Banco Master accredited for São Luís municipal payroll loans

The City Hall of São Luís, under the administration of Eduardo Braide, has established a partnership with Banco Master to facilitate payroll-deductible loans for municipal employees. Signed in June 2025, the accreditation allows the bank to process credit deductions, including credit cards, loans, and financing, directly through the city's payroll system.

The agreement is valid for 12 months with the possibility of a one-year extension. Credit availability is subject to the employee's available margin. The contract stipulates that legal obligations, judicial decisions, social and tax duties, and municipal penalties take precedence over bank deductions.