Does Bolsa Família offer loans? See if it's still possible!

O Bolsa Família makes loans? In 2022, the Government launched a special credit modality for low-income families who have the benefit.

But do you know how it works and if it is still possible to hire this modality?

So check out everything we've prepared so you can stay up to date with the latest updates and understand if it really is Bolsa Família makes loans.

What is Bolsa Família?

Bolsa Família was created in 2003 as a Federal Government income transfer program.

Therefore, its main objective is to benefit families in vulnerable situations, that is, families with a monthly family income of up to R$218.00 per person.

In this way, the amount transferred to families in 2024 is R$ 685.00 may increase according to the specific conditions of each family.

With this, Bolsa Família helps families to meet their basic needs, such as food, health and education.

In a way that causes a great social impact on the lives of several families living in vulnerable situations.

Does the Bolsa Família Program provide loans?

But if the program is a government aid, like the Bolsa Família makes loans is a question that many people have been asking themselves.

So know that yes, in 2022 the loan modality will be released for beneficiaries of BPC (Continuous Benefit Payment) and Auxílio Brasil.

In this way, the Bolsa Família makes loans and the amount is deducted in installments directly from the payroll.

In other words, it's like a secured loan, to be clearer, as the amount received from the Bolsa Família benefit acts as a payment guarantee.

Therefore, in 2022 it was possible to use up to 45% of the amount received by Bolsa Família, divided into:

• 35% for payroll loans and financing;
• 5% for payroll credit card;
• 5% for benefit expenses.

But why was possible?

Well, in 2023 CAIXA announced that the Bolsa Família loan would be suspended for an indefinite period.

Therefore, there is no forecast for the return of the modality, and if you had any doubts about it, Bolsa Família makes loans, know that for now no.

Why was the Bolsa Família Loan suspended?

Although demand for loans was high, both in 2022 and 2023, the modality was suspended by the STF (Supreme Federal Court) at the very beginning of 2023.

In this way, the STF alleged the cancellation due to the high debt rates of the beneficiaries, since the discounts reached installments of up to 24x.

This could compromise the financial well-being of the families benefiting from it, since the real objective of the program is to promote basic needs and not a line of credit.

When will the loan be released?

The suspension carried out in 2023 provides for adjustments to the rules, but for now neither Caixa nor the Government have confirmed whether Bolsa Família will make loans again.

However, as there is an update to the rules, there may be a possibility of a return.

Therefore, keep an eye on our updates so you don't miss out on the progress of the proposals.

If you return, how do you apply for the loan?

As we mentioned earlier, it is important to be up to date with all updates.

So if it comes into force again, be prepared and ensure that all requirements are met.

• Keep your CadÚnico always up to date;
• Make sure your Bolsa Família registration is active;
• Have all the required documents and receipts on hand;
• You can apply directly at a Caixa branch or you can also do a credit simulation and analysis through the website.

Who does Bolsa Família lend to?

In addition to the loan aimed at people enrolled in Bolsa Família, there are still some requirements to make the request, check it out:

• The family must have a total monthly income of up to half the minimum wage, or the sum of total incomes of up to 3 minimum wages;
• You must be registered with CadÚnico;
• And finally, the family must be receiving Bolsa Família.

Documentation required to apply for the loan

If you are planning to apply for a loan, the first step is to confirm whether the bank is offering the option again.

So, if you return, check the documentation required to make your request:

• Photo ID (RG or CNH);
• CPF;
• Proof of residence;
• Proof of registration of CadÚnico and the Family Grant;
• Work permit.

It is worth remembering that it is not just about BOX that the Bolsa Família makes loans, other banks also offer credit as Agibank, Crefisa, Daycoval, Pan Bank, between others.

This way, everyone can request specific documentation and requirements.

Conclusion

Bolsa Família only had its loan modality in 2022, which was suspended at the beginning of the following year due to the possibility of high debts.

However, the project has had its rules reformulated and are under analysis, which could make the return of the Bolsa Família loan possible.

But it is worth remembering that it is always good to keep your updated data.

Not only to apply for your loan if approved, but to not to lose your benefit.

So, follow the entire evaluation process and be sure to stay up to date. all updates that we offer here so you don't miss anything!