Payroll Loan and Personal Loan: What’s the Difference?

If you have ever needed to get a loan to cover an emergency, you probably know the payroll loan and personal loan. But can you tell the main differences between them?

This is why we have listed the main features of these two types of loan so you can find the one that suits your profile. Check out!

How payroll loans work

How payroll loans work

Payroll-deductible loans are loans to retirees, private sector employees, civil servants and pensioners.

Moreover, its great advantage is that it has lower interest rates than overdraft, with direct payroll deduction, which makes it possible to contract even in the case of a “dirty name”, and also allows it to split into installments. long term.

How Personal Loan Works

The personal loan is intended for consumers who have links with the financial system and its services (checking account, salary account, check, credit card).

As well as, in this case, it is necessary that the consumer has the name clear, because it performs the query name in SPC or Serasa. Interest rates are variable and the payment period is usually up to 24 times on average, by bank slip, check or automatic debit to the current account.

Payroll Loan Comparison and Personal Loan


Analysis Time

Payroll-deductible loans have faster data analysis, as the bank checks only the personal characteristics of the borrower, such as age, retired or INSS pensioners, public servant (SIAPE, state or municipal) and mainly if it has a consignable margin.

In the personal loan analysis is more detailed because one of the most important issues for release is proving income. Verify that it matches the loan profile and borrowed amount. It takes longer too, because there is no centralization and control of data in standard system as in payroll. Most personal loan companies develop a specific approval model.


For the payroll loan, the required documentation is simple, personal documents, signed contract and proof of residence; and paycheck, for servers.

In the meantime, the personal loan requires personal documents, proof of income, proof of residence, checking account statement, credit card statement, personal, bank and business references.

CPF Analysis

In payroll-deductible loans, there is no CPF analysis, you may have restrictions on your name, as in SPC and Serasa for example, that this does not prevent your hiring.

In the personal loan consultations are made with the credit protection agencies and basically this is what will determine whether or not the personal loan can be made.

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