Introduction
When seeking credit, the choice between payroll-deductible loan (consignado) and personal loan can directly influence the cost of the transaction. With many financial institutions offering varied conditions, understanding which option offers the best rates in 2026 is essential for planning your finances responsibly.
What is a payroll-deducted loan?
The payroll-deductible loan (consignado) is a credit line in which the installments are deducted directly from the paycheck or INSS benefit. Because of this format, this type of loan presents lower risk for the bank and, consequently, more attractive interest rates.
Institutions such as Banco do Brasil, Sicoob and Banco PAN are examples that traditionally offer consignado loans, with conditions that may vary according to the client's profile and employment relationship.
Advantages of the consignado
- Lower interest rates compared to personal loans.
- Easier approval due to the payment guarantee.
- Longer repayment terms, making financial planning easier.
What is a personal loan?
The personal loan is a type of credit without collateral, where the client receives the money directly and has the freedom to use it as they prefer. This flexibility, however, usually comes with higher interest rates.
Fintechs such as Banco Inter and digital platforms such as PicPay and Mercado Pago offer personal loans with various terms and amounts, giving borrowers more autonomy.
Advantages of the personal loan
- No need for a link with an employer or benefit.
- Freedom to use the money as needed.
- Faster process at fintechs and digital banks.
Comparing interest rates: consignado vs. personal loan
Interest rates for payroll-deductible loans (consignado) are usually significantly lower than those for personal loans. For example, in 2026, the average annual rate for consignado may range from 15% to 25% per year, while personal loans often have rates exceeding 50% per year, depending on the institution and the client's profile.
For example, Banco Sofisa and Banco Original offer competitive rates on consignado, taking advantage of the security of payroll deduction. For personal loans, banks such as Bradesco and fintechs such as Revolut offer more flexible credit, but with higher interest to cover the risk.
What factors influence interest rates?
- Payment guarantee: Consignado is secured by payroll deduction, reducing risk for the bank.
- Borrower profile: Credit score, income and stability influence the conditions.
- Financial institution: Traditional banks, cooperatives and fintechs adopt different policies.
- Purpose of the loan: Although personal credit is more flexible, this may mean higher risk and interest.
Conclusion: which one to choose in 2026?
If you are eligible for a consignado loan, this type usually offers the best interest rates and most favorable conditions. However, if you do not have an eligible employment link or need more freedom in how you use the money, a personal loan may be the more viable alternative, even with higher interest.
For sound decisions, it is essential to compare proposals from different institutions, check the Total Effective Cost (CET) and consider your financial plans.
Seek specialized advice and use reliable online tools for simulations. This way, you ensure your choice is aligned with your goals and with the conditions of the financial market in 2026.
