Early FGTS withdrawal: who can join, how to apply, rules and more 

With the Early FGTS Withdrawal you can bring forward the withdrawal anniversary of your FGTS account by up to 10 years.

This is the ideal option for those who need money to make a dream come true, but don't want to or can't take out conventional loans.

And the possibility of a loan without installments certainly attracts attention, especially from those who want a financial life free of hardship.

But who is this type of loan for? How does the application work? What precautions should be taken when applying? 

We'll look at all this in today's article, so read on! 

Who can make an early FGTS withdrawal?

When it comes to loans, one of the thoughts that almost everyone has is that credit isn't for everyone.

This is because the criteria for analyzing grants are usually very strict.

As a result, only customers with a clean name and an excellent credit history are likely to be approved.

However, this is not the case with early FGTS withdrawals, since the main focus is not on your credit profile.

This is because the balance of the FGTS account itself serves as a guarantee to the bank, which favors payment.

Therefore, in order to be approved, you only need to have funds available in your FGTS account.

In addition, it is also necessary to adhere to the anniversary withdrawal modality, in which it is possible to withdraw 30% of the account value once a year, in the month of the anniversary.

So, as long as you meet these two requirements, your chances of getting credit with this alternative are very high.

It's worth remembering that you can only use the available balance, so amounts withheld cannot be used in this modality.

Learn about the general application procedure 

The procedure for requesting an early FGTS withdrawal is quite simple, and is almost the same for all banks.

All you have to do is authorize the bank to consult your FGTS account information.

We will now look at how this can be done, in detail, so that you can make your request easily.

To get started, enter the FGTS application and log in with your CPF.

Once you've logged into your account, look for the "birthday loot" tab and sign up if the option hasn't already been activated.

Then click on the option to authorize banks to consult your account information.

Once you've done that, go to the app of the bank you want to apply for the loan from and simulate an application.

The bank will then make a brief inquiry into your account to check the amounts available.

Once the analysis is complete, the bank will return with a proposal.

If the proposal appeals to you, simply make the necessary acceptances to complete the application.

Then wait for the bank to reserve the FGTS balance for the loan.

Once you've completed this stage, all you have to do is wait for the loan amount to be deposited into your account.

Remember that this deposit usually takes place quickly, so some banks promise within 24 hours.

Be aware, however, that this varies according to the bank, so check in advance.

Tips for making early FGTS withdrawals safely

By now you know who can take advantage of the early FGTS withdrawal and you understand the application procedure.

But as with all types of credit, this option has its pros and cons.

That's why it's important to take some precautions when applying, in order to guarantee a good deal.

Here are some important tips.

Look for the best offer

Many banks now offer early FGTS withdrawals.

As a result, each one has specific proposals and conditions.

At some banks it is possible to bring forward the anniversary withdrawal by up to 10 years, while others extend it to 12 years.

As for interest rates, they usually range from 0.99% to 1.79% per month.

The second option is almost double, so it's important to evaluate this in order to get a more advantageous contract.

So make a good assessment, and consider several proposals before closing the deal! 

Evaluate the pros and cons

The advantages of the FGTS loan are numerous, and we've already listed them.

However, there are also cons: the loss of part of the FGTS balance to pay interest and the impossibility of receiving a severance payout.

That's why it's important to be aware of both sides, so as not to make a decision you'll regret later.

So make a careful analysis, and if you conclude that it's worth it, look for the best option on the market, in order to close a contract that really helps you financially! 

Anniversary withdrawal: here