Personal Loan Calculator (Brazil)

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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.

How 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

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.

Unsecured credit

Input: Empréstimo pessoal padrão
Expected output: Mais flexibilidade, mas custo costuma subir

Helps compare flexibility vs price.

Full tool FAQ

What is the difference between personal and consignado loans?

In consignado, installments are deducted directly from the payroll or INSS benefit, which reduces default risk for the bank and allows much lower rates, typically 1%–2% per month versus 3%–7% for unsecured personal loans. In exchange, consignado requires eligible employment or a benefit and respects a maximum deductible margin of your income. When available, it is usually the cheapest option.

Does the FGTS loan replace the anniversary withdrawal?

Is there an interest rate cap for loans in Brazil?

Is IOF charged upfront or spread across installments?

Does a lower installment mean a cheaper loan?

What is the difference between nominal rate and CET?

Can I prepay the loan?

How does a credit score affect the loan rate?

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.

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