Personal credit
FGTS birthday withdrawal advance
An advance on the yearly FGTS instalments you are already entitled to, with the balance itself as collateral.
What it is
Anyone who has opted for the FGTS birthday withdrawal, FGTS being Brazil's mandatory severance fund, can bring forward the instalments of the coming years and receive the money now. The collateral is the fund balance itself, which brings the rate well below personal credit.
Mind the side effect: by choosing the birthday withdrawal you give up the right to withdraw the full balance if you are dismissed without cause. It is a trade-off, and I explain it before you decide.
When it makes sense
- There is money sitting in the fund and expensive debt running
- You are already on the birthday withdrawal and do not use the money
- The alternative would be personal credit at a high rate
How it works
- Balance checkWe look at the balance and how many instalments can be advanced.
- ComparisonI compare the cost across the institutions that offer this line.
- AuthorizationYou authorize the bank to consult your FGTS through the app.
- ReleaseMoney in your account, usually within a few days.
What you will need
- Photo ID, CPF (Brazilian individual tax ID) and proof of address
- FGTS app with the birthday withdrawal option active
- Bank details
The list can change with the institution and the size of the deal. I confirm what is actually required before you gather a single document.
Also in personal credit
Next step
Tell me your goal. The simulation is free and takes fifteen minutes.
If the best offer is the one you already have, I will tell you. If it is not, you will know exactly how much you were leaving on the table.