Learn how to apply for the Worker’s Loan and secure special terms!

The Worker’s Loan is a practical and fast option for those with formal employment contracts. It offers lower interest rates, making it easier to access credit.

With payments deducted directly from your paycheck, this option is more accessible and secure for both the bank and the worker.

The main advantage is the ease of access since the credit is approved based on the worker’s income, not their credit history.

Want to understand the process and all the benefits? Find out how to apply for your Loan through the Employment Record easily and quickly!

Monthly Interest Rate	Repayment Term (estimated)	Observations
Banco do Brasil	1.46% – 3.00% per month	up to 84 months
Caixa Econômica Federal	1.60% – 3.17% per month	up to 84 months
Bradesco	~1.6% – 3.5% per month	up to 84‑96 months
Itaú	~1.6% – 3.5% per month	up to 84‑96 months
Nubank	~1.8% – 3.5% per month	up to 84 months

What is the Worker’s Loan and How Does it Work?

The Loan through the Employment Record is a practical solution for formal workers who need quick credit with low-interest rates.

This option allows for fast credit release, with payments directly deducted from the paycheck. As a result, the interest rates are lower.

What is the Worker’s Consigned Loan?

The Worker’s Loan is a credit where the payments are deducted from the paycheck. The interest rates are lower because of the salary guarantee.

This loan offers favorable conditions for those with formal employment contracts. The fixed payments make it easier to manage the budget.

With this type of credit, the bank has less risk, making the approval faster. This helps those who need urgent and secure credit.

The consigned loan is an excellent option for those with registered salaries, as payment is guaranteed, and interest rates are lower. This makes credit more accessible.

How Does the Consigned Credit Work via the Digital Employment Record?

Consigned credit via the Digital Employment Record is 100% digital and fast. There’s no need to visit bank branches; everything is done in the app.

The credit analysis is fast because the system automatically verifies the worker’s data on eSocial. This speeds up the approval process.

Once approved, the loan amount is released directly into the worker’s bank account. The payments are deducted directly from the paycheck.

This digital process makes the loan application and credit release much easier. The worker receives a response quickly and can use the money as needed.

What Are the Rules for Applying for the Worker’s Loan?

To apply for the Worker’s Loan, the employment contract must be formal (CLT). You also need to have available consigned margin.

The worker’s data must be updated in eSocial to ensure the application is validated correctly. This simplifies the analysis process.

The application is made directly in the Digital Employment Record app. The worker chooses the bank and checks the credit conditions.

Once approved, the loan is released into the bank account, with payments deducted directly from the paycheck. Everything is simple and fast.

How to Apply for the Worker’s Loan through the Digital Employment Record App?

The Loan through the Employment Record offers a simple way to get credit. The application is made directly through the Digital Employment Record app, with lower interest rates.

The process is quick and hassle-free. In just a few minutes, you get approval, and the credit amount is transferred directly to your bank account.

Step-by-Step to Apply for the Worker’s Loan through the App

This loan was created to make credit more accessible for formal workers, with lower interest rates and no bureaucracy.

The application process is completely digital and done directly through the Digital Employment Record app.

1- Download and Access the Digital Employment Record App: 

The first step is to install the Digital Employment Record app on your smartphone. The app is available for Android and iOS.

2- Log in to the Digital Employment Record App: 

Open the app and log in using your CPF and password registered on gov.br.

If you don’t have a gov.br account, you will need to create one on the official Brazilian government website. It’s quick and easy.

3- Choose the “Worker’s Loan” Option:

In the main menu, look for the “Worker’s Loan” option or something similar (the options may vary slightly depending on the app version). You will be directed to the loan application page.

4- Fill Out the Application Data:

The system will automatically fill in your data related to your employment contract, salary, and financial information (like consigned margin values).

The application is based on the information provided by eSocial, so make sure your data is updated on the platform.

5- Choose the Financial Institution:

The app will present a list of partner financial institutions offering the consigned loan based on your data.

You can compare the rates and choose the option that best fits your needs.

