Brazil expands credit options with FGTS‑guaranteed loans and FIDC financing

The Brazilian government has approved a new rule allowing salaried workers (CLT) to use their FGTS account as collateral for payroll‑deducted loans. Up to 10% of the FGTS balance, the full amount of the termination fine, or parts of severance benefits can be pledged, lowering the risk for banks and potentially reducing interest rates. The application process is digital, using the Digital Work Card and participating banks, but the FGTS funds remain untouched unless the borrower defaults under specific conditions.

Separately, experts note that credit‑rights investment funds (FIDCs) are becoming a key financing channel for medium‑sized companies facing tighter bank credit. By selling receivables such as invoices, card payments, or contract installments to these funds, firms can obtain liquidity at rates closer to those of larger corporations. The CVM’s Resolution 175 mandates strict documentation and quality assessment of the receivables, emphasizing the importance of debtor creditworthiness and legal safeguards. While FIDCs can broaden access to capital, specialists advise companies to conduct thorough cost‑benefit and legal analyses before proceeding.