FGTS Banco Mercantil do Brasil Birthday Withdrawal Loan

The loan is of the payroll type, which means that the installments are deducted directly from the worker's salary or benefit before he or she even receives it. This reduces the risk for the lender and, consequently, interest rates are usually lower.

The Anniversary Withdrawal from the Service Time Guarantee Fund (FGTS) is a modality that allows Brazilian workers to access part of the balance of their FGTS accounts annually, in the month of their birthday. This option was created as an alternative to the termination withdrawal, which is used in cases of unfair dismissal. To use the Birthday Withdrawal as a loan, it is possible to resort to a practice called “anticipating the Birthday Withdrawal”. In this process, the worker advances the amount he would be entitled to withdraw in the month of his birthday, receiving an amount corresponding to his annual quota.

This advance amount is released by authorized financial institutions, such as banks and fintechs, charging interest rates. It is worth mentioning that the advance payment of the Birthday Withdrawal is a type of credit that involves financial costs, as interest rates and other charges are applied to the advance amount.

Therefore, before opting for this option, it is essential that the worker evaluates his real need and ability to pay the financial obligations that will arise in advance. Furthermore, it is important to be aware of the rules established by the bank or financial institution that offers early Birthday Withdrawal, as conditions may vary from one place to another. The decision to use Saque Aniversario as a loan must be made responsibly, taking into account the costs involved and the impact on the personal budget.