6- Simulate the Conditions: 

The app also offers a loan simulation where you can check:

• Value of the installments
• Interest rate
• Repayment term
• Total credit cost (CET)

7- Request the Loan: 

After checking the conditions and choosing the best offer, confirm the request. The credit will be approved quickly, usually within 24 hours.

8- Sign the Digital Contract: 

If the loan is approved, the contract will be generated automatically in the app. You just need to sign it digitally (no need to leave home or visit a branch).

9- Receive the Money: 

After signing, the loan amount will be released directly into your registered bank account.

The payments will be made automatically via payroll deduction.

How to Choose the Best Loan Proposal from Partner Institutions?

When applying for the Worker’s Loan, you will see various offers from partner institutions. Compare the interest rates to choose the best option.

It’s important to evaluate the Total Effective Cost (CET), which includes all fees besides the interest. This helps you understand the true cost of the loan.

Also, check the monthly installment amount and whether it fits within your budget. Don’t commit more than 30% of your income.

Finally, choose the repayment term that best suits your situation. Longer terms offer smaller installments, but increase the total cost.

Is It Possible to Apply for the Worker’s Loan with a Bad Credit History?

The loan through the employment record is a viable option even with a bad credit history. It offers credit with more accessible conditions.

With the worker’s loan, the payments are deducted directly from the paycheck, which reduces the risk for the bank.

While bad credit may affect the analysis, it doesn’t necessarily prevent approval, especially for consigned credit cases.

If your name is on a negative list, it’s worth trying to negotiate any outstanding debts before applying for the loan to increase your chances of approval.

What Will It Cost? How Are the Installments and Interest Rates Calculated for the Worker’s Loan?

The Loan through the Employment Record offers credit with installments calculated based on income and payment capacity. This ensures affordable conditions.

The installments and interest depend on the amount requested and the term. Understanding the calculations helps you plan your payments without surprises.

What Are the Interest Rates for the Worker’s Loan?

The interest rates for the Worker’s Loan are lower than other types of credit because the payment is guaranteed through the paycheck.

The rates can vary depending on the bank or financial institution. However, because payment is guaranteed, the conditions are more favorable.

Compare the rates from different banks to choose the best option. Some institutions may offer fixed rates or longer terms.

In addition to interest rates, check the additional fees, like administrative charges, that affect the total cost of the loan.

How to Calculate the Installment Value of the Consigned Loan?

The installment value is based on the requested amount and the repayment term. The installments are fixed and deducted directly from the paycheck.

The formula takes into account the interest rate and the number of installments. The amount is adjusted to fit the worker’s monthly budget.

The installments can’t exceed 30% of your income due to the consigned margin. This ensures the worker doesn’t compromise too much of their salary.

Also, check the possibility of amortizing the loan, which can reduce the total amount and interest paid.

What’s Included in the Total Effective Cost (CET) of the Loan?

The CET includes all fees and charges of the loan, such as interest and administrative fees. It shows the true cost of the credit.

It’s essential to compare the CET from different offers. It goes beyond the interest rates and helps you see the full cost of the loan.

The CET can vary depending on the financial institution and the terms agreed upon. Always ask for a detailed simulation.

Understanding the CET ensures you have a clear view of the loan cost and prevents surprises at the end.

What Are the Requirements to Apply for the Worker’s Loan?

The Loan through the Employment Record is ideal for workers with a formal contract. Apply for the credit directly through the app and take advantage of lower rates.

To apply, it’s essential to meet the necessary requirements. These ensure the process is simple and approval is fast.

What Are the Eligibility Requirements to Apply for the Consigned Loan?

The Worker’s Loan is for those with formal employment contracts and verified payment capacity. This makes the credit analysis and approval easier.

You must be at least 18 years old and keep your eSocial data updated. The system automatically verifies your employment.

The consigned margin determines how much of your income can be committed. Usually, up to 30% of your salary can be used for payment.

By meeting these requirements, the application process will be faster and smoother.

