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In the YouTube video "Governo amplia prazo para aposentados pagarem empréstimos - CN Notícias," it is reported that pensioners from Brazil's National Institute of Social Security (INSS) will have an extra year to repay their consigned loans, extending the repayment period from five to six years. This decision was made by the National Council of Social Security and is expected to increase the annual volume of loans by 23 billion reais. The government justifies this by increasing credit offers, but critics argue that high interest rates, which can reach up to 2.14% per month, and a lack of transparency from banks regarding final debt values could trap pensioners in debt. With over 27 million loan consignations in the country by August, experts warn that extending the repayment period could lead to increased indebtedness. The video also mentions that this measure is typical during election periods and may provide immediate relief but is unclear if it is a good solution for the country in the long term. Retiree Rui Barbosa advises caution and encourages researching other sources of credit.
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