Archive April 24, 2019

Credit for Part-Time Workers; Providers That Really Help



Even with a small income


  • Start your loan request now (there is no contract yet).
  • After checking your request, the money is already in your account after 4 days.
  • You just have to accept our offer. If not, then not. No hook, no cost.

Part-time employees are employees whose working hours are lower than usual in the respective sector, other definitions only evaluate a working week of less than thirty hours as a part-time job. The traditional division of the working world into full-time and half-day jobs is now extended by further working time models with different numbers of weekly hours.

Even part-time models exist with the switch between a 40-hour week and a free week. A novelty phenomenon is spurious part-time workers, whose employment contracts only guarantee twenty hours a week, while they work much better when orders are good. This working-time model developed in the call center industry shifts the risk of a weak order situation to the employee.

Borrowing by part-time workers


Virtually no bank rejects the loan for part-time workers solely because of the reduced working hours. The decisive factor for the credit decision is the household income, which is lower for a part-time employee due to reduced working hours than for a full-time employee. If, despite the formal part-time agreement, employees actually work almost the same number of hours as a full-time employee, financial institutions will take into account the contractually agreed minimum working time, if they request a copy of the employment contract.

If only salary statements are to be provided, the budgetary accounts are predominantly based on the lowest proven monthly income. As an extended repayment term results in reduced loan installments, it increases the likelihood that a financial institution will approve the desired part-time loan. Married or part-time employees living together with a partner ideally apply for a loan together with their partner.

A loan for part-time workers in the special form of an installment agreement with a trader can be taken up without difficulty, especially since he only inquires about the income when the loan amounts are unusually high. Also easier than banks are lending platforms for online lending to part-timers.

The private lenders that decide on the award largely take social criteria into account and prefer to lend to applicants who find it difficult to obtain loans through a traditional bank. In contrast to consumer loans from banks, part-timers indicate the intended purpose in their personal loan request, as this contributes to the award decision.

Borrowing for part-time workers with additional income

Borrowing for part-time workers with additional income

Part-time workers often opt for reduced working hours because they want more time for themselves or to take care of their children. However, more and more part-time workers are choosing a limited job in their main job as they pursue another – often freelance – job. In this case, they apply for a loan for part-time employees at a credit institution, which does not only charge the income from the main job in the budget, but also all additional income.

When granting part-time staffing credit, most financial institutions take into account all cash inflows that are not needed on the account, so this loan is also available to part-time workers. The disadvantage, however, is the higher interest rates compared to a installment loan for the credit settled directly via the current account of the part-time employee.




Which is better: consortium or financing for real estate? – Low interest



Buying a property is a life goal for many Brazilians, after all, nothing better than investing money in a place that will be the owner. But before taking such an important step you must evaluate: what is the best consortium or financing for real estate?

Answering the best option to buy your own home: consortium or financing for real estate is not easy as there are many issues involved in the process. It is important to note how much you have to spend.

When talking about which is better: consortium or financing for houses or apartments, people should take into account that there are pros and cons. Ideally, talk to a professional to clear questions, such as your bank manager.

Which is better: consortium or financing for real estate?

Which is better: consortium or financing for real estate?

Financing is a type of contract made through banks, which is much sought after by those who think of acquiring home ownership. It is worth mentioning that, the bank advances or lends the money to the customer to buy the property, but will charge the amount with interest and charges.

In financing, the bank buys the property and the buyer begins to pay the installments every month until the debt is repaid. The maximum term to finance is 30 years, but a longer term tends to increase the value of the benefit and the shorter the time the less the benefit.

It is important to note that the buyer will need to separate a sum of money to give entry to the home financing. The amount can vary from one banking agent to another.

Private banks always follow the guidelines of the Federal Savings Bank and end up charging similar amounts in financing. The financing in the Caixa made through the Housing Finance System (SFH) charges interest from 9% per year + TR and for quotaters using the FGTS the value is from 7.85% + TR.

The consortium, other than financing, is a type of operation in which no interest is charged. A group of people meets through institutions and companies specialized and authorized to form a kind of single box in which all members contribute with monthly fixed amount and a management fee.

However, it is essential to reinforce that the property is not acquired instantaneously with the consortium. What happens is that participants can be drawn and viewed with the letter of credit or bid to achieve it.

Advantages and disadvantages of the financing and consortium

Advantages and disadvantages of the financing and consortium

There are benefits and drawbacks in the consortium and bank financing to buy the home itself. Each person must evaluate their real need and the amount they can spend on the operation.

  • Agility – when the financing is approved the money is already released for the client to buy the property. In addition, it is possible to dilute the parcels over long periods.
  • The interest rates of the financing are high, while in the consortium there is no interest. Another negative aspect of the bank financing is the bureaucracy, since it is necessary to present many documents and the interested party must give a cash entry.
  • The consortium has fewer fees and interest, no entry is required. On the other hand, it is an option for those who do not have an immediate need to live in the property, because getting the letter of credit can take years, you have to wait for the raffles or make a high bid.
  • Entry and value – you choose the amount at the time of hire and there is no entry. Already in the financing, in some institutions you need to have the money in hand to give input (it is possible to finance through the banks’ websites)



10 Aug When is it time to become a Moral Person

10 Aug When is it time to become a Moral Person


Passing your company from a physical person to a moral person is simpler than you imagine and can bring you more benefits in the future. One of the dilemmas that entrepreneurs have is to choose the regime with which they will register their business.

When choosing a regime you should consider different aspects of your venture and the needs you have at the time of starting. If you started your business as a Physical Person with Business Activity, you can still become a Moral Person.

At Konfío we tell you when is the perfect time to become a Moral Person.

# 1 You already have partners

# 1 You already have partners

Maybe you started your venture alone and along the way you have been adding partners to grow. As soon as you formalize your society, it will be necessary to become a Moral Person. This in order that each and everyone have both their rights and clear responsibilities before what the law dictates. In addition to that they could be growing at a great pace and require the most important decision making.

# 2 You have several businesses

# 2 You have several businesses

If you diversified and decided to open more businesses, it is time to create different social reasons. So do not mix the results of each one and you have more financial control, therefore that is a moment to become a Moral Person. Another benefit that you can obtain from this is that by having each of your businesses set up independently, the situations that arise will be treated in the same way. Achieving to support all the heritage that you have achieved.

# 3 Your business bills more than 2 million

# 3 Your business bills more than 2 million

It is important that you keep the accounting of your business in order to check the growth that your company has had during the months or years of your activities before the SAT. As we said at the beginning, entering the tax regime as a Moral Person can bring more benefits to your business, because you could attract attractive investments and prove that you can be a good candidate for credit. So if you’ve already registered it’s time to take advantage of this.

Benefits of becoming a Moral Person


Build your company’s credit history

Build your company

Unlike the Individuals who obtain financing in your name, being a Moral Person you are building a credit history of your business. With this you can obtain better rates and payment terms when obtaining new loans for SMEs. Well, you would be showing the credit performance that your business achieves, specifically the debt capacity it can handle.

You do not pay VAT when acquiring credits

As a Moral Person you can save money by applying for financing. Under this regime you can save the VAT that is equivalent to 16% of the total amount you request. Because under the VAT law, this is one of the provisions that have been created to stimulate business development.

You can deduct your credit

You can deduct your credit

In your annual statement, you can also deduct the monthly interest payments you make to settle your credits. For this it is necessary to have the invoices of the payments made in the name of your company.

Switching from regime to Moral Person will bring benefits to your business. Is your company ready for the change?