Debureaucratization of Payroll-Deductible Credit Begins To Move Forward

Retirees, pensioners and private-sector workers will benefit from new measures

Since the beginning of the year, the Government has sought to make payroll loans more accessible. In February, the Minister of Labor and Employment announced a partnership between the Ministry of Finance, Caixa Econômica Federal and his own department to put into practice a project that aims to reduce bureaucracy in access to payroll loans.

With the new rules, the Digital Work Card has everything it needs to be the new payroll tool for employees of private companies, who will be able to request credit via cell phone and obtain financing directly on the payroll. Thus, credit can be acquired without the need for intermediation from the bank that has an agreement with the company. Approved by the FGTS Board of Trustees, the measure was announced by the Ministry of Labor and awaits publication in the Official Gazette of the Union, as well as changes to the law.

In the case of new INSS policyholders, the Government agency published a Normative Instruction in which it releases the request for credit within the first 90 days of payment, thus easing a restriction that has been in force since 2022. The new rule comes into effect for those who are retired or receive a pension from 2025.

The current flexibility also contributes to the diversification of services and payroll negotiation possibilities. One of the alternatives, for example, is access to credit through payroll funds, such as that of the Raman Group led by Alberto Raman Melo de Souza, which has just launched its own fund registered with the CVM and managed by Monte Capital. The fintech that began offering financial solutions to several companies today has a future portfolio of almost R$400 million, having also acquired VemCard S.A., a company specialized in payroll benefit cards and which has already originated R$200 million in credit rights.

Alberto Raman Melo de Souza emphasizes, “We are closely monitoring changes to the government’s payroll rules, as they directly relate to our area of ​​expertise. Investing in people and technology, our fund arrives at a very opportune moment, when it has never been so easy to acquire credit as advantageous and safe as a loan.

Our intention is to operate up to R$1 billion in credit rights”, informs Alberto Raman Melo de Souza, president of the Group.