Requirement	Description
Formal Employment Contract (CLT)	The worker must have a formal employment contract (signed work contract) with a company.
Minimum Age	The applicant must be 18 years or older to apply for the loan.
Income Verification	The salary registered in the Digital Employment Record or eSocial will be used as income proof.
Updated eSocial Data	The worker’s employment and personal data must be updated in eSocial to ensure proper validation.
Available Consigned Margin	The consigned margin is up to 30% of the monthly salary, meaning the loan installment cannot exceed this percentage.
Bank Account	The worker needs to have a valid bank account to receive the loan amount.
Digital Employment Record App	The application process must be done directly through the Digital Employment Record app, available for Android and iOS.
No Pending Issues in SPC/Serasa (depends on the bank)	Some financial institutions may check the credit situation of the worker in SPC/Serasa to evaluate loan approval.

How to Keep Your Salary and Data Updated to Apply for the Loan?

To apply for the Worker’s Loan, the employment data must be updated in eSocial. This simplifies the analysis of your application.

If necessary, check with human resources to ensure your information is correct. This guarantees the approval process will be fast.

Also, make sure your salary is correctly registered. The credit amount depends directly on this data.

Keeping everything updated in eSocial speeds up the process and avoids errors.

What is the Consigned Loan Limit and How Does It Affect Your Application?

The consigned loan limit is calculated based on the consigned margin. Usually, you can commit 30% of your salary.

This limit can vary based on your income and the number of installments. Knowing your limit helps you plan the application.

When applying, the bank verifies the available limit and adjusts the credit amount based on your payment capacity.

If the requested amount is higher than the limit, you can reduce the amount or adjust the installments.

How to Track the Status of Your Worker’s Loan?

The Loan through the Employment Record lets you easily track the application status via the app. You can quickly check the approval or any pending issues.

Track the status of your loan to ensure everything is going as planned. With just a few clicks, you get real-time access to the progress.

How to Know If Your Loan Was Approved or Rejected?

After requesting the Worker’s Loan, the system performs an automatic analysis. You will receive a notification in the app regarding approval or rejection.

If approved, you will see the details of the amount and terms. If rejected, the app will explain the reason for you to try again.

Track the status in the app for real-time updates, without complications. This makes it easier to manage your request.

How to Check the Installments and Remaining Balance of Your Loan?

In the Digital Employment Record app, go to the loan section. There, you’ll see the installment amounts and the updated remaining balance.

The app shows the total amount to pay, including paid installments and those still pending. You can also set up payment alerts.

Checking your balance is simple and quick, helping you stay on top of your finances. Everything is available in the app for easy tracking.

What to Do If You Find Errors or Discrepancies in Your Loan?

If you notice errors in your Worker’s Loan, check the details in the app. Confirm the amounts and terms of your contract.

If there’s an error, contact the support team of the financial institution. They will fix the information quickly.

If needed, request a contract revision or seek help from consumer protection agencies. Always keep proof of payment to simplify the process.

What Happens If I Get Fired?

If you are fired after applying for a Loan through the Employment Record, it’s important to understand how the situation changes.

With the consigned loan, payments are deducted directly from your paycheck, but dismissal might alter that.

If you are dismissed without just cause, the Worker’s Loan can be paid off using your FGTS balance. The bank can deduct the installments from your available FGTS balance.

If you are in the Saque-Aniversário of the FGTS, you can use this balance to pay off the loan. This can make settling the debt easier.

If there’s insufficient FGTS balance, you can negotiate directly with the bank. They might adjust the installments or offer alternative payment options.

Conclusion

If you are dismissed after applying for a Loan through the Employment Record, know that there are alternatives. The bank can adjust the payment based on your situation.

If the FGTS is available, the installments can be paid off directly using that balance, making debt settlement easier.

If there’s insufficient FGTS, the bank can renegotiate the installments or adjust the payment. This helps prevent financial issues.

Liked the tips? Want to learn more about FGTS Anticipation and how it can help you? Check out the article below and learn everything about this option.