are a formal worker you have the advantage of having a salary falling in your bank account every month. And that can bring you some advantages.

Among them is the ease of being able to borrow money. This is because, in general, to get a loan from a bank you need to prove that you have the financial conditions to pay back the borrowed money.

It works like this: You ask money from a financial institution and pay it back in monthly installments plus taxes and fees.

But if during the bank’s credit analysis you do not prove to be a good payer, it is very likely that your application will be denied. Therefore, workers with a formal contract have an advantage.

When applying for a salaried loan, you can easily prove your fixed income. And with that, the chances of the loan being approved more quickly will be greater.

Is there a loan for salaried workers without a formal contract?

If you do not have a formal contract, but still receive a salary or have proof of income, know that it is possible that you can get a personal loan.

But the fact is that this will depend on the rules and requirements of each banking institution. For example, some may release credit only if you have a guarantor or guarantor.

While other institutions offer other types of loans in which the interest charged may be higher as collateral.

What are the types of loans for wage earners?

There are different types of loans. In the case of salaried workers, the two most recommended modalities are personal and payroll loans.

The personal loan can be applied for by anyone, as long as they can prove that they will be able to pay the debt. Hence this is a type of loan suitable for salaried workers who can easily prove fixed income.

In this case, to pay for the borrowed money, the employee uses a bank slip or debit account. That is, the payment of the personal loan for salaried persons is not deducted from the salary. However, this type of loan has higher interest rates.

In addition, the value of the personal loan installments cannot be more than one third of the salaried employee’s salary, that is, 30% of the monthly income.

The payroll loan can only be requested by those who work with a formal contract, are civil servants, retirees or INSS pensioners. This is also why this is an advantageous method for the employed person.

In the payroll, the value of the installments is automatically deducted from your salary.

Another difference between these two types of loans for employees is in the form of debt payment. In the payroll, the value of the installments is automatically deducted from your salary, even before it falls into your bank account.

And, as a result, the paycheck payroll loan has much lower interest rates.

It is also worth noting that an important difference between the personal salaried loan and the payroll loan is that in the latter, in general, there is a higher consignable margin, up to 35% of the monthly salary.

That is, in the payroll it is possible that you will be able to borrow a larger amount of money.


Do you know what the consignable margin is?

This is the maximum wage for a formal worker, pensioner, pensioner or civil servant that can be used to pay for the payroll loan.

Can I apply for a negative employee loan?

In general, those who are negative have a harder time getting a loan. Banks and financial institutions understand that because a person has outstanding debt, he is not a good payer.

For this reason, most banks do not grant personal loans to those with a dirty name. The same is true for the salaried loan.

Even if you have a fixed salary, which would facilitate proof of income, the fact is that if you are an employee and still have an active debt, the bank can understand that you are not a good payer.

But it is not impossible for you to get the loan for a negative employee. What can happen is that the financial institution charges very high interest or even asks for goods as collateral.

So if you have a dirty name, you are an employee and need to apply for a loan, the experts recommend that, first of all, you try to negotiate and pay off your debt.

That is, the ideal is that you have your name cleared before applying for a loan, even if you are an employed person.

Where to apply for a salaried loan?

Personal salaried loans are available at most financial institutions, including major banks and also at fintechs.

Fintechs are companies that operate only on the Internet and, therefore, tend to offer credit at more attractive interest rates than traditional banks.

But when it comes to choosing where to apply for the loan, consider a credible institution in the market.

What documents are required for the salaried loan?

Once you choose the best bank to apply for the salaried loan, it is time to prepare yourself to prevent your credit analysis from being denied. To do so, gather all the necessary documentation.

Although financial institutions may request various documents and proof, we have selected the main ones. Are they:

    • CPF and RG ;
    • Last three payslips ;
    • Bank statement of the last 90 days;
    • Updated proof of residence ;
    • Work card for employees working in private companies.


What are the pros and cons of an employee loan?

The fact that you have a fixed income and can prove it, in fact is an advantage when applying for a loan for an employee.

In addition, when you have a salary entering your checking or savings account every month, it is also possible to opt for the payroll loan.

Another advantage is that, in general, the salaried loan is approved more quickly and can offer lower interest rates.

On the other hand, as with any type of loan, credit for workers with a formal contract is also about acquiring a debt. And like any debt, if it is not paid on time, it can increase significantly with the incidence of interest.

To summarize, check out the table below with the main advantages and disadvantages of applying for a loan for an employee:

Hiring Criteria: How to Analyze Salary Loans

Now the time has come for you to discover how to choose the best loan for employees. To that end, we recommend that you consider the following factors:

  • Interest
  • Total Effective Cost
  • Value
  • Installments and term

Below we will explain each of these topics.


One of the most important aspects that you must take into account when applying for a loan for an employee is the interest rate.

And while the interest on the salaried loan may be lower than the traditional one, this rate varies widely depending on the banking institution you choose. In general, the interest rate is calculated per month and can vary between 1.9% and more than 16%.

Total Effective Cost

Another factor that you should assess is the Total Effective Cost (CET). The CET gathers all the charges that you will pay for the loan, including the interest charged on the installments but not just it.

In addition to interest, CET may include, among others, the payment of:

  • Maintenance fee ;
  • Insurance
  • Tax on Financial Operations (IOF).


Next, we recommend that you analyze what amount you intend to borrow. This is because, most financial institutions stipulate a limit of money that can be loaned to the salaried person.

This will depend on your income, your age and the credit analysis performed by the bank. In some financial institutions, for example, credit is already pre-approved in your bank account.

In that case, you can hire the loan for salaried even through the bank’s application.

Installments and term

Also note the amount and value of the installments that you will have to pay monthly until you pay off the debt on the employee loan.

The most important thing is to take into account the period you owe and can compromise your income. In addition, as we have already seen, you should not commit more than 30% of your salary to the payment of the installments of a loan.

And while it may seem tempting to split your payment many times over, remember that this will compromise your income for longer.

Therefore, considering the main banks and financial institutions in the country, the term of personal credit usually varies between six months and 72 months.



The salaried loan is a modality that basically differs due to the fact that the proof of income facilitates the approval of the credit release by the financial institutions.

In addition, it is common for the interest on the loan for salaried workers to be lower. In any case, requirements, fees, values ​​and terms may vary depending on the bank.

Therefore, it is necessary to pay attention when hiring the best loan for wage earners. After all, you must remember that it is a debt and that you need to plan to pay the installments on time until the end of the contract.



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