The Workers' Credit program has over 29 million simulations in two days of operation.

247 - Since its entry into operation on Friday (21), the new payroll loan model for private sector workers, named Crédito do Trabalhador (Worker's Credit), has registered 29,3 million loan simulations and 2,9 million requests for proposals sent to financial institutions. The data is from Dataprev and was released by the Ministry of Labor in the early evening of Saturday (23), according to the newspaper. The Globe. 

According to the ministry, 6.683 contracts have already been signed based on the simulations performed. Furthermore, access to the Digital Work Card application has skyrocketed since the launch of the new tool. "The volume of access to the Digital Work Card is 12 times higher than the weekly average, considering the last 3 months," the Ministry of Labor stated in an official note.

The new line of credit is aimed at workers with formal employment contracts — under the Consolidation of Labor Laws (CLT) regime — and also at individual micro-entrepreneurs (MEIs). The potential audience is estimated at 47 million people.

With this new measure, the government seeks to democratize access to payroll-deducted loans in the private sector, a type of loan that allows for direct deductions from paychecks. This feature reduces the risk of default for banks, enabling them to offer lower interest rates. In practice, however, the traditional model is still limited and reaches only a small portion of formal workers.

To guarantee better conditions for borrowers, the Minister of Labor, Luiz Marinho, advised workers to wait the minimum time to receive all proposals from qualified institutions before closing a deal. "Workers need to be cautious and calm to analyze the best offer," warned the minister. According to him, waiting at least 24 hours can guarantee more advantageous rates.

The program establishes a limit on loan commitment, and the monthly loan payment cannot exceed 35% of the worker's salary.